Camuso CPA "Leading the Charge on Crypto-Accounting" - Forbes For over 10 years, Camuso CPA has specialized exclusively in digital asset taxation and accounting, serving as the advisor of choice when these matters require deep technical expertise. Patrick Camuso's published research and press coverage includes Tax Notes, Forbes, Wired, Bloomberg Tax, Accounting Today, MarketWatch, Morningstar, Business Insider, Yahoo Finance, Moneywise, AOL, Vice, and ForkLog on crypto tax compliance, Web3 accounting, and prediction market taxation. Published Research Tax Notes Federal and Tax Notes Global Prediction Market Event Contracts: A Tax Classification Analysis A federal tax classification analysis of prediction market event contracts, co-authored with the former head of the IRS Office of Digital Assets. The article examines how the same transaction may be characterized as a wagering transaction under section 165(d), a section 1256 contract, or capital or ordinary under the general rules, and addresses the gap in formal IRS guidance covering more than $44 billion in 2025 prediction market trading volume. Tax Notes Federal and Tax Notes Global Digital Asset Taxation in the United States: A Policy Analysis A policy analysis of the evolving U.S. digital asset tax landscape, co-authored with the former head of the IRS Office of Digital Assets and co-author of the Section 6045 digital asset broker regulations. The analysis examines major legislative and regulatory initiatives affecting digital asset reporting, jurisdictional authority, and tax treatment of digital asset activity. Cited Research Camuso CPA Analysis Cited in Tax Notes and Across Major Tax and Financial Publications Analysis published on camusocpa.com has been cited in Tax Notes footnotes and referenced across major tax and financial publications covering digital asset taxation, Form 1099-DA compliance, and prediction market tax treatment. Policy & Regulatory Submissions U.S. Treasury and Internal Revenue Service Recommendation for Federal Tax Guidance on Prediction Market Event Contracts Camuso CPA submitted a formal recommendation to the U.S. Department of the Treasury and Internal Revenue Service requesting coordinated federal tax guidance for prediction market event contracts under Notice 2026-23 and the 2026-2027 Priority Guidance Plan. The submission identifies recurring federal tax administration questions involving contract classification and character, wagering treatment, section 1256, transaction timing and losses, taxpayer capacity and market-making activity, entity-level treatment, information reporting, digital asset settlement, recordkeeping, and transition rules. Industry Leadership AICPA Digital Asset Tax Task Force Member Patrick Camuso serves as a member of the AICPA Digital Asset Tax Task Force, which engages the IRS, Treasury, and Senate Finance Committee on digital asset tax policy on behalf of the accounting profession. Forbes Business Council Forbes Business Council Member Patrick Camuso is a member of the Forbes Business Council, an invitation-based community of business leaders, where he contributes expert commentary on digital asset taxation, compliance, and accounting. Awards and Recognition Forbes Forbes Best-In-State Top CPA (2026) Patrick Camuso was recognized by Forbes as a Best-In-State Top CPA for the second consecutive year, remaining the only crypto-focused CPA on the Forbes list. Forbes Forbes Best-In-State Top CPA (2025) Patrick Camuso was recognized by Forbes as a Best-In-State Top CPA and is the only crypto-focused CPA on the 2025 Forbes list. AI Search Authority AI Search Citations Cited Authority on Digital Asset Taxation and Accounting Systems Across AI Search Platforms Camuso CPA's analysis on Form 1099-DA compliance, prediction market taxation, crypto cost basis, and Web3 accounting systems is actively cited by AI search engines including ChatGPT/OpenAI, Microsoft Copilot, Claude, Grok, Meta AI, Apple AI, and Amazon in response to user queries on digital asset tax compliance. AI Search Citations Cited Authority on Prediction Market Taxation and Accounting Across AI Search Platforms Camuso CPA's analysis on prediction market tax classification and accounting is actively cited by AI search engines including ChatGPT/OpenAI, Microsoft Copilot, Claude, Grok, Meta AI, Apple AI, and Amazon in response to user queries on prediction market taxation and accounting. Speaking Engagements NFT.NYC Tax Identity and Accountability in Autonomous On-Chain Markets A session on how existing tax frameworks apply to AI agents executing on-chain transactions