CryptoTaxAudit
CryptoTaxAudit is a Wilmington, Delaware-based professional services firm providing cryptocurrency tax preparation, forensic crypto accounting, and IRS audit defense for U.S. crypto investors with complex multi-exchange and DeFi portfolios. It serves high-net-worth individuals, active traders, and taxpayers facing IRS scrutiny.
- Company typePrivate
- Founded2018
- HeadquartersWilmington, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What CryptoTaxAudit does
CryptoTaxAudit is a Wilmington, Delaware-based professional services firm specializing in cryptocurrency tax preparation, forensic crypto accounting, and IRS audit defense for U.S. crypto investors with complex portfolios. The company serves high-net-worth individual investors, active DeFi traders, and taxpayers under IRS scrutiny, offering services ranging from full-service federal and state tax return preparation to gain/loss calculations, IRS account monitoring, and representation through Tax Court proceedings. Founded by Clinton Donnelly (LLM, EA, ACAMS certified), the firm operates as a bootstrapped private LLC with a team that includes CPAs, Enrolled Agents, Forensic Accountants, and Crypto Analysts.
The company's core technology platform performs forensic crypto accounting that reconciles millions of transactions across multiple exchanges, wallets, and DeFi protocols, producing IRS-defensible Form 8949 outputs with cost basis reconstruction. Proprietary capabilities include a high-volume gain calculation engine handling portfolios exceeding 5 million trades annually, DeFi/on-chain activity classification for staking, liquidity pools, rebasing, and NFTs, and a "Bulletproof Return" methodology that integrates digital asset disclosures and foreign account reporting (FBAR/FATCA) to minimize audit risk. Supporting services include the Tax Shield IRS monitoring membership, a Kwong Ruling penalty abatement product, 1099-DA reconciliation, Safe Harbor planning, and a Cash-out sub-brand that partners with Cense to deliver bank-ready source-of-funds reports.
Revenue is generated primarily through fixed upfront professional services fees for tax preparation and forensic gain calculations, supplemented by recurring subscription revenue from the Tax Shield membership program ($89/month after setup) and a freemium model anchored by a free crypto tax course with paid professional review upsells. The go-to-market motion is sales-led and consultative, with prospects booking expert consultations via Calendly and submitting prior returns for review before pricing. The customer base consists of thousands of individual crypto investors with no disclosed enterprise contracts; the Cash-out sub-brand represents an emerging international expansion vector into European private banking markets.
CryptoTaxAudit firmographics
Firmographics- Name
- CryptoTaxAudit
- Legal name
- CryptoTaxAudit LLC
- Website
- https://cryptotaxaudit.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CryptoTaxAudit is a Wilmington, Delaware-based professional services firm providing cryptocurrency tax preparation, forensic crypto accounting, and IRS audit defense for U.S. crypto investors with complex multi-exchange and DeFi portfolios. It serves high-net-worth individuals, active traders, and taxpayers facing IRS scrutiny.
- Ownership category
- akta.pro rank
CryptoTaxAudit industry classification
Industry- Product category
- Crypto Tax Preparation Services
- NAICS
- Offices of Certified Public Accountants (541211)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Proof of Reserves, Attestations & On-Chain Audit/Assurance (FSADALAK)
Keywords
Where CryptoTaxAudit is headquartered
LocationHeadquarters
- HQ city
- Wilmington
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
CryptoTaxAudit business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Tax Return Preparation Services: Full-service federal and state tax return preparation for crypto investors with complex portfolios, including digital asset disclosures and foreign account reporting. Pricing is fixed upfront after review of the client's situation.
- Crypto Gain Calculation Services: Forensic crypto accounting and gain/loss calculation for portfolios across multiple exchanges and wallets. Fixed upfront pricing based on trading volume, number of exchanges/wallets, and transaction complexity. Produces Form 8949 for tax filing.
- Tax Shield Membership (IRS Monitoring & Defense): Ongoing IRS account monitoring and audit defense membership. Includes proactive audit flag alerts, IRS correspondence handling, and full audit representation through Tax Court. Revenue is recurring (monthly membership fee).
- Kwong Ruling — Penalty Abatement & Refund Claims: Specialized service for filing protective claims under the Kwong v. United States ruling for COVID-era IRS penalty and interest refunds. Includes IRS transcript review, Form 843 preparation, and IRS correspondence. Priced at $979 one-time setup plus $89/month membership.
