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.
Cryptocurrency Accounting for High-Net-Worth Investors, NFT Traders, Web3 Founders & DeFi Investors
We offer expert cryptocurrency accounting services for high-net-worth investors, NFT traders, and DeFi users seeking IRS-compliant reporting and complete tax clarity.
Get your books in order, minimize your tax bill, and protect your digital wealth.
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Camuso CPA was the first firm in the U.S. to accept crypto payments—recognized across the Web3 ecosystem for our leadership in digital asset accounting and tax strategy.
Crypto CPA Since 2016 — As Seen In
Cryptocurrency Accounting for Investors, DeFi Traders, and NFT Collectors
If you’re investing in crypto but haven’t fully reconciled your transactions with accurate cryptocurrency accounting, you’re not alone, over 95% of crypto portfolios we review contain errors, missing data, or tax misclassifications that put investors at risk. From staking rewards and liquidity pool income to NFT royalties and gas fees, every transaction has tax consequences and most accountants simply aren’t equipped to handle them.
At Camuso CPA, we’ve been at the forefront of crypto tax and accounting since 2016. We were the first firm to accept cryptocurrency as payment and have built our practice specifically for high-net-worth crypto investors, traders, and DeFi power users.
We understand the IRS’s evolving stance on digital assets and deliver IRS-compliant reporting, audit-proof transaction logs, and customized tax planning strategies tailored to your crypto footprint.
Our team specializes in handling massive, messy, multi-year transaction histories across CEXs, DEXs, cold wallets, and bridges. We dig deep into wallets, reconcile every token movement, and clean up years of inaccurate records. Whether you’re trading on-chain, bridging across chains, flipping NFTs, or yield farming our crypto-native team ensures your books are accurate, audit-ready, and optimized for long-term tax savings.
Avoid penalties. Eliminate confusion. Preserve your crypto wealth.
We help you clean up your back books, fix IRS filings, and build a forward-looking tax strategy that actually works for digital assets.
Want to see why investors are turning to Camuso CPA to clean up thier cryptocurrency accounting? The IRS is cracking down on cryptocurrency taxes, here’s what you need to know.
Recognized as Forbes Best-In-State Top CPA for Leadership in Crypto Accounting
At Camuso CPA, we’re proud to be named a Forbes Best-In-State Top CPA, a recognition that highlights our leadership at the intersection of cryptocurrency, tax strategy, and financial compliance.
As the first U.S. accounting firm to accept cryptocurrency payments and one of the earliest pioneers in digital asset accounting, this Forbes listing reflects nearly a decade of hands-on experience helping crypto investors, Web3 startups, and DAOs navigate complex tax and accounting challenges.
Explore Our Forbes Recognition Page
Most CPAs and tax advisors still treat cryptocurrency like a foreign language. At Camuso CPA, we’ve built a practice dedicated to crypto accounting, DeFi tax compliance, NFT reporting, and Web3 CFO services, long before it became a trend.
Our Forbes recognition isn’t just a badge, it’s proof that you’re partnering with a team that understands:
- High-volume crypto trading and tax optimization
- Digital asset bookkeeping and wallet reconciliation
- Entity structuring and tax minimization for crypto investors and founders
- Token-based compensation, DAO treasury accounting, and Web3 audits
Whether you’re managing a personal crypto portfolio or leading a tokenized startup, our nationally recognized expertise ensures you’re covered from back filings to cryptocurrency accounting to forward-looking tax planning.
What We Offer: Cryptocurrency Accounting Services for Investors and Digital Asset Holders
A specialized CPA firm built for cryptocurrency, DeFi, and NFT portfolios.
Seamless Wallet and Exchange Integration
We connect directly to all major crypto exchanges, wallets, DeFi protocols, and blockchains—no matter how complex your transaction history is.
Expert Reconciliation & IRS-Ready Reports
We fully reconcile your crypto activity into clean, audit-proof records tailored for IRS compliance and crypto tax filings.
Dedicated Crypto Accounting Team
Work with CPAs who specialize in cryptocurrency, NFT, and DeFi tax law—not generalists guessing their way through your wallet history.
Customized Crypto Tax Solutions
Whether you're dealing with airdrops, staking income, mining, or NFT royalties—we tailor every solution to your tax profile.
