DeFiTax Blog
Expert insights, guides, and updates on cryptocurrency taxation
What the Proposed PARITY Act Would Mean for Your Crypto Tax Strategy
A bipartisan bill introduced in May 2026 would close the gap between how the IRS treats stocks and how it treats digital assets.
Got a Crypto CP2000 Notice? How to Respond in Time
Got a crypto CP2000 notice? Learn what it means, how to respond, and what documentation you need to address the IRS before the deadline.
What Makes a Crypto Tax Report Audit-Ready?
Learn what makes a crypto tax report audit-ready, from complete transaction history and cost basis tracking to DeFi protocol records and on-chain audit trails that stand up to IRS scrutiny.
Illinois Enacts First-of-Its-Kind Crypto Transaction Tax
Illinois has become the first state to impose a 0.2% tax on certain crypto transactions. Learn who is affected, when the law takes effect, and how investors can prepare for compliance.
Inside the Ways & Means Hearing on Digital Asset Taxation: What You Need to Know
Lawmakers are advancing major crypto tax reforms aimed at simplifying reporting requirements and bringing greater clarity to digital asset taxation.
Why Your Exchange’s Auto-Generated Tax Report is Costing You Thousands (And How Cost Basis Strategy Fixes It)
Most exchange tax reports default to FIFO, often inflating your taxable gains. Strategic cost basis selection can legally reduce your crypto tax bill and save you thousands.
Could Your 1099-DA Trigger an IRS Review?
1099-DA increases IRS scrutiny, so accurate crypto reporting is essential to avoid flags.
What Is Form 1099-DA?
Form 1099-DA reports crypto transaction proceeds to the IRS, but it often excludes your cost basis, meaning it may not reflect your true taxable gain or loss.
What “Audit-Ready” Crypto Tax Reporting Actually Means
Audit-ready crypto reporting isn’t about clean PDFs. It is about proof, with every figure traceable to verifiable on-chain data.
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