LEADING THE CRYPTO ACCOUNTING SPACE
8+
YEARS OF CRYPTO TAX EXPERIENCE
EXPERT CRYPTO TAX ACCOUNTING
At Bit Bookkeeper, we specialize in simplifying cryptocurrency taxation for traders, investors, and businesses. Whether you are dealing with complex IRS crypto regulations or need to maximize deductions on your crypto transactions, our expert accountants ensure a stress-free tax filing experience.
How We Handle Your Crypto Taxes
Our streamlined process ensures accuracy and compliance with minimal effort from you.
1️⃣ Data Collection – We gather transaction data from wallets, exchanges, and DeFi platforms
2️⃣ Tax Optimization – Identify applicable deductions and tax-saving strategies
3️⃣ IRS Reporting – Generate accurate tax forms for easy filing
4️⃣ Audit Support – If needed, we provide expert representation
Blockchain and Digital Asset Services
Why Choose a Crypto Tax Accountant?
Handling cryptocurrency taxes isn't like traditional accounting. The IRS classifies cryptocurrency as property, which means every transaction—buying, selling, staking, mining, or receiving crypto as payment—may trigger a taxable event. Our crypto tax professionals stay ahead of the ever-changing tax laws to ensure full compliance while maximizing tax-saving opportunities.
✔ IRS-Compliant Crypto Tax Reports – Avoid audits & penalties
✔ Transaction Tracking & Reconciliation – From DeFi to centralized exchanges
✔ Maximized Deductions – Reduce tax liabilities on crypto gains
✔ Specialized in Business & Individual Taxation
Benefits of Professional Crypto Tax Accounting
Handling crypto taxes yourself can be time-consuming and risky. A professional crypto tax accountant ensures:
✔ Accurate Tax Filings – Avoid mistakes that lead to IRS penalties
✔ Tax Optimization Strategies – Save money legally on crypto transactions
✔ Secure & Compliant Reports – Ready for audits if needed
✔ Time Savings – Let us handle the numbers while you focus on trading & investing
IRS Crypto Tax Regulations Explained
How to Report Crypto Gains to the IRS
Crypto Tax Loopholes You Should Know
The IRS has clear guidelines for how cryptocurrency should be taxed. Here’s what you need to know:
-
Capital Gains Tax – Selling crypto at a profit? It’s taxable!
-
Mining & Staking Income – Considered taxable income by the IRS
-
Crypto-to-Crypto Trades – Swapping Bitcoin for Ethereum? That’s a taxable event
-
DeFi, NFTs & Airdrops – All require proper tax reporting
Failing to report crypto transactions accurately can result in IRS audits or hefty penalties. Our team ensures that your filings comply with IRS Notice 2014-21 & 1099-K reporting requirements.
Reporting crypto gains accurately is crucial for compliance. Here’s a quick breakdown:
1️⃣ Determine Cost Basis – Track purchase price & transaction history
2️⃣ Calculate Capital Gains/Losses – Short-term vs long-term tax rates apply
3️⃣ File with IRS Forms – Use Form 8949 & Schedule D for gains and Schedule 1 for other income sources
4️⃣ Seek Professional Help – A crypto tax accountant simplifies the entire process
Want to legally reduce your crypto tax liability? Consider these strategies:
💡 Tax-Loss Harvesting – Offset gains by selling underperforming assets
💡 Long-Term Holding – Lower capital gains tax for assets held over a year
💡 Gifting Crypto – Reduce taxable income by gifting crypto (within IRS limits)
💡 Crypto IRA Accounts – Invest in crypto tax-free through retirement accounts
Our tax professionals help identify the best tax-saving strategies for your situation.
❌ Ignoring IRS Rules – Failing to report transactions can lead to penalties
❌ Not Tracking Cost Basis – Missing out on deductions & accurate tax calculations
❌ Underreporting Staking & Mining Income – These are taxable as income
❌ Mixing Business & Personal Crypto – Proper categorization is crucial for tax savings
Avoid these mistakes by working with Bit Bookkeeper, where accuracy meets compliance.
Common Mistakes in Crypto Tax Filing
THE BIT BOOKKEEPER ADVANTAGE
Bit Bookkeeper is dedicated to simplifying crypto tax compliance and accounting. We provide tailored solutions for individuals and businesses engaged in cryptocurrencies, ensuring accurate records and informed financial strategies.
COMPREHENSIVE CRYPTO SERVICES
Our range of services is designed to meet the diverse needs of the crypto community, from tax planning and compliance to bookkeeping and financial reporting, all focused on empowering your financial success in the crypto world.
CLIENT-CENTRIC APPROACH
We prioritize understanding our clients' unique crypto tax and accounting needs, delivering personalized services with a dedicated focus on ensuring compliance, accuracy, and strategic financial management in the crypto landscape.
ACCURATE CRYPTO RECORD-KEEPING
Our meticulous approach to crypto record-keeping sets us apart, providing reliable and precise financial records for crypto assets and transactions, essential for navigating the complexities of crypto tax regulations.
TRUSTED CRYPTO ADVISORS
As trusted crypto advisors, we have a proven track record of guiding clients through the intricacies of crypto tax and accounting, empowering them to make well-informed decisions and achieve financial success in the evolving crypto market.
Crypto Tax and Accounting Blog
CLIENT TESTIMONIALS
"Bit Bookkeeper's crypto tax expertise has been invaluable for our business. Their insights and compliance services have significantly streamlined our crypto financial management."
John Doe
"Bit Bookkeeper's specialized payroll management for crypto activities has been a game-changer for our operations. Their accuracy and expertise are unparalleled."
Emily Smith
"We highly recommend Bit Bookkeeper for their exceptional crypto tax and accounting services. Their tailored approach has positively impacted our financial strategies in the crypto space."
David Brown
