Crypto Tax CPA
in Texas
Licensed Help for Crypto Investors , Remote, Federal, All 50 States
Reviewed by Leanne Grant, Enrolled Agent · Updated: May 2026
Phone: (858) 434-7547
Most clients book a 15-minute call within 24 hours.
Key Facts About Crypto Taxes in Texas
- Texas has no state income tax, crypto gains are taxed only at the federal level.
- Texas is the #1 state for Bitcoin mining hashrate in the U.S.
- Texas franchise tax may apply to mining businesses exceeding $2.47M in revenue.
- Austin is a top tech hub with a large crypto investor and developer population.
- Federal crypto tax preparation by a CPA licensed in any state is legally valid for Texas residents.
Texas has no state income tax and accounts for the largest share of U.S. Bitcoin hashrate, making it the epicenter of American crypto mining. Residents from Austin to Houston to Dallas pay only federal tax on crypto gains. But federal complexity, mining income, DeFi yields, cross-chain swaps, and cost-basis reconstruction, requires expert preparation. We help Texas crypto investors and miners reconcile their on-chain activity and file accurate federal Form 8949 returns. Garrett Taylor, CPA #133092, prepares federal returns for clients in all 50 states.
Why Texas Crypto Investors Choose COS Elite
Texas has no state income tax and has become the #1 destination for crypto mining operations in the U.S., the state now accounts for the largest share of Bitcoin hashrate nationally. Austin's tech scene and Houston's energy expertise have created a massive crypto investor population that needs expert federal preparation.
With a population of 31.3 million, Texas is home to a significant and growing community of cryptocurrency investors , from Austin to Fort Worth. Whether you hold Bitcoin, Ethereum, DeFi positions, or NFTs, every transaction creates a federal tax event that must be reported on IRS Form 8949 and Schedule D.
COS Elite provides remote crypto tax preparation for Texasresidents. Garrett Taylor, CPA #133092, is a California-licensed CPA authorized to prepare federal crypto tax returns for clients in all 50 states. Because federal tax law is uniform, your federal return preparation is the same quality whether you're in Austin or anywhere else.
Texas Tax Treatment of Cryptocurrency
Texas has no state income tax, so your cryptocurrency gains are taxed only at the federal level. While this simplifies the state side, federal crypto tax rules are complex, every trade, swap, DeFi yield event, airdrop, and NFT sale must be reported on Form 8949 and Schedule D. A crypto-specialized CPA ensures nothing is missed.
Federal Crypto Tax Treatment (Applies in Texas)
Common Crypto Tax Issues in Texas
Missing or incomplete cost basis
Exchanges lose data, wallets get abandoned, and chain history gets fragmented. Reconstructing accurate cost basis across years of trading is the #1 challenge we solve.
DeFi and cross-chain complexity
Liquidity pool entries, yield farming, cross-chain bridges, wrapped tokens, and restaking events each create taxable moments that most software misses or misclassifies.
Unreported prior-year activity
Many crypto investors discover years of unreported trades after receiving an IRS letter. We help with back-year reconstruction, voluntary disclosure, and getting compliant without panic.
Largest Bitcoin mining state in the U.S. with complex mining income reporting
Austin tech workers with token compensation and DeFi positions
Energy industry professionals with both commodity and crypto tax complexity
Former California residents establishing Texas domicile with large crypto portfolios
How COS Elite Serves Texas Residents
Our remote engagement works seamlessly from anywhere in Texas. Four steps, start to finish.
Onboard
You book a free 15-minute call. We review your situation, exchanges, wallets, and DeFi activity. You get a fixed-fee quote before committing.
Reconcile
We pull your full on-chain history, map every transaction to its tax treatment, and reconstruct cost basis across all chains and wallets.
Review
Garrett prepares your return. Leanne Grant, Enrolled Agent, reviews for accuracy. Every position is documented, every basis adjustment explained.
File
Your federal return is filed electronically. State returns are coordinated as needed. You get a complete copy of all workpapers for your records.
Pricing & Engagement
Initial Deep Dive
Comprehensive review of your crypto activity, tax position, and strategy options. Fixed fee, no surprises.
Individual Return
Full federal tax return preparation with crypto reconciliation. Scales with complexity. Fixed fee quoted after initial call.
All fees are quoted in writing before you commit. We accept cryptocurrency payments via Coinbase Business.
About Garrett Taylor
Garrett Taylor, CPA
CPA #133092 · California · Federally Authorized
Garrett Taylor is a California-licensed CPA (#133092) with Big Four and family office experience. Because federal tax law is uniform across all 50 states, Garrett can prepare federal crypto tax returns for any U.S. resident, including Texas residents. State-level filings are coordinated as needed. Garrett specializes in cryptocurrency taxation, DeFi compliance, and digital asset reconciliation.
Leanne Grant, EA
Enrolled Agent · IRS-Authorized · Reviewer
Leanne Grant is an IRS-enrolled agent who reviews every return prepared by COS Elite. Enrolled Agents are federally licensed tax practitioners authorized to represent taxpayers before the IRS. Leanne's review adds an additional layer of accuracy and compliance assurance to every Texasclient's return.
Frequently Asked Questions
Have a question that isn't here?
Ready to Get Your Crypto Taxes Done Right?
Book a free 15-minute call with Garrett or call us directly. We serve Texas residents remotely.