Investors with six-figure gains
Trading, swapping and holding across exchanges and wallets, with a tax bill that now justifies planning.
Tax preparation and planning for crypto investors
Crypto Taxes, From a CPA Who Has Done All of It Himself
I have invested in and used everything I write about, from the tokens to the NFTs to the liquidity pools and nodes, and paid the tax on all of it. My firm was one of the first to prepare crypto returns, and I wrote the book on how it is taxed. You keep the ledger. I handle the taxes.
All 50 statesPlanning and preparationInvestors and crypto businesses
Quoted in
- Nasdaq
- Business Insider
- Forbes
- Fox Business
- Yahoo Finance
- Money
- MSN
Who this is for
Past the Point Where Tax Software Can Answer It
Miners, validators and node operators
Income the day the reward lands, equipment to depreciate, and a business-or-hobby question the IRS will ask.
Businesses that hold or accept crypto
Payroll in tokens, treasury on a balance sheet, and 1099s that need to go out in dollars.
Not a fit: Hobbyists getting started, anyone looking for a coach, and anyone who needs bookkeeping. The fee will not make sense and I will tell you so. Who this is and isn't for
Services
Three Ways to Work With Me
Fees are posted so nobody is surprised on the first call. Full detail on the pricing page.
Tax Preparation
Quoted after a look at your yearFederal and state returns for crypto investors and crypto businesses, in all 50 states. You bring reconciled transaction data from CoinTracker, Koinly, ZenLedger or a bookkeeper. I handle Form 8949, the income side (staking, mining, airdrops, node rewards), and the questions the software got wrong.
- Form 1040 or the business return, with every schedule
- All 50 states
- Review of the software output before anything is filed
Crypto Advisory
From $1,500 per quarter Tax preparation includedEntity structure, estimated payments, deduction strategy and a sit-down every quarter, with your returns included. For investors and operators whose tax bill has become a line item worth managing.
- Quarterly planning meeting
- Estimated payment schedule, revised as the market moves
- Tax preparation for you and the entity
One-off Consulting
From $1,500 Up to four hoursA block of time for one specific question: how to structure a mining or validator operation, what a token sale does to your return, whether trader status is worth electing. No ongoing engagement.
- Up to four hours of working time
- Specific answers, with the authority behind them
What changed, and what didn't
The Rules Your Software Was Built Before
Four things that decide most crypto returns now. Current as of November 2026.
Brokers now file Form 1099-DA
Starting with 2025 sales, Coinbase, Kraken and the other brokers report your gross proceeds to the IRS. Cost basis only shows up for assets bought on that platform from 2026 on. DeFi swaps, staking and airdrops never appear on it. They still go on the return.
Read the postCost basis is wallet by wallet
Rev. Proc. 2024-28 ended universal basis tracking. Each wallet and account carries its own lots, and FIFO is the default unless you identify lots before the sale.
Read the postStaking rewards are income when you control them
Rev. Rul. 2023-14 settled it: rewards are ordinary income at fair market value the moment you can sell them, whether or not you do.
Read the postThe wash sale rule still does not apply
The rule covers stock and securities. Crypto is property, so a loss sold and rebought the same day still counts. Congress keeps drafting a fix and has not passed one.
Read the post
About
Micah Fraim, CPA
I am a CPA, a crypto investor, and the author of Decrypting Crypto Taxes. I run Fraim, Cawley & Company, a tax firm in Roanoke, Virginia with clients in all 50 states. Crypto Tax CPA is the part of the practice built for digital asset investors.
Most of my work is tax planning and preparation for people whose crypto activity has outgrown a software import: six-figure traders, miners and validators, and businesses that hold or accept crypto. I also hold CVA, CEPA and CFE credentials, which matter when the question is how to structure or exit a business rather than how to fill in a form.
The rules change every few months. I read the rulings when they come out, write about them here, and apply them on your return.
Reviews
Read the reviews 149 Reviews of the Firm
Google reviews and client testimonials for Fraim, Cawley & Company, the firm behind this site, as published on its own sites. The Google profile holds more.
Free guide
7 Crypto Tax Mistakes Most Accountants Miss
A short guide to the rules that changed, and the ones everyone still gets wrong.
Ten pages. Coin-for-coin trades, the 1099-DA, wallet-by-wallet basis, staking income, the wash sale rule, NFTs, and the one mistake that costs people the most: reinvesting the tax money. Current as of November 2026.
From the blog
All posts Latest Posts
Tax Court Rules Staking Rewards Are Taxable Upon Receipt
Staking rewards are still taxable upon receipt. In Paschall v. Commissioner, T.C. Memo. 2026-46, a couple petitioned the Tax Court arguing that their ...
2025 Crypto Basis Rules: How to Minimize Capital Gains
The IRS has drastically changed how crypto cost basis is calculated for 2025 and forward. Since basis is now calculated on a wallet-by-wallet approach...
Major Crypto Cost Basis Changes in 2025
The IRS is no longer allowing taxpayers to use the “universal” wallet approach starting in 2025. This is the method basically every crypto tax softwar...
Contact
Have a Question First?
If you are not ready to book, send the question. If it is a quick one I will answer it. If it needs a consultation I will say so.
Replies come from me, usually within a business day.