If you are thinking about working with us but still have a few questions, get all the answers here. Our goal is to make the process of filing your crypto taxes clear, simple and straightforward. Although doing your taxes is never fun, we do our very best to make it as easy as possible.
If you have any questions after reviewing this page, please feel free to get in touch.
Our Tax Process
We are able to make the process of filing taxes fast and easy by providing our clients with an online system for working with us remotely and do our best to make the tax filing process as simple as possible. If you’re a new client, here is a simple break down of our process for preparing and file crypto taxes:
- Step 1: Sign up using our Client Intake Form and make payment of the $500 deposit.
- Step 2: Fill out our comprehensive tax questionnaire and upload your tax documents to our secure client portal.
- Step 3: We’ll get started on your tax return. Along the way, we’ll follow up with you if we need additional information or find deductions that you might be able to use on your tax return.
- Step 4: We’ll upload the draft of your tax return to our client portal where you can review it safely and securely. Once you approve, we’ll file your tax return.
- Step 5: You’re done! After your tax return is filed, you can relax for the rest of the year. We’re available year-round if you want to discuss tax planning strategies or other opportunities for reducing your taxes next year.
If you have more questions about filing your crypto taxes, please visit our FAQs. Do you have a question or problem that we haven’t covered here? Get in touch! We’re always here to help.
Other Frequently Asked Questions
We are a law office based in Reno, Nevada; but we help clients throughout the United States and internationally.
We communicate with clients primarily via email and telephone. For clients living abroad or without reliable phone service, we can also communicate via skype audio. Our office is open M-F from 8:00am to 5:00pm PST.
We make it easy to pay for your crypto tax services by accepting all major credit cards, in addition to bitcoin and other cryptocurrencies. If you want to pay via cryptocurrency, please email us to request a payment address.
We use a secure client portal called Onvio for exchanging tax documents. Onvio is protected by the same 256-bit encryption you would find on any bank’s website. This is not only more secure than sending documents via email, it’s also much better organized and helps prevent documents from falling through the cracks.
We need all of your “standard” tax documents, such as W-2s, 1099s, and 1098s, as well as your crypto tax records. We have prepared an in-depth article explaining which documents we need for both your tax return and your crypto calculations.
All of our tax preparers are tax attorneys, CPAs, or IRS Enrolled Agents who have extensive and specific experience with cryptocurrency taxation. You can view our entire team to better understand their backgrounds and experience here.
You will be assigned a tax preparer (either a tax attorney, CPA, or an IRS Enrolled Agent) upon signing up, and this tax professional will prepare your tax return for you. Tyson Cross supervises all tax return preparation and usually handles most crypto tax calculations personally. Unlike other crypto tax services, we never outsource your tax return to third party preparers. We keep everything in-house to make sure you get the best service possible.
When it comes to crypto taxes, experience is critical. As one of the first tax firms to specialize in cryptocurrency taxation, we’ve helped clients with every conceivable crypto tax issue. All of our tax professionals are tax attorneys, CPAs or IRS Enrolled Agents with extensive and specific experience with cryptocurrency taxation. Our tax professionals will work with you to prepare your return and answer any questions you have before, during, and after your return has been prepared. We do our best to make the crypto tax filing process as simple as possible for you. We also believe in honest, transparent, flat-fee pricing. All our prices are listed openly for you to review and understand before you engage with us.
Although you may feel comfortable preparing your tax return under normal circumstances, cryptocurrency taxation is often very complex. There are additional forms and schedules that must be filed, and you may need to report foreign crypto accounts with an FBAR or Form 8938. Mistakes on your crypto taxes can be very time consuming and costly, which is made worse by the fact that the tax laws change constantly. It will take much longer to prepare your tax return if you need to learn about the additional forms and schedules, find tax software that can accommodate your needs, enter all the data, and check the return. At the end, you still are not guaranteed a correct tax return.