autonomously, covering the unresolved questions of attribution, identity, and reporting obligation when an autonomous agent generates a taxable event, and what the emergence of autonomous commercial actors means for how tokenized markets develop and operate. Boston Blockchain Week Navigating a New Era of Digital Asset Regulation, Public Policy, and Oversight A panel on the federal and state legislative developments, regulatory expectations, tax reporting obligations, and enforcement trends currently shaping the digital asset industry, covering ground from stablecoin legislation and market structure reform to California's Digital Financial Assets Law, IRS crypto tax reform, and international reporting standards. ACFCS Trading Tomorrow: Prediction Markets, Crypto, and Financial Crime Risk A panel presentation on the intersection of prediction markets, digital assets, and financial crime risk, covering the regulatory and tax landscape for emerging event contract platforms alongside practitioners from BitAML and the Association of Certified Financial Crime Specialists. ETHDenver The Compliance Era: How Tax Regulation Is Reshaping Web3 A presentation on the evolving regulatory and tax compliance landscape for Web3 projects and participants, covering how IRS reporting requirements and broker regulations may reshape how the industry operates. TABConf The Compliance Era: How Tax Reporting Infrastructure and Policy Are Reshaping Bitcoin Markets An accepted main stage session on how Form 1099-DA reporting works and what is coming in future years, the account-based cost basis methodology under Revenue Procedure 2024-28, and how the IRS automated matching system converts 1099-DA data into enforcement notices and audits. TABConf Demystifying Bitcoin Tax: A Guide to the Current Regulatory Landscape A practical guide to Bitcoin taxation and the current regulatory framework, covering cost basis methods, IRS reporting requirements, and common compliance challenges for Bitcoin holders and traders. Patrick has been a recurring speaker at TABConf since 2023, presenting on Bitcoin taxation and digital asset compliance topics each year. NFT NYC NFT Tax Readiness: How to Scale Your Back Office for the Bull Run A presentation on building scalable tax and accounting infrastructure for NFT projects and digital asset businesses ahead of increased IRS enforcement and broker reporting requirements. Media Podcast The Financial Frontier A podcast covering digital asset taxation, Web3 accounting, and the regulatory developments shaping the cryptocurrency and prediction market industries. Episodes feature interviews with former IRS officials, industry leaders, tax practitioners, and policymakers on the evolving compliance landscape. YouTube Patrick Camuso CPA In-depth analysis of digital asset tax developments, prediction market taxation, Form 1099-DA compliance, cost basis reconstruction, and Web3 accounting strategies for investors, traders, and Web3 businesses. LinkedIn Patrick Camuso CPA Ongoing commentary on digital asset taxation, prediction market tax developments, IRS guidance, Form 1099-DA compliance, and Web3 accounting strategy. Patrick maintains an active LinkedIn audience of crypto investors, traders, Web3 founders, accounting practitioners, and tax professionals. Television WCCB Charlotte Money Monday: Cryptocurrency Explained Patrick Camuso joined WCCB News Rising for a Money Monday segment breaking down the fundamentals of cryptocurrency and blockchain, what investors should weigh before buying digital assets, and what the new federal crypto tax reporting rules mean for investors. Press Coverage Moneywise IRS Has No Guidance on How Prediction Market Winnings Are Taxed Moneywise coverage of the unresolved federal tax treatment of prediction market winnings as World Cup trading volume passed $25 billion, citing Camuso CPA on why Kalshi issues only a partial 1099-B covering gross proceeds without cost basis and how reporting differs across Kalshi, Polymarket, and Robinhood event contracts. MarketWatch I'm retired and lost all of my IRA contributions to a crypto scam. 6 people are wanted in connection with the scam, yet I still owe a tax bill. Help. MarketWatch Picks coverage of a retiree whose IRA was drained by an overseas cryptocurrency scam and who still owed tax on the lost funds, featuring Patrick Camuso on why a distribution reported on Form 1099-R is generally taxable as ordinary income regardless of what happens to the money afterward, why the early withdrawal penalty still applies, and when a scam loss may instead qualify as a deductible transaction