A national CPA firm expands its countrywide cryptocurrency tax practice, helping investors close gaps in incomplete broker reporting before stricter cost basis rules take effect.
BELLINGHAM, WA, UNITED STATES, July 16, 2026 /EINPresswire.com/ — Clarity Tax & CPA's, a CPA firm that serves clients throughout the United States, has announced a new 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 investors, many of whom are discovering that the amounts listed on those forms fail to align with their own transaction records.
Per regulations that went into effect for the 2025 tax year, digital asset brokers are required to submit to the IRS the gross proceeds from crypto sales via Form 1099-DA, but they are not obligated to provide cost basis data for those transactions. As a result, a form may display large sale totals without any indication of the original purchase price. If left unresolved, this discrepancy can make a taxpayer appear liable for far more than they actually owe, and it can trigger IRS notices for underreported income.
The rules become more stringent going forward. For digital assets acquired on or after January 1, 2026 and held in a single broker account, brokers must start 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, that reconciliation burden is considerable.
Clarity Tax & CPA's new service consolidates activity across wallets, exchanges, and payment platforms, cross-references it against broker statements, and files it correctly on the investor’s tax return. The firm handles everything from a few hundred transactions to portfolios exceeding one hundred thousand trades per year, and it identifies the taxable events that investors most frequently overlook, including 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 cryptocurrency practice operates within a firm that has been advising clients since 1976 and serves roughly hundreds of active clients from its office in Bellingham, Washington. Clarity Tax & CPA's applies the same documentation and review standards to digital asset reporting that it brings to audit and complex tax matters. Cryptocurrency clients are served nationwide through remote engagements.
Investors who have 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
