Pig butchering crypto scams are long-form investment fraud schemes where criminals build trust over time, persuade victims to invest through fake crypto platforms, show false profits, and then block withdrawals or demand more payments. For California victims, the legal response should begin quick...
Recover stolen cryptocurrency efforts should begin immediately after a wallet drain, exchange hack, phishing attack, fake investment platform, SIM swap, seed phrase compromise, or romance-related crypto scam. Crypto transfers can move quickly across wallets, bridges, mixers, decentralized exchang...
DeFi tax reporting is one of the most difficult areas of crypto tax compliance because decentralized finance transactions often combine trading, income, lending, staking, wrapping, and smart contract activity in a single wallet history. California crypto investors may use a decentralized exchange...
Staking rewards tax questions are becoming more common as California crypto investors earn rewards through proof-of-stake networks, exchanges, liquid staking protocols, and decentralized finance platforms. The general federal rule is that staking rewards are taxable when you receive rewards and h...
Crypto tax audit defense starts before you send anything to the IRS. If you receive an IRS letter about Bitcoin, Ethereum, NFTs, DeFi transactions, staking rewards, exchange activity, or unreported digital asset income, your first response can shape the entire case. A notice does not always me...
How to report cryptocurrency losses is an important question for investors who sold, traded, exchanged, or otherwise disposed of digital assets at a loss. A drop in market value alone is usually not enough. For tax purposes, the loss generally matters when there is a taxable disposition, such as ...
Form 1099-DA: Crypto Tax Reporting Rules Explained Form 1099-DA is the IRS information return for digital asset proceeds from broker transactions. For crypto investors, NFT sellers, payment users, founders, and California taxpayers, the form can affect how sales, exchanges, redemptions, and cert...