Digital Currency Accounting and Tracking Services
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.
Digital Currency Accounting and Tracking Services
Withum’s Digital Currency Accounting and Tracking Services are built to address these challenges head-on. Leveraging a combination of advanced technology integrations and deep expertise, our team will consolidate transaction data across all of your wallets, calculate your cost basis and determine your tax liability.
Our Digital Currency Accounting and Tracking Services Include:
Automated cost basis tracking using FIFO, LIFO and Specific ID methods
Wallet and exchange integrations for seamless data aggregation
Transaction classification and reconciliation for complex crypto events
Audit-ready tax reports that meet IRS and international standards
Strategic tax planning for gain/loss harvesting, entity structuring and international compliance
Navigate Your Crypto Taxes with Confidence
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.
Who We Help
- High-net-worth individuals with significant crypto exposure
- Crypto-native businesses and startups
- Family offices and wealth managers
- Institutional investors
Unlike traditional securities, digital assets often involve:
- Thousands of micro-transactions across multiple wallets, exchanges, and DeFi protocols
- Non-standard crypto events such as airdrops, forks, staking rewards, token burns, and NFT minting or trading
- Complex DeFi activity including liquidity provision, yield farming, and lending
- Cross-border tax implications combined with evolving regulatory guidance
These complexities make it difficult for taxpayers to determine accurate gains and losses, comply with IRS reporting requirements and plan proactively for tax liabilities.
Looking to learn more?
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.
Leadership
Contact Us
For more information or to discuss your business needs, please connect with a member of our team.
Cryptocurrency Insights
Cryptonomix Podcast – All Things Happening in the Crypto Community
Cryptonomix is your one-stop shop for all things happening in the crypto community.
Digital Asset Collateral Considerations
As crypto markets evolve, fund managers are increasingly engaging in complex financial instruments such as tokenized repos, lending, and other strategies. While these instruments offer liquidity and leverage, they also […]
Understanding CARF: The New Global Standard for Crypto Taxation
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 […]
Gain Control Over Your Digital Assets Today
Ensuring your digital assets are accurately tracked is key to strengthening your crypto tax position. Complete the form below, and a Withum specialist will be in touch within 1–2 business days.