Accounting Software Integration
We sync your crypto data directly into your general ledger using QuickBooks, Xero, and NetSuite—bridging on-chain with off-chain books.
Full-Service Tax Filing
We file individual, corporate, trust, and multi-entity returns with crypto asset accuracy at the core.
Ongoing Tax Law Updates
We monitor and apply evolving crypto tax laws and IRS guidelines—so you never fall behind on compliance.
Flexible Accounting Packages
Choose monthly, quarterly, or bi-annual crypto accounting support designed around your needs and portfolio activity.
Ready to clean up your cryptocurrency accounting?
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.
Who We Help: Crypto Investors, Founders & Web3 Builders
From the earliest days of Bitcoin to today’s tokenized, AI-integrated ecosystems, we’ve helped shape the financial backbone of Web3. As the industry has evolved, our diverse client base has scaled alongside it—ranging from high-net-worth investors to DAOs, foundations, and Web3 startups. With deep experience across every market cycle, we deliver bespoke crypto tax, accounting, and Web3 CFO solutions tailored to each client’s structure—designed to ensure clarity, audit-readiness, and confident long-term growth.
- Cryptocurrency, DeFi & NFT Investors
- High Net Worth Individuals
- Web3 Startups, Protocols & Token Projects
- Founders, Executives & Crypto-Paid Advisors
- DAOs & On-chain organizations
- Digital Asset Funds, VCs & Syndicates
- Foundations & Web3 Labs
- NFT Marketplaces, Dealers & Creators
- On-Chain Commerce & eCommerce Platforms
- SMEs and Corporations with crypto
- Blockchain Gaming Projects
- Bitcoin Mining Operations
- Stakers,Validators, Node Operators & Infrastructure Teams
- Stablecoin Issuers
- RWA Token Issuers
- Crypto and Stablecoin Finteches
- AI-Powered Startups with On-Chain Revenue
- AI Agents with On-Chain Transactions
- Network States, Startup Societies & Frontier Builders
We Help Digital businesses with these common Cryptocurrency Accounting Issues
- 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
Cryptocurrency Accounting & CPA Services Built for Web3 Founders & Investors
Crypto CPA and Web3 CFO services for DAOs, DeFi traders, and Web3 startups—tax, accounting, and advisory tailored to digital asset complexity.
Crypto Tax Strategy & Planning Services for Web3 Investors & Founders
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.
Explore Crypto Tax Strategy Services →
Cryptocurrency Accounting & Reconciliation for DeFi, NFTs, and Digital Assets
Clean up messy crypto books and bring order to your portfolio. We help investors and Web3 founders track, reconcile, and report activity across wallets, exchanges, DeFi, NFTs, and multi-chain holdings—with bulletproof accuracy built for compliance.
Fix Inaccurate Crypto Reports →
Web3 Startup & DAO Accounting Services for GAAP & Tax Compliance
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, DAO, foundation or digital asset fund, our crypto-native team delivers timely, GAAP-aligned reporting to support capital raises, regulatory compliance, and smarter business decisions.
Implement Crypto-Native Subledger Accounting ->
Crypto Tax Filing & Compliance for Investors, Traders & Startups
We specialize in crypto tax filings for high-net-worth investors, digital asset traders, and Web3 startups with complex activity. From DeFi, staking, and multi-wallet portfolios to token raises and DAO operations—we deliver clean, compliant returns that reduce risk and stand up to IRS scrutiny.
File Your Crypto Taxes with Confidence ->
Crypto Tax Resolution & IRS Representation for Crypto Investors & Web3 Founders
Facing IRS letters, back taxes, or unfiled crypto returns? We help investors, traders, and Web3 founders resolve crypto-related tax issues with speed and confidence. From late filings to audit defense and penalty reduction, we clean up your situation and get you back in compliance—with strategies that protect your assets and reputation.
Fix Crypto Back Taxes & Unfiled Returns ->
Web3 CFO Services: Forecasting, Budgeting & Crypto Fund Reporting
Scale with confidence through crypto-native financial leadership. We deliver CFO services tailored to Web3 startups, DAOs, and digital asset funds—covering forecasting, budgeting, tokenomics, treasury management, and investor reporting. Whether you're raising capital or managing complex structures, we provide the clarity founders and investors need to grow and stay compliant.
