Cryptocurrency is no longer a niche investment topic — it is becoming a growing reality for taxpayers, businesses, and accounting professionals alike. In this episode of TXCPA Houston Virtual Rolodex, Kristie Ondracek sits down with cryptocurrency tax and accounting specialist Saim Akif to break down the evolving world of crypto reporting, compliance, and blockchain innovation.

Saim shares practical insights into why cryptocurrency taxation is far more complex than many realize, especially with the rollout of new 1099-DA reporting requirements. From wallets and exchanges to cost basis tracking and self-custody transactions, he explains the risks CPAs and taxpayers face when crypto records are incomplete or misunderstood.

The conversation also explores the future of blockchain, the government’s ongoing efforts to regulate digital assets, and why accounting professionals should embrace — not fear — this rapidly evolving space.

What You’ll Learn

• Why cryptocurrency accounting is becoming relevant for every CPA firm
• What the new 1099-DA reporting requirements mean for taxpayers
• How crypto wallet transfers can create reporting challenges
• Why accurate cost basis tracking is critical
• Common mistakes taxpayers and practitioners make with crypto reporting
• The importance of quarterly crypto reconciliations
• How blockchain and tokenization may reshape the future of finance

Key Leadership Insight

“The professionals who lean into learning emerging technologies today will be the ones best positioned to serve clients tomorrow.”

Why This Matters

As cryptocurrency adoption continues to grow, CPAs and financial professionals can no longer afford to ignore digital assets. Understanding the basics of blockchain reporting, documentation requirements, and compliance risks is essential for protecting clients, minimizing tax exposure, and staying ahead in a rapidly changing financial environment.

Guest Bio

Saim Akif is a Houston-based CPA and CFA specializing in cryptocurrency tax and accounting. He works with taxpayers and CPA firms across the country to help reconcile crypto transactions, interpret evolving reporting requirements, and navigate the complexities of blockchain-based assets. Saim is passionate about educating practitioners and simplifying cryptocurrency accounting for both clients and professionals.

Connect with the Guest

LinkedIn: https://www.linkedin.com/in/saim-akif/

SAIM AKIF CPA

Phone: (713) 451-9700

Email: [email protected]

Saim's Website https://saim.cpa

Main Website www.akifcpa.com