Navigate Cryptocurrency Tax Challenges with Expert CPA Services
At Corridor Consulting, we understand the complexities of cryptocurrency investments and the unique challenges they present when filing taxes. Whether you’re dealing with unfiled returns, reconciliation discrepancies, or navigating IRS regulations, our experienced CPAs are here to guide you through every step.
Why Choose Us for Your Crypto Tax Needs?
Comprehensive Cryptocurrency Expertise
We have acquired specialized knowledge in managing crypto transactions, including trading, staking, ICOs and transfers across various exchanges and wallets. Additionally we have expertise in handling data from both active and defunct platforms like Cryptopia, Binance, and Poloniex.
Tailored Reconciliation Services
We use advanced tools like koinly.io & cointracking.info and manually reconcile data when necessary, ensuring thorough and accurate tax reporting. While crypto tax software helps, it often is incorrect and that is where our expertise in crafting customized strategies for each client comes into play. A majority of taxpayers who have participated in crypto have missing or incomplete transaction data, with our expertise in handling tax situations we are able to assist taxpayers in this very scenario.
Proactive Tax Planning and Compliance
We offer a detailed review of past transactions to correct any potentially costly errors, ensuring you’re only paying what you owe. Additionally we can offer guidance on IRS correspondence and audit preparation, providing peace of mind in case of scrutiny. Even when Treasury & Internal Revenue Service (IRS) begin to implement the new 1099-DA for cryptocurrency exchanges/brokers, tax advisors will need to work with their clients to understand their transactions and possibly adjust their client’s tax statements for cost basis issues. These issues can drastically impact a taxpayer’s taxable gain or loss.
Personalized Consultation and Support
Initial detailed consultation via our Discovery Session is designed to understand your specific situation, followed by a structured plan to serve your crypto and tax needs. We’re committed to working with taxpayers to overcome complex issues to present them accurately to the IRS.
Flexible and Fair
Cryptocurrency transactions can be challenging or downright complex. Because of this, we advise our clients to have us do an initial diagnostic of their cryptocurrency transactions. This allows us to accurately figure out the scope of services your case will possibly need, and facilitates us being transparent with our services.
Get Started Today
Take the first step towards resolving your cryptocurrency tax issues by scheduling a Discovery Session now. Our experts are ready to provide the guidance and support you need to navigate the ever-evolving landscape of crypto taxation, & tax debt relief and resolution.