Scale with a Crypto-Native CFO Partner->
Web3 Sales Tax Compliance for NFT Platforms & Tokenized Marketplaces
We’re industry leaders in crypto sales tax—we wrote the book and built the software. Our team helps Web3 startups, DAOs, and NFT platforms manage multi-state and multi-jurisdiction sales tax obligations tied to token sales, marketplace revenue, and digital goods. From nexus analysis to filings and audit defense, we deliver expert compliance trusted by regulators and founders alike.
Get a Web3 Sales Tax Compliance Check ->
Crypto Tax & Web3 Accounting Courses for Founders, CFOs & Investors
Learn from the CPAs who built the playbook. Our on-demand courses teach Web3 founders, crypto investors, CFOs and tax professionals how to navigate token events, DeFi, DAOs, and digital asset reporting with clarity and confidence. Whether you’re managing your own books or leveling up your team, our programs deliver expert guidance built on real-world experience.
Train Your Team in Web3 Accounting ->
Why Web3 Founders & Crypto Investors Trust Camuso CPA for Cryptocurrency Accounting Services
Crypto accounting and tax compliance isn’t just complex—it’s mission-critical. While traditional CPAs and CFOs are still catching up to Web3, Camuso CPA has been leading since the earliest Bitcoin cycles. As trusted crypto tax experts and Web3 CFOs, we help investors, founders, and digital asset companies minimize liabilities, stay audit-ready, and maintain clean, reliable books that support strategic decision-making. Whether you’re managing multi-chain wallets, launching tokens, or scaling your Web3 venture—we deliver the full-scope solutions traditional firms can’t.
| 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 | ✔ | ✖ |
| Virtual CFO for Web3 Startups & DAOs | ✔ | ✖ |
| Crypto Investor & Founder Tax Strategy | ✔ | ✖ |
| Token Generaton Event (TGE) & SAFT Support | ✔ | ✖ |
| Corporate & Partnership Tax Returns | ✔ | ✔ |
| Traditional Business Accounting | ✔ | ✔ |
| High-Net-Worth Individual Tax Returns | ✔ | ✔ |
| On-Chain Sales Tax Compliance (We Wrote The Book) | ✔ | ✖ |
What Web3 Founders & Crypto Investors Are Saying About Our Cryptocurrency Accounting Services
Real Results from Our Cryptocurrency Accounting Clients
Results
Total Tax Savings:
$ 275,000 +
Total Time Savings:
Saved $275,000+ in IRS Liabilities with Strategic Tax Resolution and Clean-Up
Chad
A high-volume DeFi investor came to us after receiving an IRS 6174-A notice and years of unfiled crypto activity. Before reaching out to our firm to resolve their crypto tax issues, they had tried using three crypto tax software platforms and hired two other accounting firms—none of which produced accurate results. We reconstructed their entire crypto tax history, cleaned up seven years of accounting, and successfully negotiated an Offer in Compromise with the IRS.
Results
Total Tax Savings:
$ 500,000 +
Total Tax Deferral:
Recovered Millions in Overstated Gains and Built an Accurate Crypto Tax System from 2016–Present
Paul
Jonathan, a high-net-worth crypto investor active since 2016, came to us after multiple failed attempts with top crypto tax software and two CPA firms. Their reports overstated his gains by millions, misclassified transactions, and ignored 30+ wallets, 15+ exchanges, margin trades, DeFi activity, and NFTs across 10+ chains. He also received inaccurate 1099s with no cost basis tracking.
Our team rebuilt his accounting system from the ground up—accurately reconciling every transaction from 2016 to the present. We corrected misreported 1099s, cleaned up his books, and implemented an ongoing crypto-native tax strategy. By identifying loss harvesting opportunities and creating accurate filings, we saved Jonathan substantial money and ensured IRS compliance.
