Clarity Tax & CPAs has introduced a national cryptocurrency tax and reconciliation service, timed with the IRS’s new Form 1099-DA, as the firm expands its digital asset practice to assist investors in bridging incomplete broker reporting ahead of tighter cost basis guidelines.
BELLINGHAM, WA, UNITED STATES, July 16, 2026 /EINPresswire.com/ — Clarity Tax & CPA's, a CPA firm serving clients nationwide, today unveiled a specialized cryptocurrency tax and reconciliation service aimed at individual and business investors. The 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 own records.
Under regulations effective for the 2025 tax year, digital asset brokers are required to report gross proceeds from crypto sales to the IRS via Form 1099-DA, but they are not obligated to disclose cost basis for those transactions. As a result, a form may show substantial sale totals without any record of the investor’s original purchase price. If left unreconciled, this discrepancy can make a taxpayer appear to owe significantly more than they actually do, potentially triggering IRS notices for underreported income.
The rules are set to become stricter. For digital assets acquired on or after January 1, 2026, and held in a single broker account, brokers must begin reporting cost basis. Any assets purchased before that date, or transferred between wallets and exchanges, remain the investor’s responsibility to document. For active traders who move assets across multiple platforms, the reconciliation burden is considerable.
Clarity Tax & CPA's new service aggregates activity across wallets, exchanges, and payment platforms, cross-references it against broker statements, and accurately reports it 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 the taxable events investors most frequently overlook, such as crypto-to-crypto exchanges 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 approximately hundreds of active clients from its Bellingham, Washington office. Clarity Tax & CPA's applies the same documentation and review standards to digital asset reporting as it does to audit and complex tax work. Cryptocurrency clients are served nationwide through remote engagements.
Investors who received a Form 1099-DA, or who traded digital assets 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 provides 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
