As digital assets become increasingly mainstream, taxpayers face mounting challenges in accurately tracking their crypto cost basis. From high-frequency trading and DeFi participation to NFT transactions and cross-chain activity, the nuances of digital asset accounting are unlike anything traditional tax systems were built to handle.
Withum’s Digital Currency Accounting and Tracking Services team is built to address these challenges head-on. Our team will consolidate transaction data across all of your wallets, calculate your cost basis and determine your tax liability.
Whether you’re a long-term holder, an active trader or a DeFi participant, Withum’s team of crypto CPAs and advisors can help you stay compliant and optimize your tax position. As digital asset reporting requirements, such as Form 1099‑DA, become standard, accurate tracking and documentation are more important than ever. Gain clarity and control over your crypto taxes with Withum’s expert-backed Digital Currency Accounting and Tracking Services.
Read our full article to explore how these trends led to our new Digital Currency Accounting and Tracking Services, and how it can help you stay compliant and ahead of the curve.
The Crypto-Asset Reporting Framework (CARF) is the most significant international initiative for tax transparency on digital assets to date. Developed by the OECD and endorsed by the G20, CARF sets a global standard for the automatic exchange of tax information on crypto-asset transactions between countries. As of December 2025, more than 75 jurisdictions have committed…
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Form 1099-DA is the IRS information return created to standardize third-party reporting for sales and exchanges of digital assets. Starting with 2025 activity, many platforms will furnish Form 1099-DA to customers and file it with the IRS in early 2026. This increases IRS matching and notice risk when tax return reporting does not reconcile with…
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