Results
Total Tax Savings:
$ 300,000+
Total Time Savings:
20 Hours+
Saved $300,000+ in Future Liabilities by Structuring a Compliant Token Launch
Jonathan
A Web3 startup came to us during a critical phase—raising funds through a SAFT and preparing for their Token Generation Event (TGE). We delivered a full tax plan that restructured their token allocations, reduced their future tax liabilities by over $300,000, and avoided major compliance risks.
We also implemented a crypto-native accounting system with integrated sub-ledgers and automation, saving the team 20+ hours weekly in manual accounting. Our ongoing support as their Web3 CFO continues to keep their books investor-ready and their strategy compliant.
Results
Operational ROI: $75,000+
Time Savings: 120+ hours monthly across founders and ops
Built an Investor-Ready Financial Model After Revamping a Web3 Startup's Back Office
William
A rapidly scaling, seed-stage Web3 startup engaged us to overhaul their back office systems, which lacked investor-grade reporting and reliable financial infrastructure. We began by cleaning up their accounting stack and rebuilding workflows to ensure accurate, real-time visibility. From there, we implemented a full-stack CFO solution—introducing structured budgeting, forecasting, and token comp reporting. Our work enabled them to support board reporting, streamline investor communications, and scale operations with confidence.
Results
Total Tax Savings:
$ 750,000 +
Total Time Savings:
Rebuilt Accounting for Crypto Fund with 50M–100M Trades Per Year
William
A crypto fund executing between 50 and 100 million transactions annually required a full accounting overhaul. We retroactively cleaned up three years of high-volume data, designed a crypto-native sub-ledger system, and delivered audit-ready financials. Our scalable architecture supports real-time trade tracking, institutional compliance, and long-term fund operations.
Results
Total Tax Savings:
$ 2.4 Million
Total Time Savings:
Optimized Bitcoin Mining Operations to Save $2.4M Through Depreciation Strategy & Accounting Overhaul
William
Paul, the managing partner of a successful Bitcoin mining company, sought our firm’s assistance for tax planning. Our collaborative efforts led to significant tax-saving strategies for his business. Furthermore, our guidance allowed Paul to gain clarity on accelerating depreciation schedules for purchased equipment and assets. Moreover, our firm aided Paul in setting up and updating his accounting system to ensure accurate records for past transactions. This enhancement provided comprehensive financial visibility and facilitated precise tax planning and compliance strategies.
Results
Tax Risk Mitigation:
$1M+ in potential tax exposure prevented
Total Time Savings:
Prevented $1M+ in Future Liability by Automating Web3 Sales Tax With On-Chain Software & Strategic Advisory
William
A Web3 NFT marketplace founder approached us ahead of launch, unsure how to manage evolving U.S. sales tax obligations for digital goods and tokenized assets. We identified critical nexus exposure across multiple states and advised them on a compliant platform structure—before any sales occurred.
Our team implemented a tailored on-chain sales tax automation solution, integrating it with their smart contract and payment flows. In addition to ensuring tax compliance from day one, we provided strategic advisory on jurisdictional risk, token classification, and reporting frameworks.
By proactively correcting the platform architecture and automating sales tax at the protocol level, the company avoided regulatory risk, saved months of legal cleanup, and protected themselves from $1M+ in future tax liability.
Crypto Tax & Web3 Accounting Guides for Founders & Investors
Stay ahead of the curve with expert-written guides on crypto tax, token launches, and digital asset accounting. Whether you’re launching a Web3 startup or managing a high-net-worth crypto portfolio, these resources break down complex topics into clear, actionable insights. Learn from Crypto CPAs and Web3 CFOs in the trenches.
Crypto Tax Tools, Web3 Accounting Templates & Investor-Focused Resources Built By Crypto CPAs & Web3 CFOs
Access expert-built tools to simplify crypto finance. Our curated library includes tax templates, accounting systems, eBooks, and on-demand webinars designed for crypto investors, Web3 founders, DAOs, and digital asset funds. Whether you’re optimizing tax strategy or preparing investor-grade financials, these resources designed by Crypto CPAs and Web3 CFOs help you stay compliant and scale with clarity.
Fix Your Cryptocurrency Accounting — Get Clean, Compliant, and Tax-Ready
We’ll organize your wallets, reconcile every trade, and give you the tax clarity you need to move forward with accurate cryptocurrency accounting.
