March 13, 2025
Crypto traders, listen up – your tax reports might be completely wrong.
In this episode of The Band of Traders, Kyle sits down with Janna Scott, founder of DeFiTax.us, to expose the shocking flaws in crypto tax reporting software and what traders need to know before tax season. Janna, a tax expert with a background in government finance, shares how her research revealed massive inaccuracies across top crypto tax platforms… Some overestimating gains by tens of thousands, others underreporting and setting traders up for audits.
She also dives into how her work with the IRS and SEC helped pause crypto audits in 2023 and why audits are coming back. They discuss the risks of the new 1099-DA reporting requirements, the IRS’s growing focus on crypto enforcement, and how traders can protect themselves from costly mistakes.
If you trade crypto, you cannot afford to miss this episode.
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