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Get Ready for New 1099-DA Crypto Reporting Rules

As we look ahead to the upcoming tax year, it's crucial for taxpayers involved with digital assets to understand the changes coming with the new Form 1099-DA reporting requirements. Set to officially take effect for the 2025 tax year, brokers will begin issuing these forms to both the IRS and taxpayers by early 2026. Previously, reporting of digital asset transactions was predominantly reliant on self-reported data, which often resulted in discrepancies and issues with underreporting.

Our team here in Las Vegas, NV, with expertise in tax resolution and individual attention for our clients, is well-prepared to guide you through these changes. We specialize in assisting business owners and self-employed individuals to ensure compliance while maximizing tax credits and deductions.

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Given the breadth of changes, staying informed and prepared is vital. Our expert team is here to offer the detailed personal attention needed to navigate these complexities successfully.

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