IRS Form 1099-DA is reported by exchanges under Internal Revenue Code Section 6045(g), but taxpayers must report cryptocurrency gains under Treasury Regulation 1.1012-1(j). If you copy the 1099-DA directly onto IRS Form 8949 without adjustment, your capital gains may be reported incorrectly.In this video, Clinton Donnelly, founder of CryptoTaxAudit, explains:• Why exchange reporting and taxpayer reporting follow different rules• How transferred crypto creates lot-order mismatches• Why 1099-DA proceeds may not reflect your actual cost basis• How to subtract exchange-reported proceeds on Form 8949• How to enter your correct crypto gain summary• How to reconcile reporting without triggering IRS correspondenceThis applies to traders using Coinbase and other exchanges that issue 1099-DA forms.If you traded across wallets and exchanges, this matters.📞 Book a professional crypto tax review:https://www.cryptotaxaudit.com/crypto-tax-consultation

Disclaimer: This video is for educational and informational purposes only and does not constitute legal, tax, or financial advice.Tax laws and IRS procedures can change, and every situation is unique.You should consult with a qualified tax professional before taking any action based on this content.Watching this video does not create a client relationship with Clinton Donnelly or CryptoTaxAudit.For personalized guidance, visit👉 https://www.cryptotaxaudit.com

When crypto assets are divided in a divorce, the cost basis transfers with them. That means future capital gains tax liability may follow the asset, and incorrect reporting can trigger IRS audits affecting both partners.

👨‍⚖️ Clinton Donnelly, founder of CryptoTaxAudit and known as the “Crypto Tax Fixer,” explains how forensic wallet tracing, joint tax returns, and cost basis allocation can create unexpected legal and tax exposure during and after divorce.

What You’ll Learn:

• How forensic crypto audits work in divorce proceedings

• What happens to cost basis when assets are split

• Why selling transferred crypto can create unexpected capital gains

• How IRS audits can extend to both former spouses

• When filing separately may limit exposure

• Why accurate gain calculation matters during asset division

This video is especially relevant if you:

• Hold Bitcoin, Ethereum, or other digital assets

• Are married and file jointly

• Are going through divorce or separation

• Have significant unrealized crypto gains

• Are concerned about IRS audit exposure

💼 Need an accurate crypto gain calculation during divorce or asset division?

Schedule a consultation:

👉 https://www.cryptotaxaudit.com/crypto-tax-consultation

For more on capital gains and reporting requirements:

Official IRS page on capital gains:

https://www.irs.gov/taxtopics/tc409

Disclaimer: This video is for educational and informational purposes only and does not constitute legal, tax, or financial advice.

Tax laws and IRS procedures can change, and every situation is unique.

You should consult with a qualified tax professional before taking any action based on this content.

Watching this video does not create a client relationship with Clinton Donnelly or CryptoTaxAudit.

For personalized guidance, visit

👉 https://www.cryptotaxaudit.com/crypto-tax-consultation

Crypto taxes changed in a big way for 2026.In this video, Clinton Donnelly explains how the new 1099-DA works, how the IRS now separates cryptocurrency from other property, and why reporting mistakes are more likely to trigger audits than ever before.👨‍⚖️ Clinton Donnelly is the founder of CryptoTaxAudit, known as the Crypto Tax Fixer, and a leading expert in IRS crypto audits, tax compliance, and gain calculations.Meet the hosts:Clinton Donnelly → https://www.cryptotaxaudit.com/clinton-donnellyBen Weber (Director of Crypto Analytics) → https://www.cryptotaxaudit.com/ben-crypto-tax-expertWhat this video covers:- What the new 1099-DA reports (and what it doesn’t)- How crypto is now separately identified on IRS capital gains forms- Why total proceeds must match (or exceed) IRS records- FIFO vs specific identification, what actually works in real life- Cost basis issues across wallets, exchanges, and hardware wallets- Why Safe Harbor does not change ongoing reporting rules- The most common mistakes that lead to IRS noticesIf you’re trading crypto, moving assets between wallets, or filing taxes in 2026, this is required viewing.📞 Book a private crypto tax consultation👉 https://www.cryptotaxaudit.com/crypto-tax-consultationDisclaimer: This video is for educational and informational purposes only and does not constitute legal, tax, or financial advice. Tax laws and IRS procedures can change, and every situation is unique. You should consult with a qualified tax professional before taking any action based on this content.Watching this video does not create a client relationship with Clinton Donnelly or CryptoTaxAudit.