- Cash-out Service: Compliance reporting service that analyzes crypto holdings and generates bank-ready source-of-funds reports to facilitate transfer of crypto wealth to traditional banks. Works directly with bank compliance teams to unblock transfers.
- Crypto Tax Course & Professional Tax Return Review: Free self-service tax preparation course teaching investors how to file their own crypto taxes using IRS free software, including Form 8275 disclosures and FBAR/Form 8938 filings. Professional review service offered as an add-on consultation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Tax Shield Full Defense (Kwong Ruling) — $979 setup + $89/month |
| One time/ perpetual license | Pay-as-you-go | Crypto Gain Calculation — Fixed upfront pricing |
| One time/ perpetual license | Pay-as-you-go | Full Tax Preparation Service — Fixed upfront pricing |
| One time/ perpetual license | Pay-as-you-go | Crypto-Only Service — Fixed upfront pricing |
| One time/ perpetual license | Pay-as-you-go | Tax-Only Service — Fixed upfront pricing |
| Freemium | Pay-as-you-go | Free Crypto Tax Course — No charge |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
CryptoTaxAudit product offering
Product offeringCore offering
CryptoTaxAudit provides professional cryptocurrency tax preparation, forensic gain/loss calculations, IRS audit defense, and compliance documentation for individual crypto investors with complex transaction histories. The firm specializes in handling high-complexity tax situations, IRS notices, and offers proprietary methodologies for producing audit-defensible crypto tax returns.
Product overview
CryptoTaxAudit offers a suite of crypto tax and IRS audit defense services organized as a platform with multiple integrated modules. The core offering consists of Tax Return Preparation (using a "bulletproof return" methodology) and Crypto Gain Calculations, both designed for high-complexity, high-risk crypto investors. These are supplemented by Tax Shield, an IRS account monitoring and audit defense membership, and specialized sub-services including IRS Notices handling, Audit Letter Review, 1099-DA reconciliation, and the Kwong Ruling penalty abatement service. The company also operates Cash-out as a distinct sub-brand for crypto-to-bank transfer facilitation, and offers a free self-service Do Your Own Crypto Tax Course with optional Professional Tax Return Review. Educational content resources (Tax Glossary, Tax Deadlines, The Clinton Donnelly Show podcast) round out the portfolio. All services are priced on a fixed upfront model, with the flagship Tax Shield membership offered at $89/month after a one-time setup fee.
Differentiator
Problem solved
Functional benefit
Brands
- Tax Shield: IRS monitoring and tax protection subscription service providing ongoing account monitoring, audit defense, and IRS correspondence handling for crypto investors.
- Cash-out
Products and services
- Tax Return Preparation Full-service preparation of crypto tax returns for individual crypto investors with complex trading histories.
- Crypto Gain Calculations Forensic cost basis and gain/loss calculation for cryptocurrency transactions across exchanges and wallets.
- Tax Shield Membership Annual membership offering IRS audit defense, amendments, and notice handling for crypto tax filers.
- Tax Shield Full Defense (Kwong Ruling Service) Premium full-defense service using the Kwong IRS Tax Court ruling to provide complete protection against reassessment for crypto tax filers.
- Cash-out Service Service for crypto investors with significant holdings who want to cash out while minimizing tax liability.
- Do Your Own Crypto Tax Course Educational course for crypto investors who want to learn to prepare their own cryptocurrency taxes.
- IRS Notice & Audit Letter Review One-time professional service reviewing and responding to IRS notices, CP2000 letters, and audit correspondence.
- 1099-DA & Safe Harbor Services Compliance services for the new IRS digital asset 1099-DA reporting requirements and safe harbor elections.
Quantifiable outcome
- Saved a client over $15,000 through hidden refund discovery during IRS audit.
- +5 more outcomes
Companies that use CryptoTaxAudit
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
CryptoTaxAudit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
CryptoTaxAudit partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- CensecoreCense powers the Cash-out service with compliance analysis and bank-ready reporting capabilities. Cense provides the technology infrastructure that enables CryptoTaxAudit to analyze client crypto holdings across all exchanges and wallets, generating detailed source-of-funds reports accepted by bank compliance teams in America and Europe.
- America's Largest Banks (Partnership Network)coreCryptoTaxAudit works in close partnership with many of America's largest banks, which trust the company's detailed compliance reports to provide a true picture of clients' digital assets. The bank partnership enables clients to successfully transfer crypto wealth to traditional banking institutions without account freezes or rejections.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
CryptoTaxAudit competitors and assessment
Company assessmentDirect peers
- ZenLedger: Crypto tax software and on-demand CPA services for crypto investors. Closely comparable in combining software with professional tax services, serving a similar U.S. crypto investor audience with tax preparation, gain calculation, and IRS notice assistance.
