What Are Cryptocurrency Tax Services?
Cryptocurrency tax services are professional tax preparation & filing assistance — simply focused on digital assets like coins, tokens and NFTs as well as DeFi rewards. Such services are beneficial in organizing the trades and swaps along with crypto income into presentable tax figures — so the return fully satisfies IRS digital asset rules & deadlines.
These services also manage income from staking & mining and airdrops as well as crypto paid for work — making sure each distinct amount is carefully classified and linked with the correct forms.
Benefits
Cryptocurrency tax services from Helium Day Tax & CPAs transform the wallet and exchange activities into fully accurate and defensible entries on the tax return.
Who Needs Help With Crypto Taxes?
You need assistance with crypto taxes once the activities are too detailed for a simple spreadsheet — and you would like to prevent missed income or duplicated transactions.
Professional cryptocurrency tax services are especially leveragable in the below cases:
- Trading on multiple exchanges — or use both centralized and decentralized platforms
- Joining DeFi pools or lending protocols and staking programs or NFT markets
- Getting paid in crypto for freelance work and business income or side projects
How Do Our Cryptocurrency Tax Preparation Services Work?
Our cryptocurrency tax preparation process is custom-built to establish supportable, clean returns in four steps.
Collecting your data
We simply gather wallet addresses and CSV exports with statements from every platform.
Reconciling transactions
We match transfers between wallets and remove duplicates, and then flag gaps.
Calculate gains, losses, and income
We compute holding periods and cost basis with proceeds. And then our team prepares the Form 8949 summaries that connect to Schedule D and Form 1040.
File returns and plan ahead
Our team completes your return. Furthermore, we answer the digital asset questions and recommend simple record-keeping actions for the following tax year.
What Crypto Tax Issues Can Helium Day Tax & CPAs Handle?
Helium Day Tax & CPAs presents professional cryptocurrency tax filing services for both individual taxpayers and establishments with advanced digital asset activity.
We regularly assist with the below scenarios:
- High-volume trading and rebalancing strategies
- DeFi interest payments and liquidity rewards or governance tokens as well as NFT transactions
- Tokens earned through mining and validation — or play-to-earn projects
- Crypto used to pay contractors or employees in LLCs or corporations
How Are Common Crypto Activities Taxed?
Common crypto activities are taxed in parallel to the information on whether they generate capital gains — or ordinary income, as presented below.
| Crypto activity | Typical tax treatment* | Common reporting forms* |
|---|---|---|
| Selling or swapping coins/NFTs | Capital gain or loss | Form 8949 + Schedule D, Form 1040 |
| Spending crypto — on goods or services | Capital gain or loss | Form 8949 + Schedule D |
| Staking activities or mining rewards | Ordinary income at fair value | Schedule 1 or Schedule C, Form 1040 |
| Getting paid in crypto for services | Business or wage income | Schedule C or W-2 with Form 1040 |
*Treatment can vary in line with your distinct situation and relevant IRS guidance.
Why Choose Helium Day Tax & CPAs For Crypto Taxation?
Helium Day Tax & CPAs combines cryptocurrency tax services with 360-degree CPA support — so your digital assets satisfy your broader tax picture.
You benefit from:
- Crypto-savvy CPAs who follow current IRS notices and FAQs as well as enforcement priorities on digital assets
- Audit-ready workpapers and practical planning that back up every figure and lower future surprises
Reach out to our dedicated team today for professional assistance and full compliance.
FAQs
Do I have to pay taxes on every crypto trade?
Yes. Each time you sell or swap and spend cryptocurrency — you may have a taxable gain or loss — even if you never receive a form from the exchange.
How do I report crypto on my tax return?
You generally list each disposal on Form 8949. Summarizing totals on Schedule D is essential too. Then you report income on the appropriate schedules and answer the digital asset question on Form 1040.
What happens if I did not report crypto in a prior year?
You can generally fix the problem by filing amended returns — with complete cryptocurrency schedules and supportive documents for each transaction.
Can I do my own crypto taxes?
You can — if your activity is simple and on one platform. Yet, once DeFi or NFTs or multiple wallets are added, professional assistance lowers errors and missed reporting.
Can I write off crypto losses?
Yes, realized losses can reduce taxable gains — and, within set limits, other income when they are correctly calculated and shown on the return.
What if my exchange shut down or I can’t get my trading history?
You still need to report those transactions and use wallet records & bank statements with blockchain data to rebuild a reasonable history.