This video explains how U.S. crypto tax rules apply to common crypto activity.It covers trading, transfers, fees, losses, and retirement accounts.It reflects current IRS guidance, including Form 1099-DA.Clinton Donnelly, founder of CryptoTaxAudit, and Ben, Director of Crypto Analytics, answer practical questions about crypto tax reporting.They focus on how transactions are reviewed when proceeds, cost basis, or records are incomplete or misunderstood.Topics covered include:• Crypto tax reporting basics and where to start• How Form 1099-DA reports proceeds• Why cost basis reconciliation is required• Whether exchange to wallet transfers can be misclassified• How missing or incorrect data affects tax reporting• Tax treatment of wrapped tokens and staking receipt tokens• How to transfer crypto into an S Corporation correctly• How Celsius bankruptcy losses are typically reviewed• Whether Bitcoin network fees are taxable events• How losses for worthless crypto assets are evaluated• Rules for crypto held in Roth IRAs• Risks of intermingling retirement assets• How retirement withdrawals affect tax bracketsDisclaimer: This video is for educational and informational purposes only.It does not constitute legal, tax, or financial advice.Tax laws and IRS procedures can change.Every situation is different.Consult a qualified tax professional before taking action.Watching this video does not create a client relationship with Clinton Donnelly or CryptoTaxAudit.For personalized guidance, visithttps://www.cryptotaxaudit.com/crypto-tax-consultation

Most people are told that IRAs and 401(k)s are the foundation of retirement planning.But decades into these strategies, many Americans still reach retirement age without enough savings to live comfortably.In this video, Clinton Donnelly, founder of CryptoTaxAudit, explains:• Why traditional retirement accounts often fall short• How inflation and fund fees affect long-term outcomes• What Social Security realistically provides in retirement• Why contribution limits and withdrawal penalties matter• How some investors think differently about long-term growthThis is not about hype or predictions, it’s about understanding the structure behind common retirement strategies and asking better questions about long-term financial planning.👇 What do you think? Let us know in the comments.📞 Need help with crypto tax planning or reporting?👉 https://www.cryptotaxaudit.com/crypto-tax-consultation

⚠️ Disclaimer: This video is for educational and informational purposes only and does not constitute legal, tax, or financial advice.Tax laws and IRS procedures can change, and every situation is unique.You should consult with a qualified tax professional before taking any action based on this content.Watching this video does not create a client relationship with Clinton Donnelly or CryptoTaxAudit.For personalized guidance, visit:👉 https://www.cryptotaxaudit.com/crypto-tax-consultation

🚨 LIVE CRYPTO TAX AMA THIS FRIDAY: LIMITED SPOTSIf you trade crypto, this is information you do not want to miss.👉 Register now (free, live):https://streamyard.com/watch/YKQVzjJtqaS8This week’s AMA breaks down how the IRS actually tracks crypto today, including:• Palantir and blockchain analysis• CARF & DAC8 cross-border reporting• What foreign exchanges may report• Why “just using DeFi” doesn’t eliminate tax exposureSeats are limited and this AMA.

The IRS has used Palantir for nearly a decade to normalize and analyze large datasets, including tax data. With tools like Palantir Foundry, government agencies can now analyze blockchain transactions alongside traditional financial information In Europe, DAC8 implements the OECD’s Crypto Asset Reporting Framework (CARF), enabling cross-border sharing of crypto transaction data between tax authorities. While the U.S. has not formally joined CARF yet, Treasury has recommended participation and the White House is reviewing it This means:• Foreign exchanges may report crypto activity to local tax authorities• That data can be shared internationally• The IRS may receive partial but significant transaction data• Taxpayers are still expected to accurately report their crypto incomeAvoiding centralized exchanges or staying in DeFi does not remove reporting issues, eventual cash-outs require cost basis documentationWhat crypto traders should do now!This is the year to focus on complete, accurate crypto tax reporting. At CryptoTaxAudit, we use a structured methodology (often referred to internally as a “Bulletproof Tax Return”) designed to align reported income with IRS analytical expectations, helping reduce audit friction 📞 Book a confidential consultation:https://www.cryptotaxaudit.com/crypto-tax-consultation
⚠️ Disclaimer: This video is for educational and informational purposes only and does not constitute legal, tax, or financial advice.Tax laws and IRS procedures can change, and every situation is unique.You should consult with a qualified tax professional before taking any action based on this content.Watching this video does not create a client relationship with Clinton Donnelly or CryptoTaxAudit.For personalized guidance, visit:👉 https://www.cryptotaxaudit.com/crypto-tax-consultation

