A skilled crypto tax accountant stays informed on tax law changes and helps clients file accurately while minimizing tax liability. Their specialized knowledge ensures you remain compliant while reducing errors.

As the IRS ramps up oversight of cryptocurrency transactions, hiring a professional crypto tax accountant is more critical than ever.

What are crypto taxes?

Crypto taxes refer to the taxes you owe on cryptocurrency transactions, such as trades, sales, staking, mining, and income from DeFi. Taxable events generally include converting crypto to fiat, trading one crypto for another, or using crypto to purchase goods and services.

Non-taxable events may include transferring crypto between wallets you own or holding assets without selling them. Working with a crypto tax accountant can help you distinguish between taxable and non-taxable events.

Use our free crypto tax calculator.

Do you need an accountant for crypto?

With crypto tax laws constantly evolving, many individuals struggle to file their taxes accurately. A crypto tax accountant can clarify confusing tax rules, such as reporting gains from staking or correctly classifying mining rewards.

Professional accountants also ensure compliance with the IRS’s stringent reporting requirements, reducing your risk of audits and penalties. If you have complex transactions, an accountant can be invaluable for tracking cost basis, calculating gains and losses, and reconciling discrepancies.

Finding an accountant for your cryptocurrency needs

When searching for a crypto tax accountant, prioritize professionals with proven experience in cryptocurrency taxation. Look for accountants who:

• Understand how to report trades, staking, and mining accurately.

• Are familiar with IRS forms like 8949, 1099-MISC, and FBAR.

• Offer transparent pricing and personalized advice.

At TokenTax, we provide services from generating crypto tax reports to offering dedicated accountants for personalized assistance.

Is hiring a crypto tax accountant worth it?

Hiring a tax accountant is often worth the investment for crypto traders and investors. Beyond calculating gains and losses, a crypto tax accountant ensures compliance with IRS regulations, identifies potential deductions, and helps optimize your overall tax strategy.

With the IRS increasingly focused on crypto transactions, partnering with a knowledgeable accountant can save time, reduce stress, and minimize tax liability.

Why you should hire a crypto tax accountant

Crypto taxes are complex due to unique factors like fluctuating valuations, decentralized platforms, and diverse taxable events. A crypto tax accountant stays updated on evolving tax laws and ensures your filings are accurate and complete.

Whether navigating DeFi income or reconciling discrepancies across multiple exchanges, a crypto tax accountant helps you file confidently and avoid costly mistakes.

Learn more in our DeFi tax guide.

What does your crypto tax accountant need to file your taxes

Your accountant will need:

• Detailed records of trades, sales, staking rewards, and mining income.

• CSV exports from exchanges or crypto tax software.

• Documentation for taxable events, including cost basis and fair market value at the time of transactions.

TokenTax makes gathering this information easy with our seamless integration for wallets and exchanges.

Costs for a professional crypto CPA

Crypto CPAs charge between $50 and $400 per hour, depending on their expertise and the complexity of your transactions. Many offer tiered packages or flat fees, which may include filing, consulting, or audit support.

Our services at TokenTax start at $65 per year, with VIP packages—including a dedicated accountant—starting at $3,499.

Tips for working with a crypto tax accountant

To make the most of your partnership with a crypto tax accountant:

• Provide complete records of your crypto activity.

• Communicate your trading goals and any concerns upfront.

• Ask about strategies for minimizing taxes, such as tax-loss harvesting or long-term capital gains.

Collaborating effectively ensures your accountant can deliver the best possible results.

TokenTax crypto tax services

TokenTax simplifies crypto tax filing with:

• Automatic syncing with exchanges and wallets.

• Comprehensive tax form generation, including Form 8949 for cryptocurrency.

• Access to crypto tax experts for personalized support.

Questions to ask before hiring a crypto tax accountant

To ensure you hire the right accountant, ask:

• How experienced are you with crypto taxes?

• Can you handle complex transactions across multiple exchanges?

• What’s your process for reconciling discrepancies in records?

• Do you offer audit support if needed?

Choosing an accountant who understands crypto ensures you receive accurate, reliable tax assistance.