TL;DR: Why Camuso CPA Is the #1 Choice for Cryptocurrency Accounting
- Camuso CPA is a Forbes Best-In-State Top CPA Firm, known nationally for pioneering cryptocurrency tax and accounting since 2016.
- We handle crypto trading, DeFi, NFTs, and DAO compliance with unmatched precision.
- From tax strategy to CFO services, we tailor every engagement for founders, high-net-worth investors, and tokenized entities.
- No generic advice. Just deep expertise in crypto tax reporting, wallet reconciliation, and Web3 financial systems.
- Millions in projected crypto tax savings. Full-scope accounting cleanups. Long-term crypto estate planning.
- We were the first U.S. accounting firm to accept crypto payments, and we’re still leading.
Cryptocurrency Accounting FAQ
What is cryptocurrency accounting and why is it essential for crypto investors?
Cryptocurrency accounting tracks, categorizes, and reconciles all your digital asset activity from trades to staking rewards in order to ensure tax compliance and accurate reporting. Without it, investors risk overpaying taxes, triggering audits, or missing key deductions.
How do I report crypto transactions and DeFi activity on my taxes?
Each crypto trade, swap, airdrop, staking reward, or DeFi yield is a taxable event. These must be reported with fair market value at the time of the transaction. We help clients aggregate data across wallets, exchanges, and smart contracts into compliant tax reports.
What are the IRS requirements for cryptocurrency accounting and tax reporting?
The IRS treats cryptocurrency as property, requiring detailed gain/loss calculations for every taxable event. You must track cost basis, holding periods, and fair market value across all wallets and exchanges, even DeFi. Camuso CPA ensures full IRS alignment.
How can Camuso CPA help reduce my crypto tax liability legally and efficiently?
We implement HIFO or Specific ID accounting, loss harvesting, proper entity structuring, and forward-looking tax strategies to legally reduce your tax bill. Our cleanups often recover 5–6+ figures in overpaid taxes for high-volume traders and investors.
Do I need to report crypto held in cold wallets, hardware wallets, or DeFi platforms?
Yes. The IRS requires that all digital asset activity be reported regardless of custody or platform. Our crypto-native accounting tools track cold wallet movements, DeFi LPs, and on-chain transactions for full accuracy.
What’s the best crypto accounting method: FIFO, LIFO, HIFO, or Specific ID?
The “best” method depends on your tax minimization goals. HIFO often yields the lowest taxes but requires robust recordkeeping. We help you select the best method (and document it) to minimize taxes while staying compliant.
How does proper crypto accounting support long-term wealth planning?
Accurate records enable better tax strategy, estate planning, and risk management. With clear accounting, we can project liabilities, optimize exits, and ensure digital assets are accounted for in trusts or succession plans.
How can entity structuring lower crypto taxes for high-net-worth investors?
LLCs, S-Corps, and trust structures can dramatically reduce self-employment tax, allow income deferral, or enable family wealth transfers. We design custom entities aligned with your trading activity and long-term goals.
What should Web3 founders know about token-based compensation accounting?
SAFTs, token grants, and employee vesting introduce complex tax triggers. Founders must recognize income based on FMV at grant or vest and manage deferred comp correctly. Camuso CPA handles token cap tables, vesting, and RTA compliance.
Can I write off gas fees, staking rewards, or trading losses on my crypto taxes?
Yes. Gas fees tied to taxable transactions can be included in basis. Staking rewards are taxable income, and capital losses can offset gains. We categorize all fees, rewards, and losses properly to capture every legal deduction.
What should I do if I receive a crypto-related IRS notice or CP2000 letter?
Don’t ignore it. A CP2000 or IRS crypto notice typically means there’s a mismatch between your 1099 filings (like from Coinbase or Kraken) and your tax return. Camuso CPA specializes in IRS crypto resolution, we analyze the records, amend returns if needed, and directly communicate with the IRS to resolve the issue and protect you from penalties.
What is Form 1099-DA and how will it impact crypto investors starting in 2025?
Starting with tax year 2025, exchanges like Coinbase and Kraken will be required to issue Form 1099-DA to both the IRS and users, reporting gross proceeds from digital asset sales. This is a major shift in crypto tax compliance. The IRS will now have direct visibility into your crypto activity, similar to how stock brokerages report 1099-B forms.
