A national CPA firm expands its cryptocurrency tax practice nationwide, helping investors reconcile incomplete broker data as cost basis rules become stricter.
BELLINGHAM, WA, UNITED STATES, July 16, 2026 /EINPresswire.com/ — Clarity Tax & CPA's, a CPA firm serving clients throughout the country, revealed today a specialized cryptocurrency tax and reconciliation service designed for both individual and business investors. This rollout coincides with the initial distribution of the IRS’s new Form 1099-DA to digital asset holders, many of whom are discovering that the amounts listed on those forms do not align with their personal transaction logs.
Under regulations that took effect for the 2025 tax year, digital asset brokers must submit gross proceeds from crypto sales to the IRS via Form 1099-DA, yet they are not obligated to report cost basis for those transactions. Consequently, a form may display substantial sale totals without any indication of the investor’s original purchase price. If left unaddressed, this discrepancy can make a taxpayer appear to owe significantly more than they actually do, potentially triggering IRS notices for underreported income.
The requirements are set to become more stringent. For digital assets obtained on or after January 1, 2026, and maintained within a single broker account, brokers will be required to start reporting cost basis. Any assets acquired earlier, or transferred between wallets and exchanges, remain the investor’s duty to track. For frequent traders moving assets across various platforms, this reconciliation workload is considerable.
Clarity Tax & CPA's new offering consolidates activity across wallets, exchanges, and payment platforms, cross-references it with broker statements, and files it correctly on the investor’s tax return. The firm manages everything from a few hundred transactions to portfolios exceeding one hundred thousand trades per year, and it identifies taxable events that investors commonly overlook, such as crypto-to-crypto trades that many mistakenly believe are not reportable.
"A crypto to crypto swap is a taxable sale, and it is the mistake we see most often," said Doni Kudratov, Cryptocurrency Tax Specialist at Clarity Tax & CPA's. "When a broker reports proceeds without cost basis, reconciliation is what stands between a clean return and an IRS notice."
The crypto practice is part of a firm that has been advising clients since 1976 and serves roughly hundreds of active clients from its Bellingham, Washington office. Clarity Tax & CPA's applies the same documentation and review standards to digital asset reporting that it uses for audit and complex tax matters. Cryptocurrency clients are served nationwide through remote consultations.
Investors who received a Form 1099-DA or engaged in digital asset trades during 2025 can request a free quote at claritytaxgroup.com or by calling (360) 862-6556.
About Clarity Tax & CPA's
Clarity Tax & CPA's is a CPA firm founded in 1976 and based in Bellingham, Washington. The firm delivers tax preparation and planning, audit and assurance, bookkeeping, IRS resolution, cross-border tax, and cryptocurrency tax services to individuals and businesses across the country.
Kelly Sheng
Clarity Tax & CPA's
+1 360-529-5546
email us here
