When should I hire a crypto accounting service?

If you trade crypto, earn staking rewards, use DeFi, or hold a high-volume portfolio, it's critical to hire a crypto accounting service early. Delaying can lead to tax reporting errors, lost cost basis data, and IRS penalties.

Can Camuso CPA prepare and file my taxes?

Yes, we provide full-service crypto tax preparation and filing for individuals, corporations, partnerships, and trusts. We ensure IRS-compliant filings based on your reconciled crypto data.

Does Camuso CPA provide tax planning services?

Yes. We offer proactive tax strategy and planning tailored to your crypto activity—including entity structuring, token timing, and capital gain optimization.

How is Camuso CPA different from other accounting service providers?

We are crypto-native CPAs who specialize solely in digital assets. Since 2016, we’ve built systems to support DeFi users, NFT investors, and Web3 businesses—making us more experienced than generalist firms.

How do you secure my data if we are working virtually?

We use secure client portals, encrypted API integrations, and strict internal access controls to protect your financial data and crypto transaction records.

Can you handle high volumes of transactions, blockchains, exchanges, and wallets?

Yes. We specialize in reconciling thousands of transactions across centralized exchanges, cold wallets, DeFi protocols, and multi-chain portfolios using industry-grade crypto tax tools.

Do you understand NFTs, DeFi, and Web3 accounting?

Absolutely. We’ve worked with NFT creators, DAO contributors, and DeFi power users. Our team understands token airdrops, staking, bridging, royalties, LPs, and smart contract activity.

What happens if I haven’t reported my crypto taxes in past years?

We specialize in cleaning up back-year filings and helping clients resolve IRS notices. We reconstruct records, prepare amended returns, and negotiate outcomes when needed.

Can you integrate my cryptocurrency transactions with QuickBooks?

Yes. We offer full crypto-to-QuickBooks (and Xero/NetSuite) integration, ensuring your digital asset activity is accurately reflected in your general ledger.

How do I get started working with Camuso CPA?

Start by booking a strategy call with one of our crypto CPAs. We’ll assess your needs, review your wallets, and provide a custom engagement plan to clean up your books and handle your taxes.

Cryptocurrency Accounting for Complex Digital Asset Portfolios

Q: Why can't I just use Koinly, CoinTracker, or TurboTax?

Software processes what you give it. It cannot identify missing data, resolve conflicting records, or make judgment calls on complex transactions like DeFi, bridging, or staking. Most portfolios have material errors that software never flags, and those errors carry forward into every future filing.

Q: How far back do you go when reconstructing transaction history?

We have reconstructed portfolios going back to the earliest Bitcoin cycles. If you have been in crypto for years and your books have never been properly reconciled, we start from the beginning and build a complete, defensible record.

Q: What types of crypto activity do you account for?

We account for spot trades, DeFi positions, liquidity pools, staking and validator rewards, airdrops, hard forks, NFTs, bridging transactions, mining income, token launches, and multi-chain activity across CEXs, DEXs, and cold wallets.

Q: What if I have never properly reported my crypto activity?

You are not alone, and it is fixable. We reconcile your full history, identify what was underreported, and work with you to come into compliance through amended returns or voluntary disclosure where appropriate, before IRS enforcement reaches you.

Q: How do I get started?

Schedule a consultation and we will assess your current situation, your transaction history, any gaps or errors in prior filings, and what it will take to produce books that are accurate and defensible going forward.

Recognized by Forbes as a Best-in-State Top CPA in 2025 and 2026

Featured in Forbes for "Leading the Charge on Crypto Accounting": Read the Forbes Feature

Accurate cryptocurrency accounting requires more than software. We reconcile every wallet, exchange, and protocol and deliver books that are audit-ready, IRS-aligned, and built to last

Nationally Recognized Crypto CPA Since 2016 and the first CPA firm in the U.S. to accept cryptocurrency for professional services.

Cryptocurrency Accounting Built for the Complexity of Digital Asset Portfolios

Most crypto portfolios accumulate errors silently. Wallet transfers misclassified as taxable sales. DeFi activity unreconciled. Cost basis fragmented across exchanges with no continuity between tax years.

Over 95% of crypto portfolios we review contain material reporting errors. Most investors discover this after receiving an IRS notice, not before.

Camuso CPA has operated exclusively in digital asset accounting since 2016 and is the first firm in the U.S. to accept cryptocurrency as payment, and one of the earliest practices built specifically for the complexity of on-chain portfolios. We reconcile multi-year transaction histories across CEXs, DEXs, cold wallets, DeFi protocols, and bridges.

We clean up back books, correct prior filing positions, and build a forward-looking tax strategy that accounts for the full reality of how digital assets actually move.

Work with a Crypto CPA who has seen every version of this problem, not a generalist encountering your transaction history for the first time.

Patrick Camuso’s work on digital asset taxation policy has been published in Tax Notes alongside a former head of the IRS Office of Digital Assets and co-author of the Section 6045 digital asset broker regulations.