entered into for profit. Tax Notes Today State New York Suit Argues Prediction Market Platforms Should Register, Pay Tax Tax Notes coverage of New York's suits against Coinbase Financial Markets and Gemini Titan over alleged failure to register and pay gambling taxes on prediction market activity, featuring Patrick Camuso's analysis of the state tax framework questions raised for operators active across both sports betting and prediction market products. Forbes Leading the Charge on Crypto-Accounting Forbes coverage of Patrick Camuso's work in the digital asset accounting space, published alongside his recognition on the 2025 Forbes Best-In-State CPAs list. Wired Nobody Knows How to File Taxes on Prediction Market Wins and Losses Wired coverage of the unresolved tax treatment of prediction market winnings and losses as the April 15 filing deadline approached, highlighting the absence of IRS guidance and the compliance challenges facing participants. Accounting Today 1099-DA Rules Have a Gross Problem in 2026 Coverage of the preparer liability and cost basis reconciliation challenges created by the first active 1099-DA tax season, featuring Patrick Camuso on why treating broker-issued forms as a black box carries meaningful risk for signing preparers. Bloomberg Tax First Batch of Tax Forms for Crypto Transactions Sow Confusion Coverage of the first wave of 1099-DA reporting statements and the compliance challenges investors and advisors may encounter navigating cost basis reporting requirements. ForkLog Taxation of Prediction Market Winnings Confounds Experts International crypto publication coverage of the unresolved tax treatment of prediction market winnings, including the compliance challenges facing U.S. traders using platforms like Kalshi and Polymarket. MarketWatch This Super Bowl, the game to watch is prediction markets versus sportsbooks Coverage of the rapid growth of prediction markets and the regulatory and tax questions that may follow as platforms like Kalshi and Polymarket expand. Morningstar This Super Bowl, the game to watch is prediction markets versus sportsbooks Coverage of prediction market growth and the emerging tax treatment questions for participants. Business Insider Tax Pro Who Won Big on Kalshi Betting Against DOGE Wants IRS Guidance Business Insider coverage of prediction market taxation and the need for IRS guidance on how winnings may be classified and reported. Yahoo Finance A Google engineer bet $2.7M on Polymarket using secret search data — and walked away with $1.2M in profit Yahoo Finance coverage of the Google engineer Polymarket insider trading case, citing Patrick Camuso's analysis of the Section 1256 contract tax treatment that may apply to certain prediction market gains. Distributed across the Yahoo Finance network with a monthly audience exceeding 250 million. AOL Google engineer charged with abusing search data on D4vd, Pope Leo, and Kanye West's wife, Bianca Censori, to make $1.2 million on Polymarket AOL coverage of the Google engineer Polymarket case, citing Patrick Camuso's analysis of the Section 1256 prediction market tax framework. Distributed across AOL's U.S. and international networks including AOL UK. Moneywise Google engineer charged in Polymarket bet Moneywise coverage of the Google engineer Polymarket case by reporter Danielle Antosz, citing Patrick Camuso's analysis of how Section 1256 contract tax treatment may apply to certain prediction market gains. The article was syndicated nationally and internationally to Yahoo Finance, AOL US, and AOL UK. Vice People Who Own Cryptocurrency Are Getting Slammed With More Taxes Than They Expected Early coverage of the crypto tax compliance gap, featuring Patrick Camuso on the common misconceptions cryptocurrency holders had about like-kind exchange rules and taxable trade events. BitAML Navigating Crypto Taxation with Patrick Camuso An in-depth interview covering crypto reporting requirements, NFT sales tax compliance, IRS enforcement trends, and best practices for businesses and investors navigating digital asset taxation. Accounting Today Camuso CPA has been featured in Accounting Today across a range of articles covering digital asset tax policy, IRS reporting rule changes, and practice management in the crypto accounting space. Press and Media Inquiries Patrick Camuso is available for media inquiries, expert commentary, and speaking opportunities on digital asset taxation, IRS reporting requirements, prediction market taxation, cryptocurrency compliance, and Web3 accounting.
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