Crypto tax reports are Wrong More Often Than People Realize. Here’s why that matters.
Crypto tax reporting looks simple from the outside: plug wallets into a crypto tax software, download a report, hand it to your accountant for your tax return preparation, and you are done.
In practice, almost every report we review has errors — sometimes a few hundred dollars, sometimes six figures. Software can’t verify what you didn’t give it.
A generalist CPA can’t catch misclassified DeFi activity they’ve never seen. And once 1099-DA forms start flowing to the IRS, the mismatch between what was reported to the government and what’s on your return becomes a problem that doesn’t fix itself.
Get your crypto tax questions answered by using a 30-minute one-on-one Zoom video call, and walk away with a summary of findings and next steps. You will be talking with Sharon Yip, CPA, Founder of Crypto Tax Advisors, a former Big 4 senior tax manager and one of the top crypto tax CPAs in the U.S.
RECOGNIZED BY THE PUBLICATIONS YOUR PEERS READ
Featured in Bloomberg Tax, Forbes, CoinTelegraph and CoinDesk. Led by Sharon Yip, CPA, MST, CCE — crypto investor since 2017
WHO WE WORK WITH
High-volume traders
Multiple exchanges, wallets, or chains with significant activity.
Early adopters
Never reported crypto before; coming into compliance before the IRS catches you.
DeFi users
LPs, yield, lending, bridging — protocols most CPAs don’t know.
Crypto businesses
Accepting, paying in, or holding digital assets for your business.
NFT collectors & creators
Basis tracking, royalty income, and secondary sales reporting.
IRS crypto tax notice recipients
Received a notice — or expecting one.
Serving Crypto Investors & Businesses Since 2018
We help investors and businesses whose crypto activity has outgrown DIY software and generalist accountants.
BUSINESS ADVISORY
Advisory for Crypto & Tax Software Companies
If you are a crypto or tax software company, you don’t need a one-time consultation. You need a tax expert on call for your team. Our founder Sharon Yip, CPA has been advising crypto and AI powered tax software companies since 2018. We are experienced in advising product and engineering teams on tax logic, reporting outputs, transaction import and error detection features, and customer-facing content. We provide flexible consultation options: by the hour, in packs, or on retainer. Visit our Business Advisory page to learn more.
FOR CRYPTO INVESTORS
Two ways to get the help you actually need
Some investors need clarity and a plan. Others need detailed crypto account reconciled and tax return preparation. We offer both — and we’re honest about what options you should consider, including do it yourself if that makes sense.
OPTION 1
Strategy & Advisory
Crypto Tax Advisors
For investors who want clarity, a second opinion, or a plan before tax season hits.
1:1 consultation with Sharon Yip, CPA
Review of your current crypto tax situation
Identification of errors, risks, and opportunities
Written summary and prioritized next steps
OPTION 2
Full-Service Implementation
Chainwise CPA
For clients who want every crypto account reconciled, every return properly filed, and year-round support.
Wallet-by-wallet crypto reconciliation
Individual and business tax return preparation
1099-DA reconciliation and compliance
IRS and state representation, including audit defense
OUR PROCESS
You share context.
Before the call, you complete a short intake form so that we can get a good idea about your situation and the help you need in advance.
We meet on Zoom
We go over the questions you have, the issues you need to resolve, and provide recommendations about what you should consider.
You leave with a plan
We provide a written summary of prioritized next steps after the call, and a clear answer on what you can do to resolve your problems.
How Does Our Consultation Call Work
No mystery. No upsell pressure. Just a working session with a CPA who knows crypto.
READY WHEN YOU ARE
Pick a time. Bring your questions.
One call will tell you, honestly, whether you’re in good shape, need targeted help, or need a full cleanup.
Crypto Tax Advisors FAQ
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Crypto Tax Advisors provides crypto tax strategy, consultation, and educational resources to help investors and businesses understand and address issues in their crypto tax reporting.
For clients who need full-service support, our affiliated CPA firm, Chainwise CPA, provides:
Crypto transaction reconciliation
Tax preparation and reporting
Crypto & fiat accounting for business
Business advisory such as entity structuring, token compensation
Ongoing tax planning & advisory
IRS and state tax representation
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Most traditional CPAs are not equipped to handle the complexity of crypto transactions.
Our work focuses specifically on crypto tax, which allows us to:
Identify crypto tax issues that generalist CPAs may overlook or don’t understand
Reconstruct and reconcile complex transaction histories
Apply appropriate tax treatment to unique crypto activities
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Crypto tax software can be a helpful starting point, but it does not verify that your data is complete or accurate.
We often see:
Missing transactions or wallets
Incorrect cost basis calculations
Misclassified transactions
Software generates reports based on the data provided. It does not ensure that the underlying data is correct.
Read more: When Your Crypto Software Disagrees with Your 1099-DA
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Our consultation call pricing is displayed on the booking page.
Our CPA firm, Chainwise CPA, uses a transparent pricing structure.
You’ll begin by selecting a service plan with a clearly stated starting price. Once onboarding is complete and your complete data is received and reviewed, we will confirm whether your situation fits within the base scope. If additional work is required, we will provide a revised fee estimate for your approval before proceeding.
There are no hidden fees — you will always know the cost upfront before any additional work is performed.
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A reliable crypto tax report should:
Include all wallets and exchanges
Reconcile to actual account balances
Apply appropriate tax treatment
Align, where applicable, with third-party reporting such as 1099-DA
We stand behind our work, and we will defend you if we did your crypto reconciliation and you receive a tax notice later.
Read more: How to Reconcile Crypto Exchange Records When Form 1099-DA Tells Only Part of the Story
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Our services are best suited for individuals and businesses with moderate to high complexity crypto activity, such as:
Multiple wallets or exchanges
High transaction volume
DeFi, staking, or NFT activity
Inconsistent or incomplete transaction records
Concerns about accuracy or audit risk
If your crypto activity is relatively simple (e.g., a small number of transactions on a single platform), you probably don’t need professional help.
If you’re unsure, a Consultation Call can help determine whether professional support is needed.