Our Cryptocurrency Accounting Process: From Onboarding to Ongoing Tax Strategy

Step 1: Cryptocurrency Accounting Onboarding Call

Meet 1-on-1 with your dedicated crypto CPA to review your wallet history, define your accounting goals, and map out a custom engagement. We identify risk areas, missing data, and opportunities to reduce your tax exposure from day one.

Step 2: Cryptocurrency Accounting System Setup, Implementation & Backlog Clean-Up

We build or optimize your crypto accounting system—integrating exchanges, wallets, and DeFi protocols. Then we dive deep to reconcile historical transactions, fix cost basis issues, and repair reporting gaps across prior tax years.

Step 3: Monthly, Quarterly, or Annual Cryptocurrency Accounting

Once your books are clean, we handle your ongoing accounting with precision. Whether you choose monthly, quarterly, or annual updates, you'll receive accurate financial reports and crypto portfolio summaries—ready for tax filing and audits.

Step 4: Ongoing Tax Advisory & Strategy

Get proactive guidance year-round. Your crypto CPA monitors regulatory changes, flags issues early, and helps you make tax-smart moves across NFTs, staking, bridging, DAOs, and token sales. We optimize your tax outcomes—not just file and forget.

Prefer to book a time directly?

Book a Crypto Accounting Consultation →

Prefer to reach us directly? Email info@camusocpa.com or call (704) 249-3179.

Who We Help: Crypto Investors, Founders & Web3 Builders

From early Bitcoin adoption through today’s multi-chain digital asset ecosystem, we have advised investors and operators whose crypto exposure is financially material.

Our clients are not experimenting with digital assets. They are allocating capital, operating entities, issuing tokens, and managing portfolios that require historical accounting integrity, cost basis continuity, and defensible tax architecture.

Signs Your Crypto Accounting Needs Professional Attention

You haven’t reported crypto on past tax returns and don’t know where to start
Your wallets, trades, and staking income are scattered and unorganized
Your current CPA doesn’t understand crypto and keeps asking you to “explain your transactions."
You're worried about IRS notices, audits, or underreported gains
You’re missing cost basis data and unsure how to fix it
You need a trusted crypto CPA to make sense of it all and minimize your tax risk
You’re spending hours trying to reconcile trades or export data from exchanges

Ready to clean up your cryptocurrency accounting?

Crypto Accounting & Tax Services

Crypto Tax Cost Basis Reconstruction & Historical Reporting

We reconstruct complex digital asset histories, restore cost basis integrity, and realign prior-year tax filings to establish audit-ready reporting continuity. Read our tax guide:

Crypto Cost Basis Reconstruction & Historical Accounting

Form 1099-DA Compliance & Reconciliation Services

We reconcile third-party 1099-DA data with reconstructed cost basis records to prevent mismatches, restore reporting continuity, and prepare defensible crypto tax filings. Read our tax guide:

What to do when you receive a 1099-DA for crypto

Crypto Tax Filing & Compliance

We specialize in crypto tax filings for high-net-worth investors, digital asset traders, and Web3 startups with complex activity. We deliver clean, compliant returns that reduce risk and stand up to IRS scrutiny.

Crypto Tax Strategy & Planning

Proactive, high-impact tax planning for crypto investors and Web3 founders. From token events to multi-chain portfolios, we help minimize liabilities, defer gains, and build long-term wealth across every market cycle.

Web3 Startup & Blockchain Accounting

We provide end-to-end crypto accounting that integrates on-chain sub-ledgers with your general ledger, ensuring complete, auditable books investors trust. Whether you're a Web3 startup,

Prediction Market Tax Reporting

Specialized U.S. tax reporting and accounting for prediction market traders, including Polymarket, Kalshi, USD-settled and crypto-settled contracts. Read our tax guide:

Prediction Market Taxes Explained: Why U.S. Tax Characterization Remains Unsettled

Web3 Sales Tax Compliance

We’re industry leaders in crypto sales tax. Our team helps Web3 startups and NFT platforms manage multi-state and multi-jurisdiction sales tax obligations tied to token sales, marketplace revenue, and digital goods.

Why Serious Crypto Investors Choose Camuso CPA

Cryptocurrency accounting requires a level of technical fluency that most CPA firms simply don’t have. Reconciling multi-chain wallets, DeFi positions, staking rewards, and cross-protocol activity demands both deep tax expertise and a firsthand understanding of how these systems actually work.

Camuso CPA has operated exclusively in digital assets since 2016. We’ve reconciled portfolios spanning the earliest Bitcoin cycles through the current DeFi era, and we understand precisely where errors accumulate, how they compound across tax years, and what it takes to produce books that are accurate, defensible, and built to withstand IRS scrutiny.

