IRS Crypto Tax Rules in 2025: What You Need to Know to Stay Compliant
The IRS has kicked off 2025 with new crypto tax rules that have left many investors and brokers scrambling to make sense of their compliance obligations. From wallet-specific tracking requirements to delayed broker reporting mandates, the evolving landscape introduces complexity—but also clarity—for taxpayers and exchanges. Here’s what’s changing, what’s staying, and how you can stay ahead of the curve.
The Top 6 Issues in Preparing for Your Crypto Tax Compliance
Cryptocurrency tax compliance has become crucial as digital assets move mainstream, with six key issues to consider: identifying taxable events, ensuring wallet completeness, tracking transactions, addressing valuation challenges, handling forks and airdrops, and navigating international regulations. The IRS treats cryptocurrencies as property, making various transactions taxable, while new regulations require brokers to report digital asset sales starting 2026. Effective compliance strategies, including specialized software and expert guidance, are essential to mitigate financial risks and avoid penalties in this complex and evolving landscape.
Crypto Tax Alpha - Pragmatic Approach to Smart Compliance
Navigating crypto tax compliance doesn’t have to be daunting. This comprehensive guide explores key strategies for cryptocurrency investors and traders to optimize their tax positions while staying compliant with IRS regulations. Learn about taxable events, basis calculation, record-keeping best practices, and tax-loss harvesting. Discover how to handle complex transactions like staking, SAFT agreements, and derivatives. Get expert insights on making timely estimated tax payments and when to engage a crypto tax professional. Stay ahead of evolving crypto tax rules and ensure smart compliance with The Network Firm’s expert guidance.