This situation, shared publicly by Stefan Georgi, highlights how IRS enforcement systems work, why interest penalties matter, and why relying on surface-level tax software or assumptions can create serious risk.🔗 Original public post referenced in this discussion:https://x.com/StefanGeorgi/status/2005279901050413341?s=20What this video covers:•Why IRS interest does not stop automatically after payment•How levy and seizure notices are triggered•Why “tax strikes” and non-filing backfire legally•What actually happens when penalties compound•How to respond without increasing audit or enforcement riskIf you’re trading crypto, filing late, or dealing with large corrections, understanding how the IRS enforces balances matters more than the headline number.Get professional help:Full-service crypto tax preparation:👉 https://www.cryptotaxaudit.com/prepDefensible crypto gain calculation (audit-ready):👉 https://www.cryptotaxaudit.com/crypto-gain-calculation#irstaxes #irsnotice #cryptotaxes #cryptotax #irslevy #taxpenalties #cryptogains #taxaudit #cryptotaxaudit #irsenforcementDisclaimer: This video is for educational and informational purposes only and does not constitute legal, tax, or financial advice.Tax laws and IRS procedures can change, and every situation is unique.For personalized guidance, visit👉 https://www.cryptotaxaudit.com/crypto-gain-calculation🔎 RELATED SEARCH TERMS: irs notice of intent to seize, irs interest penalties after payment, why irs sends levy notice, irs property seizure notice, crypto tax audit help, irs penalties explained, crypto gain calculation, irs back taxes interest, tax strike consequencesYou should consult with a qualified tax professional before taking any action based on this content.Watching this video does not create a client relationship with Clinton Donnelly or CryptoTaxAudit.

The IRS is about to get full visibility into your crypto activity. Starting January 2026, the 1099-DA will report every sale, exchange, and transfer you make on US exchanges.

And in 2027, the Crypto Asset Reporting Framework (CARF) brings 90+ countries into the same system.

This means:- Every transaction reported, no minimum amount- Your wallet addresses exposed through transfer data- Foreign exchanges like Binance will collect KYC and report to the IRS- DeFi won't save you

The bigger shift: the IRS is moving away from audits and toward criminal indictments. Look at the Roger Ver case - they went back 10 years and reconstructed his entire portfolio using wallet clustering.

If you're not reporting all your crypto income, you have a narrow window to get compliant. After 2026, the game changes completely.

Get help getting compliant: cryptotaxaudit.com/contactNeed help before CARF goes live?Get a confidential 1:1 strategy session with Clinton Donnelly:👉https://www.cryptotaxaudit.com/crypto-tax-consultation

More help:• Crypto tax audit defense - https://www.cryptotaxaudit.com/taxshield• Education & guidance on crypto tax reporting

Have a question about CARF or foreign reporting?Drop it below and we’ll cover it in an upcoming video.

Disclaimer: This video is for educational and informational purposes only and does not constitute legal, tax, or financial advice.Tax laws and IRS procedures can change, and every situation is unique.You should consult with a qualified tax professional before taking any action based on this content.Watching this video does not create a client relationship with Clinton Donnelly or CryptoTaxAudit.

