Built for the clients that general-practice CPAs turn away.
Chainblock specializes in five client types, each with a distinct tax profile, a distinct set of IRS risks, and a distinct documentation requirement. If you are in one of these categories, you are exactly who this practice was built for.
Schedule a 30-minute intake →CEX + DEX, 10,000+ transactions per year
High-volume traders face the most complex 1099-DA reconciliation challenges: multiple exchanges, self-custody wallets, cross-chain bridges, and a year’s worth of transactions that no single exchange sees in full.
What we handle:
- Full-year transaction reconciliation across all exchanges and wallets
- HIFO / FIFO / LIFO modeling to surface the optimal method per wallet
- Trader tax status (TTS) analysis and IRC §475(f) mark-to-market election
- Quarterly estimated payments calibrated to realized gains
Proof-of-work: Schedule C vs. hobby, depreciation
Miners face an income characterization question at receipt (ordinary income at FMV), a Schedule C vs. hobby question on operations, and a depreciation question on equipment. Each has real tax dollars attached, and the IRS challenges all three.
What we handle:
- FMV-at-receipt income recognition and documentation
- Schedule C structuring with profit-motive substantiation
- Equipment depreciation: Section 179, bonus depreciation, MACRS
- Power cost tracking and home-office / facility deduction optimization
LPs, yield farming, staking, lending protocols
DeFi activity creates taxable events that most software tools do not handle correctly: LP entry and exit, impermanent loss, yield farming rewards, lending protocol interest, and staking reward characterization. Every one of these requires a documented methodology.
What we handle:
- Liquidity pool entry / exit treatment and LP token cost basis
- Staking reward characterization under Rev. Rul. 2023-14 and Jarrett
- Yield farming and protocol rewards as ordinary income at FMV
- Lending protocol collateral and liquidation events
Basis tracking, character classification, royalties
NFT creators and collectors face a character question on every sale: capital vs. ordinary? Collectible vs. non-collectible? Creator royalties vs. passive income? These distinctions can be worth 10+ percentage points in federal tax rate.
What we handle:
- NFT capital vs. ordinary income classification (IRC §1221 and §1222)
- 28% collectible rate analysis for “works of art” under IRC §1(h)(5)
- Creator royalty income: Schedule C treatment, self-employment tax
- ERC-721 and ERC-1155 lot basis tracking across secondary sales
LLC / S-corp / C-corp structuring, token issuance, treasury accounting
Crypto-native founders and business treasuries have the most complex compliance profiles: entity selection, token issuance tax treatment, treasury mark-to-market questions, payroll integration, and multi-entity consolidation.
What we handle:
- Entity selection: LLC / S-corp / C-corp / DAO modeled for your specific activity
- Token issuance: ordinary income at receipt, basis in issued tokens
- Treasury crypto accounting: mark-to-market vs. historical cost treatment
- Multi-entity K-1 preparation and inter-entity crypto transfers
See yourself in one of these profiles?
A 30-minute intake call tells us everything we need to scope your engagement. No pressure, no obligation — just clarity.
Schedule a 30-minute intake →