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Welcome to Crypto Tax Man where we take the stress out of crypto taxes!
In October of 2019 the IRS has released a long awaited guidance to clarify some topics relating to the original 2014 crypto tax guidance. See below to familiarize yourself with the original and newly released notices.
Knowing your options for reporting your cost basis is crucial!
The IRS holds individual investors responsible for reporting cost basis accurately, so knowing your options as an investor is very important. In the traditional securities markets, your broker will typically record and transfer cost basis for the investors. Cryptocurrency trading is still in it's infancy, therefore, these options either are not available, or they will not be applied when trading on multiple exchanges.
Tax Time Topics: Cost Basis, What You Need to Know
What we strive to do for clients....
Our Process is easy!
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We partner with many professional to make sure we can provide you with the best service possible.
Click on the link to find help through one our professional partners!
Core Wealth Planning - Retirement Planning, Wealth Management, Estate Planning, Tax Planning
Sheree Radakovich CPA LLC - CPA
Cointracking - Cryptocurrency Tracking and Tax Reporting
Navigating the complexities of cryptocurrency capital gains and losses can be daunting, particularly during tax season. That's where Crypto Tax Man steps in, making the process straightforward and stress-free for you!
Here's how we help:
Comprehensive Support: We pull your trade history reports or connect your exchange APIs, handling everything from single-exchange to multi-exchange reconciliations.
Tailored Solutions: Whether you've traded on one exchange or twenty, our customizable crypto packages are designed to fit your unique needs perfectly.
Transparent Pricing: Our pricing plans are clear and affordable, created to avoid any price adjustments during the reconciliation process. We believe in full transparency to ensure you're never caught off guard by unexpected costs.
Expert Assistance: Once your crypto tax reconciliation is complete, one of our CPA partners can file your taxes for an additional fee. This service is available if you don't have a CPA or prefer not to file your own tax return.
Our mission is to make crypto tax reconciliation as seamless as possible for both individuals and business owners. Choose Crypto Tax Man for a hassle-free, efficient, and professional approach to managing your crypto taxes.
A+++ After downloading and reading through the IRS guidelines for declaring crypto assets, I felt completely overwhelmed. I searched through multiple posts on Reddit and other sites which were filled with conflicting interpretations of the tax code. After 3 months of research I was about to throw in the towel when I stumbled across Crypto Tax Man. With their assistance I was able to figure out the best way for me to fully comply with the IRS guidelines while still declaring the significant losses that I had during early 2018. Highly recommend Crypto Tax Man's services if you are planning on seriously trading and investing in the wild west of Crypto assets.
Joshua Sands
Crypto Tax Specialist / Founder
At Crypto Tax Man, we are a dedicated team of financial professionals with decades of experience navigating the financial industry. As passionate crypto traders and enthusiasts, our mission is to leverage our extensive industry knowledge to help fellow crypto traders accurately complete their crypto capital gains or losses.
Before 2010, cost basis records for traditional securities trading were not required to be transferred between brokers, making the process very manual. Today, navigating crypto trading involves similar challenges. If you're trading on multiple exchanges, selecting the proper reporting and cost basis method can save you significant amounts in taxes.
Our commitment is to ensure that each client's crypto tax reporting is timely, accurate, and tax-efficient. We strive to make the process seamless, helping you maximize your savings and minimize stress. Choose Crypto Tax Man for expert guidance in your crypto tax journey.