The IRS is about to receive foreign crypto exchange data, including wallet activity, under the upcoming Crypto Asset Reporting Framework (CARF). U.S. taxpayers now have a very limited window to get compliant.In this video, Clinton Donnelly breaks down what the U.S. Treasury just proposed: participation in the Crypto Asset Reporting Framework (CARF) a global reporting system already signed by nearly 90 countries. CARF is expected to begin data collection in 2027, and foreign countries could start sending reports to the IRS in 2028.CARF goes far beyond a 1099-DA. It could include:- wallet addresses- transfers- exchanges- disposal events- tax residency info- identity details collected by foreign exchangesThis video shows how the IRS may combine CARF data with tools like Palantir to identify who fully reported their crypto — and who didn’t. If you're a U.S. crypto trader with activity on foreign platforms, this may be the most important update you watch all year.
Need help before CARF goes live?Get a confidential 1:1 strategy session with Clinton Donnelly:👉https://www.cryptotaxaudit.com/crypto-tax-consultationMore help:• Crypto tax audit defense - https://www.cryptotaxaudit.com/taxshield• Education & guidance on crypto tax reportingHave a question about CARF or foreign reporting?Drop it below and we’ll cover it in an upcoming video.Disclaimer: This video is for educational and informational purposes only and does not constitute legal, tax, or financial advice.Tax laws and IRS procedures can change, and every situation is unique.You should consult with a qualified tax professional before taking any action based on this content.Watching this video does not create a client relationship with Clinton Donnelly or CryptoTaxAudit.For personalized guidance, visit👉 https://www.cryptotaxaudit.com/crypto-tax-consultation

Protect yourself from IRS crypto audits with TaxShield:👉 https://www.cryptotaxaudit.com/taxshieldOG Bitcoin whales are dumping BTC for Zcash, not because of market cycles, but because of fear.Following the Roger Ver plea deal and the newly demonstrated IRS wallet-tracing capabilities, early Bitcoin holders are panicking over old, unreported gains, potential indictment exposure, and the upcoming 1099-DA reporting rules. In this video, Clinton Donnelly breaks down the tax panic driving BTC’s decline and Zcash’s sudden 10x surge.⏱️ TIMESTAMPS00:00 Why Bitcoin has been falling for two months00:20 Zcash up 10x the rollover trade explained00:37 Fear of criminal indictment among OG whales01:00 How the IRS traced Roger Ver using subgraph analytics01:20 1099-DA begins in January, automatic wallet reporting01:45 CARF expands global reporting to foreign exchanges02:10 How using an old wallet exposes your entire trading history02:45 Why whales are temporarily using Zcash to break legacy traces03:15 Why the Zcash pump is slowing down03:50 The dangers of privacy tokens during an audit04:10 Clinton’s advice if you didn’t report early-year crypto gains📌 ABOUT THIS VIDEOBitcoin’s recent drop is not a normal four-year cycle.OG whales are shifting massive BTC positions into Zcash because:• Wallet tracing now exposes decade-old tax issues• Roger Ver’s plea deal revealed the IRS can fully reconstruct old portfolios• 1099-DA will expose exchange flows automatically starting January• CARF expands wallet reporting worldwide• Using an old BTC wallet today can expose all historical activityThis BTC → ZEC rollover is a short-term privacy maneuver, but it carries its own audit risks. Clinton Donnelly explains the tax mechanics, the legal exposure, and what traders must do to protect themselves.📚 RESOURCES (IRS + DOJ)IRS Form 1099-DA (Digital Asset Reporting):https://www.irs.gov/pub/irs-pdf/f1099da.pdfIRS Digital Asset Guidance (official rules):https://www.irs.gov/businesses/small-businesses-self-employed/digital-assets#bitcoin #zcash #cryptotaxes #irs #crypto #btc #cryptoaudit #cryptotrailer #cryptonews #defi #cryptotrading #bitcoinnews #ogwhales #privacycoins #1099DA #carf🔗 MORE RESOURCES👉 Protect yourself from IRS crypto audits with TaxShield:https://www.cryptotaxaudit.com/taxshield👉 Book a crypto tax consultation:https://www.cryptotaxaudit.com/crypto-tax-consultation👉 Follow Clinton Donnelly on X for real-time updates: https://x.com/CryptoTaxFixerDisclaimerThis video is for educational and informational purposes only and does not constitute legal, tax, or financial advice.Tax laws and IRS procedures can change, and every situation is unique.You should consult with a qualified tax professional before taking any action based on this content.Watching this video does not create a client relationship with Clinton Donnelly or CryptoTaxAudit.For personalized guidance, visit 👉 https://www.cryptotaxaudit.com/taxshieldRELATED SEARCH TERMS: bitcoin tax, zcash privacy, og crypto whales, irs crypto tracing, crypto tax audit, bitcoin wallet tracking, 1099 da rules, carf crypto reporting, crypto indictment risk, bitcoin to zcash rollover, zcash pump explained, crypto privacy tokens, irs crypto crackdown, clinton donnelly crypto tax