When the compliance stakes are high, experience in this specific discipline is what separates clean books from costly exposure

Service	Camuso CPA	Typical Accounting Firm
Cryptocurrency Portfolio Accounting & Wallet Reconciliation	✔	✖
DeFi & NFT Transaction Accounting	✔	✖
Crypto Tax Resolution & IRS Representation	✔	✖
Web3 Accounting & Financial Statement Preparation	✔	✖
Prediction Market Tax Reporting	✔	✖
Crypto Investor & Founder Tax Strategy	✔	✖
Token Generation Event (TGE) & SAFT Support	✔	✖
Corporate & Partnership Tax Returns	✔	✔
Traditional Business Accounting	✔	✔
High-Net-Worth Individual Tax Returns	✔	✔
On-Chain Sales Tax Compliance	✔	✖

Crypto Portfolio Accounting

Case Study

50+ Wallets and 40,000+ Transactions Reconstructed with Ongoing DeFi Portfolio Accounting

Client Type Active DeFi Investor

Wallets 50+

Transactions 40,000+

Engagement Historical Reconstruction and Ongoing Accounting

The Problem

An active DeFi investor operating across more than 50 wallets and multiple chains had accumulated over 40,000 transactions spanning several years with no reconciled accounting records. Activity included liquidity pool interactions, bridging across chains, staking rewards, DEX swaps, yield farming, and NFT transactions, each with distinct cost basis and income recognition treatment. Prior software outputs had never been reconciled at the wallet level, internal transfers had been miscategorized as disposals, and cost basis continuity was broken across accounts. The investor had no reliable records to support a tax return or make informed disposition decisions.

What We Did

Pulled raw transaction data across all 50+ wallets and exchanges, normalizing on-chain data from multiple block explorers and custodial export formats. Categorized each transaction type, identified and reclassified internal transfers, matched bridging events across chains, and established lot-level cost basis records for the full portfolio history. Built a defensible accounting methodology covering income recognition for staking, yield, and liquidity pool activity, and applied it consistently across the entire history. Aligned the full history with Rev. Proc. 2024-28 requirements, including account-level basis allocation and the transition away from universal pooling, ensuring the methodology is consistent with current IRS guidance on cost basis tracking across wallets and exchanges. Delivered audit-ready records covering all prior years and transitioned the client to ongoing quarterly portfolio accounting with regular reconciliation of new DeFi activity as it occurs.

The Outcome

Full transaction history reconciled across 50+ wallets and 40,000+ transactions with defensible, lot-level cost basis records. Client moved from years of unreconciled on-chain activity to clean, audit-ready portfolio accounting with a documented methodology covering every DeFi interaction type. Ongoing quarterly accounting now keeps the portfolio current, with each new protocol interaction categorized and reconciled as it occurs rather than accumulated for a year-end scramble.

"Very happy working with Patrick. He's the real deal when it comes to crypto tax and accounting. Highly recommend him if you want clarity and confidence in your reporting."

Your Crypto Books Should Be Accurate, Defensible, and IRS-Ready

We reconcile every wallet, exchange, and protocol and deliver books that hold up under scrutiny

Cryptocurrency Accounting FAQ

What does cryptocurrency accounting actually involve?

Cryptocurrency accounting is the process of reconciling every transaction across your wallets, exchanges, and protocols, calculating cost basis, classifying income events, and producing records that are accurate, IRS-aligned, and audit-ready. It goes well beyond what tax software can automate.

Why can't I just use Koinly, CoinTracker, or TurboTax?

Software processes what you give it. It can't identify missing data, resolve conflicting records, or make judgment calls on complex transactions like DeFi, bridging, or staking. Most portfolios have material errors that software never flags, and those errors carry forward into every future filing.

How far back do you go when reconstructing transaction history?

We've reconstructed portfolios going back to the earliest Bitcoin cycles. If you've been in crypto for years and your books have never been properly reconciled, we start from the beginning and build a complete, defensible record.

What types of crypto activity do you account for?

Spot trades, DeFi positions, liquidity pools, staking and validator rewards, airdrops, hard forks, NFTs, bridging transactions, mining income, token launches, and multi-chain activity across CEXs, DEXs, and cold wallets.

How does 1099-DA affect my cryptocurrency accounting?

Beginning with the 2025 tax year, brokers are required to report crypto transactions to the IRS via Form 1099-DA. If your cost basis is incomplete or inaccurate, IRS matching will create discrepancies that trigger notices and potential audits.

What if I've never properly reported my crypto activity?

You're not alone, and it's fixable. We reconcile your full history, identify what was underreported, and work with you to come into compliance through amended returns or voluntary disclosure where appropriate, before IRS enforcement reaches you.

Do you work with both individual investors and businesses?

Yes. We handle individual investors with complex portfolios as well as Web3 companies, crypto funds, and multi-entity structures that require rigorous accounting and consolidated reporting.

How do you integrate crypto data with my existing accounting software?

We sync your on-chain activity directly into QuickBooks, Xero, or NetSuite, bridging your crypto books with your broader financial records for clean, consolidated reporting.

What makes Camuso CPA different from a general CPA who also does crypto?

We have operated exclusively in digital assets since 2016. This isn't a service line we added. It's the only thing we do. That depth of experience means we understand the technical mechanics of these assets at a level a generalist firm cannot replicate.

How do I get started?

Schedule a consultation and we'll assess your current situation, your transaction history, any gaps or errors in prior filings, and what it will take to produce books that are accurate and defensible going forward.