A national CPA firm enhances its digital asset tax services to assist investors with incomplete broker data as cost basis reporting deadlines approach.
BELLINGHAM, WA, UNITED STATES, July 16, 2026 /EINPresswire.com/ — Clarity Tax & CPA's, a CPA firm serving clients nationwide, today announced a dedicated cryptocurrency tax and reconciliation service for 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 reported do not align with their own transaction logs.
For the 2025 tax year, new regulations require digital asset brokers to submit gross proceeds from crypto sales to the IRS using Form 1099-DA, yet they are not obligated to provide cost basis for those trades. Consequently, a form may display high sale totals without any indication of the original purchase price. If left unaddressed, this discrepancy can make it appear that a taxpayer owes significantly more than they actually do, and it may trigger IRS inquiries regarding unreported income.
The requirements become stricter moving forward. For digital assets bought on or after January 1, 2026 and kept within a single broker account, brokers must begin reporting cost basis. Any assets acquired earlier, or those transferred between wallets and exchanges, remain the investor's duty to document. For frequent traders shifting assets across multiple platforms, the reconciliation workload is considerable.
Clarity Tax & CPA's new offering consolidates activity from wallets, exchanges, and payment platforms, matches it against broker statements, and files it correctly 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 that investors most commonly overlook, such as crypto to crypto exchanges that many mistakenly believe are not reportable.
"A crypto to crypto swap qualifies as a taxable sale, and it is the most frequent error we encounter," stated Doni Kudratov, Cryptocurrency Tax Specialist at Clarity Tax & CPA's. "When a broker submits proceeds without cost basis, reconciliation is the factor that separates a clean filing from an IRS notification."
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 that it uses for audits and complex tax matters. Cryptocurrency clients are served across the country 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
