Cryptocurrency Tax Services for U.S. Investors

Do You Need Professional Cryptocurrency Tax Services?

Professional cryptocurrency tax services are for anyone — who sells, trades and earns or builds with digital assets and wants precision in tax reporting.

At Clarity Tax Group, we simply focus on turning messy wallets and CSV files as well as exchange histories into a well-documented tax picture — so your return is filed correctly the first time.

What Are Cryptocurrency Tax Services?

Cryptocurrency tax services present assistance in tracking, calculating and reporting each taxable crypto event on the U.S. tax return.

In IRS guidance, digital assets — like cryptocurrency — are treated as property — so each sale or trade and payment can trigger a gain or loss that should be reported. That means price history and holding period with cost basis all matter — even if the transactions happened on multiple platforms or in distinct wallets. The mentioned services can be outlined as below:

• Cleaning and standardizing export files — from wallets and exchanges
• Categorizing transactions as buys, sales, swaps and income or transfers
• Calculating gains and losses with and income by lot
• Preparing schedules and forms needed for the federal and state returns

Who Should Get Help With Crypto Taxes?

You should consider expert aid with crypto taxes in case the activities go beyond a simple buy-and-hold purchases. We can define such situations as follows:

• High-frequency trading across several exchanges
• DeFi activity like lending, staking and liquidity pools or yield farming
• NFT creation or sales and marketplace royalties
• Mining, node rewards, airdrops or referral bonuses
• Using digital assets to pay for goods & services or payroll
• Running a business that accepts cryptocurrency from customers

Once you cross into these areas, manual spreadsheets generally miss details that the IRS expects to see on the return.

How Does Crypto Taxation Work in the U.S.?

Crypto taxation in the US treats most digital assets like stocks — or other property for tax purposes. In practice, that means:

• Swapping or selling tokens can establish capital gains or losses
• Earning coins through mining or staking and work is generally ordinary income
• Spending tokens on goods or services can generate both income and gain or loss
• Even gifts and donations might carry special rules

Common Crypto Activities and Tax Treatment

*Actual treatment varies in parallel to your distinct facts and whether activity is personal or business related.

What Cryptocurrency Tax Filing Services Does Clarity Tax Group Provide?

Clarity Tax Group presents professional cryptocurrency tax filing services that organize every digital asset transaction into a clear tax return. We can outline our work as below:

• Importing and reconciling wallet and exchange data from many platforms
• Mapping on-chain records to off-chain transfers where needed
• Preparing Form 8949 with line-by-line detail for trades and swaps
• Classifying income from mining and staking activities and NFTs as well as airdrops
• Addressing frozen or inaccessible exchanges — with reasonable reconstruction methods
• Correcting prior-year returns when crypto activity was missed
• Documenting losses from theft, scams or rug pulls where rules allow a tax benefit

Each distinct engagement focuses on the actual history rather than generic templates.

Why Work With Clarity Tax Group On Crypto Taxation?

Working with Clarity Tax Group on crypto taxation provides more than simple data entry practice. Our clients choose us because we offer below features:

• Focus on digital assets in addition to traditional tax work
• Clear explanations of what is taxable and what is not
• Attention to both individual investors and establishments using tokens in daily operations
• A secure approach to handling sensitive wallet and exchange information
• Practical ideas to time sales, harvest losses and reduce unnecessary surprises

How Can You Get Started With Crypto Tax Help?

You can get started by sharing a short overview of your wallets and platforms along with prior filing history with Clarity Tax Group.

From there, we simply outline the scope, exact timing and records needed — so your cryptocurrency tax preparation moves forward in an organized way. Contact our professionals today for full compliance in crypto taxation.

FAQs

What are crypto taxes?

Crypto taxes are the income and capital gains you report — when you swap, sell and trade or earn digital assets. They fall under IRS rules for property as well as income under crypto taxation.

Who needs cryptocurrency tax services?

You may benefit from cryptocurrency tax services if you are trading often, using DeFi or NFTs, mining or staking coins, earning crypto as income or running a business that accepts digital assets.

What happens if I don’t report my crypto taxes?

If you skip reporting crypto taxes — you risk IRS notices, penalty payments, interest fees and possible audits in parallel to the information the IRS receives from exchanges and payment platforms.

Can I write off crypto losses?

Yes, many realized crypto losses can offset your capital gains — and in some cases, lower other taxable income within IRS limitations.

What is the best way to handle cryptocurrency tax filing services if I used many exchanges?

The best approach is to leverage professional cryptocurrency tax filing services that reconcile all wallets and platforms into one clean report — as part of the overall tax preparation.