Crypto Accounting & Tax Services

Specialized cryptocurrency accounting and tax services provided by a team of crypto tax CPAs, crypto tax accountants, and crypto tax lawyers. Founder's CPA navigates the complex and evolving tax and accounting treatment of cryptocurrency transactions for both individual investors and crypto businesses.

Individual Crypto Tax Services

Crypto Tax Return Preparation: Comprehensive tax return preparation for individuals with cryptocurrency transactions including trading gains and losses across exchanges, staking rewards and DeFi yield, NFT sales and purchases, airdrops and forks, crypto donations, and mining income.

Cost Basis Tracking: Accurate tracking of cost basis across wallets and exchanges using appropriate accounting methods (FIFO, LIFO, specific identification).

Form 8949 Preparation: Detailed Form 8949 reporting of capital gains and losses from cryptocurrency sales and exchanges.

Transaction Reconciliation: Reconciliation of transactions across multiple exchanges, wallets, and DeFi protocols.

Crypto Tax Software Integration: Integration with crypto tax software platforms like CoinTracker, Koinly, or TokenTax for transaction aggregation.

Business Crypto Tax & Accounting Services

Crypto Business Returns: Tax return preparation for crypto and blockchain businesses including crypto exchanges and trading platforms, mining operations, blockchain infrastructure companies, NFT marketplaces, DeFi protocols, and DAOs (Decentralized Autonomous Organizations).

Dual-Currency Bookkeeping: Maintenance of books in both fiat currency and cryptocurrency with proper conversion and reconciliation.

Crypto Asset Accounting: Accounting for cryptocurrency holdings as inventory, property, or intangible assets depending on business model.

Fair Value Accounting: Fair value measurement and mark-to-market accounting for crypto holdings.

Wallet & Exchange Reconciliation: Reconciliation of blockchain wallet transactions and exchange transactions to accounting records across multiple wallets, chains, and platforms (Coinbase, Kraken, Binance, etc.).

Revenue Recognition for Crypto Businesses

Trading Fee Revenue: Revenue recognition for cryptocurrency exchange trading fees and commissions.

Staking Revenue: Accounting for staking service revenue and validator rewards.

Protocol Fee Revenue: Revenue recognition for DeFi protocol fees and yields.

NFT Marketplace Revenue: Accounting for NFT marketplace transaction fees and royalties.

Token Sales: Proper accounting for token sale proceeds including allocation between different sale stages (private, public, etc.).

Crypto Tax Planning

Tax Loss Harvesting: Strategic realization of crypto losses to offset gains and reduce tax liability.

Holding Period Management: Planning to achieve long-term capital gains treatment where possible.

Entity Structure: Guidance on optimal entity structure for crypto businesses (C-Corp, partnership, etc.).

Donation Strategies: Tax-efficient charitable donation of appreciated cryptocurrency.

Staking Tax Planning: Planning around tax treatment of staking rewards and validator income.

Compliance & Reporting

FBAR Reporting: Foreign Bank Account Report (FBAR) filing for crypto held on foreign exchanges.

FATCA Reporting: Foreign Account Tax Compliance Act reporting where applicable.

FinCEN Form 114: Completion of FinCEN Form 114 for foreign financial account reporting.

IRS Audit Support: Representation in IRS audits involving cryptocurrency transactions.

CFO Advisory for Crypto Companies

Fractional CFO services providing crypto startups and blockchain companies with senior-level CFO expertise including strategic financial leadership, financial planning and analysis, board reporting, fundraising leadership, and investor relations tailored to crypto-specific business models.