Cryptocurrency Accounting & Tax Services

Kelly+Partners Advisory Services provides comprehensive cryptocurrency accounting and tax services for digital asset investors and blockchain businesses. The team specializes in navigating the complex and evolving landscape of crypto taxation, helping clients achieve full IRS compliance while optimizing their tax positions.

Services Included

Transaction Analysis & Gain/Loss Calculations

The firm processes complex cryptocurrency transaction histories across multiple exchanges and wallets, calculating capital gains and losses for each taxable event. Whether clients have hundreds or thousands of transactions, the team untangles the complexity to determine accurate net gains and losses.

Form 8949 & Tax Return Preparation

Complete preparation of IRS Form 8949 (Capital Gain or Loss Summary Report) and related tax forms, ensuring proper reporting of all cryptocurrency transactions. The team stays current with evolving IRS requirements including the new Form 1099-DA reporting standards effective in 2025.

DeFi Tax Compliance

Specialized expertise in decentralized finance taxation including yield farming, liquidity pool participation, staking rewards, lending and borrowing activities, and automated market maker interactions. The team understands the unique tax implications of DeFi protocols.

NFT Taxation

Guidance on the tax treatment of non-fungible tokens including creation, sales, purchases, and royalty income. The firm helps NFT creators and collectors understand their capital gains obligations and reporting requirements.

ICO Support

Advisory services for cryptocurrency startups raising capital through Initial Coin Offerings, including budget planning, financial security structuring, and tax categorization optimization to improve ICO potential and maintain regulatory compliance.

Crypto Derivatives Tax Calculations

Expert handling of crypto derivatives including futures, options, and perpetual contracts, ensuring proper tax treatment as capital gains or losses based on short-term or long-term holding periods.

Transaction Tracing

Blockchain analysis services to track and trace cryptocurrency assets, determine original ownership, and follow the movement of funds. This service is valuable for recovering lost investments or documenting transaction histories.

Cryptocurrency Bookkeeping for Business

Ongoing bookkeeping services for businesses that accept or transact in cryptocurrency, helping establish reliable systems for tracking and managing digital asset transactions while staying compliant with changing regulations.

Target Clients

The service is designed for cryptocurrency traders and investors with complex portfolios, DeFi participants, NFT creators and collectors, crypto mining operations, blockchain startups, and businesses accepting cryptocurrency payments.