Select Your Package

Select Your Package2019-03-20T09:13:31-05:00

Take Control of Your Crypto Return.

Our done-for-you crypto tax prep solution saves you time and money so you can get back to trading. Select your package below to be matched with your dedicated crypto tax specialist.

Starter – $500

For single exchange users like Coinbase, Bittrex, Kraken and others.

  • 1 Exchange

  • Up to 1,000 transactions
  • Individual Federal Return (Up to 5 W2s)
  • 1 State Return
  • Assisted API & CSV Upload
  • Creation of Form 8949
  • IRS Audit Assistance*
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Base – $850

For the bitcoin and cryptocurrency enthusiast.

  • Includes Everything In the Starter Package Plus:
  • Up to 5 Exchanges
  • Up to 10 W2s

  • Crypto Reporting Tool Access
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Premiere – $1,250

For those with a little bit more skin in the game.

  • Includes Everything In the Base Package Plus:
  • Up to 10 Exchanges
  • Up to 3,000 transactions
  • FATCA Included
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Platinum – $2,500

An all-inclusive package for the most active bitcoin traders.

  • Includes Everything In the Premiere Package Plus:
  • Up to 20 Exchanges
  • Up to 10,000 transactions
  • FBAR/FinCen 114 Included
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A smart and secure way to file crypto taxes

“Mario’s team at CryptoTaxPrep.com has taken the stress out of my crypto tax situation.”
– Ben LeRoux Product Manager @Google

How it works

2M+

Transactions Reconciled

Saving you time is our #1 goal, so you can get back to what you love.

$30M

In Tax Savings

No matter your trading portfolio we work tirelessly to find you the most savings allowed.

“After trying Cointracking.info and getting the wrong reports, I decided to use CryptoTaxprep.com. My experience was fast, easy, accurate”

Jim H.

“Efficient and nice to work with – very professional.”

Virginia B.

“After understanding the process, it was fast easy and guaranteed!”

D. Drago

“Great service! I’ll never go anywhere else for my crypto tax prep!”

Charles K.

“Extremely helpful and knowledgeable staff. Saved me thousands on crypto taxes!”

Mary Beth D.

“Very professional and made it very easy for me!”

Sandi W.

“Great experience! My report was way off and CryptoTaxPrep.com was able to find the errors, and complete my return with accuracy.”

Brian B.

“An absolute time saver! Best service and team around.”

Tung N.

“Great follow up, support and they saved me over $5,000 in crypto tax liability.”

Mark K.

“I couldn’t have done it without CryptoTaxPrep.com. The amount of tax savings the helped me get was a huge game-changer for my trading portfolio.”

Jason G.

Frequently Asked Questions

I Usually Prepare My Tax Returns On My Own, Should I Consult a Professional if I’m Expecting Tax Liability From Cryptocurrency Investments?2019-03-05T12:24:38-05:00

Many of us use software and apps to help us manage our finances. However, when it comes to the fast-paced and constantly-changing world of cryptocurrency investments, not consulting with a tax professional when setting up or managing a virtual currency portfolio is a mistake.

Your hometown accountant may not be totally up to speed on the latest rules and regulations affecting cryptocurrencies. Fortunately for you, all Happy Tax CPAs have been specially trained in the tax treatment of Bitcoin and other virtual currencies. As a result, you can count on Happy Tax to get you the tax planning and preparation services you need to give you some much-needed peace of mind come tax season.

What If I Buy and Sell Cryptocurrencies for a Profit Rather Than Earn Them Through Wages or Self-Employment Income?2019-03-05T12:24:38-05:00

If you invest in cryptocurrencies, it’s likely characterized as a capital asset by the IRS. A capital asset is a significant piece of property like real estate, vehicles, stocks, bonds, or valuable collectibles like art or antiques. Capital assets owned for more than one year produce what is known as a capital gain (or loss). Capital gains are taxed differently than earned wages or self-employment income, and the rates vary based on your tax bracket.

On the contrary, capital assets owned for less than one year produce a short-term gain (or loss). Short-term gains are taxed at the ordinary income rate, which is determined by your taxable income. These tax rates are changing with the federal tax reform coming in 2018, so be sure that you’re up to date on how the new laws affect your investment.

Do the packages include my Federal and State return?2019-03-05T12:24:39-05:00

Yes! We complete your crypto reconciliation, gather all your information in our online portal and complete your Federal and state tax returns.

Cryptocurrencies Change in Value All of the Time – How Do I know What Value to Report to the IRS?2019-03-05T12:24:39-05:00

Virtual currency wages, self-employment income, or other payments should be reported using the full fair market value of the cryptocurrency at the time the payment was made. So, for example, if you are paid one Bitcoin when the price was $10,000, but the price increased to $12,500 by the time you file your taxes, you report the income as $10,000.

If My Employer Pays My Wages in Virtual Currencies, Do I Need to Report this Income to the IRS?2019-03-05T12:24:39-05:00

Under U.S. law, a property can be “real” – meaning buildings or land – or “personal” – meaning assets that you own other than real estate. Personal property can be tangible, like your car or your prized stamp collection, or it can be intangible, like the rights to a copyrighted image or musical score. So, cryptocurrencies would qualify as intangible personal property under U.S. tax policy.

What’s the Difference Between Legal Tender and Property?2019-03-05T12:24:39-05:00

Under U.S. law, a property can be “real” – meaning buildings or land – or “personal” – meaning assets that you own other than real estate. Personal property can be tangible, like your car or your prized stamp collection, or it can be intangible, like the rights to a copyrighted image or musical score. So, cryptocurrencies would qualify as intangible personal property under U.S. tax policy.

Why Does the IRS Tax Virtual Currency as Property Rather Than Legal Tender?2019-03-05T12:24:39-05:00

In many ways, virtual currency operates just like legal tender. It can be exchanged, used for purchases, loaned out or given away. It is a store of value and a medium of exchange, but it is not considered legal tender in any U.S. jurisdiction. In the United States, the federal government is the only entity that can officially create money, and it has established the dollar as the legal tender. Unless Bitcoin or some other virtual currency legally replace the U.S. dollar under federal law, it will be taxed as property or some other similar asset.

Is Cryptocurrency Regulated by the IRS?2019-03-05T12:24:39-05:00

Yes. The IRS issued a policy notice in 2014 expressly stating that Bitcoin and other virtual currencies are taxable as property. While many investors believe that digital currencies fall under loopholes or exemptions to the tax code, this is far from the case. The IRS is ramping up enforcement against cryptocurrency investors, and the agency is even going after investors retroactively as far back as 2013.

How it works?

In just 4 easy steps your trades will be reconciled and prepared to send to the IRS. It may just be the easiet thing you do this year!

Get Started with CryptoTaxPrep.com

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