- TaxBit: Enterprise-grade crypto tax and accounting platform serving consumers, exchanges, and enterprises. Operates in the same crypto tax compliance category with overlapping customer segments and a much larger capital base, posing a competitive threat at scale.
- TokenTax: Crypto tax preparation platform that bundles automated software with access to CPAs for complex filings. Directly competes in the same high-complexity U.S. crypto tax segment CryptoTaxAudit serves, including DeFi and NFT cases.
- Koinly: Crypto tax calculator supporting 700+ exchanges, wallets, and DeFi/NFT activity. Targets the same crypto investor base with automated gain/loss calculations, competing for the lower-complexity segment of CryptoTaxAudit's pipeline.
- Ledgible: Crypto tax and accounting software platform for individuals, accountants, and enterprises. Competes in the same U.S. crypto tax reporting and compliance category with similar emphasis on digital asset gain/loss reporting and audit-ready output.
- CoinTracker: Consumer-focused crypto tax portfolio tracker and tax-form generator serving U.S. investors. Directly comparable target market and crypto tax use case, though CryptoTaxAudit competes on the high-complexity/audit-defense layer that CoinTracker largely outsources to professionals.
Broad incumbents
- Intuit TurboTax: Mass-market U.S. tax preparation software now integrating crypto gain/loss reporting through partnerships. A broad incumbent whose expanding crypto capabilities could absorb lower-complexity clients that would otherwise reach CryptoTaxAudit.
- H&R Block: Large U.S. tax preparation franchise with growing crypto tax support and in-person CPA/EA representation. Overlaps with CryptoTaxAudit's tax prep and IRS representation services as a broad-based incumbent that could expand into more complex crypto engagements.
Emerging players
- Bitwave: Digital asset accounting and tax platform purpose-built for businesses and enterprises. Overlaps with CryptoTaxAudit's gain calculation and reporting capabilities but focuses on the corporate/enterprise segment rather than high-net-worth individuals.
- SoftLedger: Crypto-native accounting platform for businesses holding digital assets. Adjacent in the crypto accounting ecosystem and competes for a related (enterprise/business) slice of the digital asset tax and reporting market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
CryptoTaxAudit social profiles
Digital presenceCryptoTaxAudit compliance and trust
Trust signalCompliance3 records
CryptoTaxAudit financial estimates
Financial estimateRevenue estimate
Valuation estimate
CryptoTaxAudit leadership team
Management profileNumber of profiles
Profiles4 records
CryptoTaxAudit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CryptoTaxAudit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CryptoTaxAudit
What does CryptoTaxAudit do?
CryptoTaxAudit provides professional cryptocurrency tax preparation, forensic gain/loss calculations, IRS audit defense, and compliance documentation for individual crypto investors with complex transaction histories. The firm specializes in handling high-complexity tax situations, IRS notices, and offers proprietary methodologies for producing audit-defensible crypto tax returns.
Is CryptoTaxAudit a public or private company?
CryptoTaxAudit is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CryptoTaxAudit founded?
CryptoTaxAudit was founded in 2018. It employs 11 to 50 people.
Where is CryptoTaxAudit based?
CryptoTaxAudit is headquartered in Wilmington, United States, in the North America region.
How does CryptoTaxAudit make money?
Six revenue lines are on record. Tax Return Preparation Services are the primary driver. The others are crypto Gain Calculation Services, tax Shield Membership (IRS Monitoring & Defense), kwong Ruling — Penalty Abatement & Refund Claims, cash-out Service and crypto Tax Course & Professional Tax Return Review.
Who are CryptoTaxAudit's main competitors?
Direct peers on record are ZenLedger, TaxBit, TokenTax, Koinly, Ledgible and CoinTracker. Broad incumbents are Intuit TurboTax and H&R Block. Emerging players are Bitwave and SoftLedger.
Does CryptoTaxAudit have an API?
No public API is recorded for CryptoTaxAudit.
What industry is CryptoTaxAudit in?
CryptoTaxAudit's product category is Crypto Tax Preparation Services. Its primary akta.pro industry code is FSADALAK, Proof of Reserves, Attestations & On-Chain Audit/Assurance. Its NAICS code is 541211 and its SIC code is 6199.