Digital Currency Accounting and Tracking Services
As digital assets become increasingly mainstream, taxpayers face mounting challenges in accurately tracking the cost basis of their crypto holdings. 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.
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
Gain Control Over Your Digital Asset Taxes
Whether you’re a long-term holder, an active trader or a DeFi participant, Withum’s team of crypto-savvy CPAs and advisors can help you stay compliant and optimize your tax position.
With the IRS Form 1099DA December 31 deadline fast approaching, now is the time to ensure your crypto reporting is accurate and complete. Gain clarity and control over your digital asset 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 and exchanges
- Non-standard events like airdrops, forks, staking rewards and token burns
- DeFi activity such as liquidity provision, yield farming and lending
- NFT minting and trading, which introduce unique valuation and timing issues
- Cross-border implications and 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.
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Contact Us
For more information or to discuss your business needs, please connect with a member of our team.
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Gain Control Over Your Digital Assets Today
The IRS Form 1099DA 12/31 deadline is approaching fast. Don’t wait until it’s too late, fill out the form now. A Withum specialist will reach out within 1–2 business days.