Cryptocurrencies Investors And Traders
Calculating capital gains and losses on cryptocurrencies is not always an easy task. It requires a deep technical understanding of how crypto and tax software work and its limitations.
You can leave that to us, whether you own cryptocurrency now, have previously owned cryptocurrency, or intend to buy cryptocurrency in the future.
With our service, we make crypto tax reporting easy. We have a cryptocurrencies tax package to suit your needs, whether you are a first-time crypto buyer or a crypto whale.
We have a thorough understanding of blockchain, liquidity pools and staking protocols, NFT reporting, bridges, crypto loans, and we are committed to continuous learning and embracing the digital space.
Typical Questions We Often Answer
- Do I need to pay taxes on crypto?
- How do you calculate the cost basis for cryptocurrency? Which method should I use?
- The cryptocurrency I sold had been in my wallet for more than a year. How will I be taxed?
- Some part of my salary is paid to me in bitcoin. How do I report this income?
- I am mining cryptocurrency. Do I have to pay self-employment tax? Can I deduct expenses?
- How do I handle DeFi transactions? e.g.: 1) Adding and removing coins from liquidity pools; 2) bridging tokens between blockchains; and 3) token wrapping.
- Do I need to disclose crypto I receive in a hard fork in my tax return?
- I don’t have accurate records of my crypto transactions. What should I do?
- I have not been reporting my crypto investment in my tax returns for several years. What can I do about it now?
- Do I need to disclose my cryptocurrencies on an FBAR report?
We Offer More Than Crypto Tax Reporting
We follow rigorous procedures to ensure accurate reporting, and analyze all transactions with missing cost basis.
We also assist you in optimizing your tax efficiency so that you do not pay any unnecessary tax.
Importantly, we understand the technical concepts in the crypto space: Liquidity Pools; DEXs; Staking; Bridges; Nodes; IDOs; NFTs and how to report these for tax purposes.
And we even offer our own NFT collection!
Why Do Your Crypto Taxes With Us
Other crypto tax solutions typically require you to input your data into their tax software. You’re basically on your own there, doing the formatting and troubleshooting yourself. With Online Taxman however, you work with a crypto tax accountant and reconciliation specialist. Our personalized service ensures that your tax return is done correctly.
Our Tax Packages
Starter
For centralized exchange transactions ONLY- Up to 5,000 centralized exchange transactions
- Up to 1,000 blockchain transactions
- Up to 3 centralized exchanges
- Wallets/chains
- Consultation with a tax accountant
- 8949 report, Schedule D
- Income report
- Missing data analysis
- Tax optimization (FIFO, LIFO, Specific ID)
- Cryptocurrency tax expert support
- Staking, airdrops, and rewards
- Support for DeFi platforms
- FBAR (FinCEN Form 114)
- NFT transactions
- Liquidity pools (LP tokens)
- Cryptocurrency lending/borrowing
- Mining and masternode business
- Futures and leverage trading
- Synthetic tokens
- IDOs/ICOs (Initial Coin Offerings)
- VIP Service (priority list)
Basic
For simple cryptocurrency tax reconciliations- Up to 5,000 centralized exchange transactions
- Up to 1,000 blockchain transactions
- Up to 3 centralized exchanges
- Up to 1 wallet/chain
- Consultation with a tax accountant
- 8949 report, Schedule D
- Income report
- Missing data analysis
- Tax optimization (FIFO, LIFO, Specific ID)
- Cryptocurrency tax expert support
- Staking, airdrops, and rewards
- Support for DeFi platforms
- FBAR (FinCEN Form 114)
- NFT transactions
- Liquidity pools (LP tokens)
- Cryptocurrency lending/borrowing
- Mining and masternode business
- Futures and leverage trading
- Synthetic tokens
- IDOs/ICOs (Initial Coin Offerings)
- VIP Service (priority list)
Standard
For crypto traders operating across multiple exchanges and wallets- Up to 10,000 centralized exchange transactions
- Up to 3,000 blockchain transactions
- Up to 4 centralized exchanges
- Up to 3 wallets/chains
- Consultation with a tax accountant
- 8949 report, Schedule D
- Income report
- Missing data analysis
- Tax optimization (FIFO, LIFO, Specific ID)
- Cryptocurrency tax expert support
- Staking, airdrops, and rewards
- Support for DeFi platforms
- FBAR (FinCEN Form 114)
- NFT transactions
- Liquidity pools (LP tokens)
- Cryptocurrency lending/borrowing
- Mining and masternode business
- Futures and leverage trading
- Synthetic tokens
- IDOs/ICOs (Initial Coin Offerings)
- VIP Service (priority list)
PRO
For advanced investors with complex cross-chain investments- Up to 30,000 centralized exchange transactions
- Up to 6,000 blockchain transactions
- Up to 6 centralized exchanges
- Up to 5 wallets/chains
- Consultation with a tax accountant
- 8949 report, Schedule D
- Income report
- Missing data analysis
- Tax optimization (FIFO, LIFO, Specific ID)
- Cryptocurrency tax expert support
- Staking, airdrops, and rewards
- Support for DeFi platforms
- FBAR (FinCEN Form 114)
- NFT transactions
- Liquidity pools (LP tokens)
- Cryptocurrency lending/borrowing
- Mining and masternode business
- Futures and leverage trading
- Synthetic tokens
- IDOs/ICOs (Initial Coin Offerings)
- VIP Service (priority list)
Customized Plan
Big projects require big solutions. Let us help you achieve success. Get customized pricing by scheduling a consultation with a crypto tax expert.
Next Step - Schedule A Consultation With Us
During the consultation, we assess your tax situation and will provide you with a quote. Our transparent, fixed-fee pricing means you won’t have any surprises.
Our team is knowledgeable and experienced in cryptocurrency taxes and cryptocurrency regulations, and is well-versed in DeFi, liquidity pools and staking protocols NFTs, blockchain bridges, crypto lending, and is committed to continuous learning and adoption of the digital space.
