Cryptocurrency Tax and Consulting

Cryptocurrency has significantly changed in the last few years, and along with that comes the difficulty of navigating Cryptocurrency taxes and calculating gains and income from the wide variety of tokens and earnings available! 

As an investor in cryptocurrency, we have extensive knowledge of the various types of cryptocurrency and what each one is designed to do. As accounting professionals, we keep up on the tax implications of Bitcoin and Cryptocurrency accounting. Even with the gain in popularity in the last year, the idea of ‘Bitcoin’ is foreign to most, including the IRS! They have committed resources to learn, regulate, and gain an understanding of how ‘Cryptocurrency’ should be classified; as a capital asset with capital gains like stocks, or as assets taxed at individual rates. The IRS knows cryptocurrency comes with potential for large gains, which means tax liability to the investor. Accurately reporting earnings is critical! At Arizona Tax Advisors, we can help you navigate these waters. From basic guidance to helping determine gains, we are here to assist and advise!

We have experience in most investment and earnings related to Cryptocurrency including; Decentralized exchanges (Uniswap, PancakeSwap Etc), NFTs, Staking, interest earnings and most other types of earnings.