CPA-prepared federal and state returns from reconciled records. We tie out 1099-DA, prepare the schedules, and sign.
200+ exchanges supported. $199 / 30 minutes to scope the filing.
Crypto tax help starts by finding the break between source records and the return. Select a warning below to see why software output, broker reporting, and prior filings can disagree before a CPA resolves the record and prepares the filing.
A draft report and the form sent to the IRS are telling different stories.
Tie every reported disposal back to the reconciled ledger before filing.
Crypto tax preparation includes transaction reconciliation, 1099-DA tie-out, and preparation of the federal and state returns that apply to your activity. Tap any form to see what it reports and where its totals flow. A licensed CPA reviews the completed filing and signs it as paid preparer.
Each taxable disposal with acquisition date, sale date, proceeds, cost basis, and gain or loss.
Short-term and long-term totals flow into Schedule D.
Choose the free intro or the $199 strategy consultation, then pick a date and time right here.
Preparation moves through four visible gates: scope, reconcile, prepare, and file. Select a stop on the rail to see what you provide, what COS Elite completes, and what leaves that stage. Timing begins after requested records and reconciliation work are complete.
Share filing years, platforms, prior returns, and what looks wrong.
Map the filing scope, identify reconciliation needs, and send the engagement with a fixed fee in writing.
* Most complete current-year engagements. Multi-year, missing-data, high-volume DeFi, entity, and amended-return work can take longer.
Garrett prepares and signs the return as paid preparer. Leanne Grant, EA #00167954-EA provides the second licensed review. Your consultation is with the professional responsible for the filing scope, not a pre-screener.
Our crypto tax services cover current-year preparation, amended returns, multi-year catch-up filings, estimated payments, digital asset reconciliation, IRS notice response, and planning before major disposals. Each engagement is scoped around the filing work and supporting records you need, with the return prepared from reconciled figures.
Crypto tax return preparation ends with a filing package, not a loose software export. Open the package spine to inspect each return, schedule, tie-out, and support record included when it applies to your scope. The completed filing is prepared and signed by a licensed CPA.
Every disposal documented with acquisition date, proceeds, cost basis, gain or loss, and the short-term or long-term total carried to Schedule D.
The common thread is not portfolio size. It is a return whose data, classifications, or history cannot be trusted without review. Select a portfolio profile to see the filing signals and forms that usually shape the preparation work.
Hundreds or thousands of trades across centralized and decentralized exchanges. Cost basis has to stay consistent across every disposal.
Professional crypto tax help is most useful when a return includes DeFi, several exchanges or wallets, missing cost basis, high transaction volume, prior-year gaps, or entity activity. Move the threshold to the closest situation and see where software ends and CPA-led preparation becomes useful.
Professional crypto tax help is usually the right fit.
Classification, basis, income, and broker reporting need one reconciled record.
Book a scope review, then gather the records below. We review filing years, platforms, transaction volume, and missing data before confirming the full document request, expected timeline, and fixed fee. Check each item to assemble a sample secure-upload folder for review.
Direct answers to the filing questions clients ask before a crypto tax preparation engagement begins.
The standard deadline is April 15 for individual returns.
We can file a six-month extension if needed, but taxes owed are still due by the original deadline. For clients with foreign accounts or entities, additional deadlines may apply for FBAR and Form 8938 reporting.
Yes.
We regularly amend returns where crypto transactions were misreported or omitted entirely. The IRS generally reviews tax returns within three years of the original filing date, and in many cases we recover overpaid taxes or correct positions before they attract scrutiny.
We classify each DeFi interaction by its economic substance, whether it creates a taxable disposition, generates ordinary income, or is a non-taxable transfer.
This includes LP deposits and withdrawals, wrapped token conversions, cross-chain bridges, and governance reward claims.
The one in place when each asset was sold.
For 2025 and later sales, specific identification (including a standing instruction such as HIFO) counts only if it was made by the time of the sale; otherwise FIFO applies separately to each wallet or account, and a method cannot be picked after the fact at filing time. For earlier years, we apply the method you actually used consistently and retain the supporting transaction records used for the return.
We reconcile transaction data across centralized exchanges, decentralized exchanges, hardware wallets, and on-chain activity.
The process traces transfers between your own accounts so the same movement is not treated as both a transfer and a taxable disposal.
When exchange history is missing, we reconstruct transaction records using blockchain activity, wallet tracing, and available export files.
This can rebuild cost basis and transaction flow when a platform no longer provides full historical data, but the available evidence determines how much can be supported.
Yes.
We reconstruct wallet-to-wallet activity and identify internal movements on-chain so they can be separated from taxable events. This is especially important for people who used several wallets, cold storage, and DeFi protocols without maintaining a single transfer log.
Crypto tax preparation cost depends on the number of filing years, transaction volume, exchanges and wallets, DeFi activity, entities, missing records, and whether reconciliation is already complete.
COS Elite reviews those variables before sending an engagement and fixed fee quote in writing. The initial scope consultation is $199 / 30 minutes.
Typical turnaround is 2 to 4 weeks.
The biggest factor is how quickly we receive your tax documents: the sooner we have everything, the closer you'll be to the 2-week end. If you're on a tighter deadline, we offer an expedited service for an additional fee, which also depends on getting your complete documents to us quickly.
Yes.
We can review Koinly, CoinTracker, and other crypto tax software reports, but we do not treat a generated report as final without checking its source data. We look for missing basis, unmatched transfers, duplicate transactions, unsupported classifications, and differences between the report and broker forms before preparing the return.
Yes.
State return preparation is included when it is part of the agreed filing scope. The required filings depend on residency, part-year moves, business activity, pass-through income, and other state connections. Multi-state returns may require additional allocation and supporting records.
Crypto tax software organizes transaction data and calculates draft gain, loss, and income reports.
CPA preparation adds record review, tax classification, return-level judgment, 1099-DA tie-out, federal and state form preparation, and a paid preparer who signs the return. Software can support the process, but it does not file or take responsibility for the tax positions.
Three practical guides for the questions that usually come before scoping a return. For firm-wide capabilities, see our crypto CPA services for digital asset taxes.
Start by bringing the filing years, platforms, and records you have. Garrett will identify the preparation scope, any reconciliation work required first, and the next documents needed. You will leave with a concrete filing path, not a generic software recommendation.
Need the ledger repaired before filing? See Digital Asset Reconciliation.
GARRETT TAYLOR / CPA #133092