Camuso CPA helps clients prepare for this new regulation by ensuring:
Wallet and exchange records are already reconciled
Your tax filings match what the IRS will soon receive
Any historical gaps or over-reporting risk are corrected before enforcement begins
Failing to prepare for 1099-DA matching could trigger audits, CP2000 notices, or IRS penalties. We help you stay one step ahead.
Can Camuso CPA prepare and file my taxes?
Yes, we prepare and file complete federal, state, and local tax returns for both individuals and entities, including crypto-specific forms. Your returns are audit-ready and strategically optimized for maximum savings.
How do I get started working with Camuso CPA?
Book a free discovery call. We’ll review your needs, assets, and goals then tailor a service plan that fits your situation. From cleanups to compliance to scaling, we handle everything from start to finish.
Does Camuso CPA offer crypto accounting cleanups for prior tax years?
Absolutely. We specialize in crypto accounting cleanups, rebuilding your books from scratch using API exports, wallet records, and forensic data reconstruction. Most clients save thousands in taxes or avoid major audit penalties.
What crypto bookkeeping tools does Camuso CPA support (e.g., CoinTracking, Koinly)?
We support all major platforms, CoinTracking, Koinly, Cointracker, Awaken, custom CSVs and many more. For Web3 companies, we integrate directly with wallets and general ledgers for seamless accounting.
How does crypto estate planning work for wallets, seed phrases, and digital assets?
Digital asset estate planning requires more than just legal documents, you need secure, traceable access. We work with estate attorneys to build crypto-specific succession plans for wallets, private keys, seed phrases, and smart contract holdings.
What CFO services do you offer for Web3 startups, DAOs, and NFT projects?
Our outsourced Web3 CFO services include: crypto-native budgeting, token issuance accounting, treasury forecasting, tax strategy, and investor reporting. We bridge the gap between traditional finance and decentralized ecosystems.
Can Camuso CPA help prepare crypto records for IRS audits or legal disputes?
Yes. We create audit-grade crypto accounting records that align with IRS requirements and withstand scrutiny. Whether it's an IRS audit, cryptocurrency tax notice, legal dispute, or M&A event, we support full data traceability and defensible reporting.
What are the risks of inaccurate crypto accounting or tax underreporting?
Misreporting crypto taxes can trigger audits, penalties, or even fraud charges. Many CPAs overlook DeFi, NFT, and wallet-based activity, exposing clients to major risk. We ensure bulletproof compliance with all IRS standards.
Do I need to track every wallet and exchange for proper crypto reporting?
Yes. IRS rules require full portfolio transparency. That means every wallet, CEX, DEX, and bridge must be tracked. We consolidate data from 10–100+ sources per client using smart parsing tools and custom reconciliations.
What triggers an IRS audit for crypto investors or Web3 businesses?
Red flags include mismatched 1099s, undeclared staking or mining income, large DeFi volume, and missing capital gains reporting. Camuso CPA prevents audit triggers with proactive planning, real-time reconciliation, and bulletproof documentation.
How can crypto tax planning help reduce my year-end tax bill?
Strategic crypto tax planning lets you reduce taxable gains, defer income, and structure trades more efficiently. We use tools like Spec ID accounting, loss harvesting, and entity structuring to legally minimize your liability. With proactive planning, many clients save five to six figures annually especially those with high-volume trading or staking rewards.
What if I need to clean up multiple years of crypto taxes but I’m missing exchange data?
If you're missing records from old or defunct exchanges (like FTX, Cryptopia, BlockFi, etc.), you're not alone. Many crypto investors fall behind on tax filings due to lost or incomplete data. At Camuso CPA, we specialize in forensic crypto accounting.
Our team:
Reconstructs trading history from blockchain wallets, bank statements, and CSV fragments
Uses tools like CoinTracking and manual reconciliation for accuracy
Fills in missing cost basis and transaction details in a defensible, audit-ready format
Files back taxes, amends prior returns, and negotiates with the IRS if notices have already been issued
Whether you’re behind one year or ten, we’ll get your books clean and protect you from penalties even if you're missing exchange records.
