What makes crypto traders different from an ordinary filing?
Crypto held with a foreign exchange is foreign property in most reporting regimes even though the asset itself has no location, and the reporting is due whether or not anything was sold. An ordinary preparer applies the general rule and stops there, which is how the relief in the specific provision goes unclaimed.
Can you work with my existing accountant?
That is how most of these engagements run. They keep the domestic file, we take the cross-border piece, and the boundary is agreed in writing so nothing is done twice or missed.
What crypto losses do traders typically fail to claim?
Losses from a wallet that became inaccessible, an exchange that failed, or a token that lost all value are often left unclaimed because traders assume there is nothing to report once the asset is gone. Properly documented, these can offset gains elsewhere in your portfolio. We help establish the loss with the records a tax authority expects to see.
Is there relief for crypto held across more than one country?
Where the same holding could be taxed in more than one jurisdiction, treaty relief or a foreign tax credit is usually available to prevent double taxation, but it has to be claimed and supported with the right cost-basis records. We reconcile your acquisition history across exchanges so the credit is calculated accurately rather than estimated.
Do traders miss out on relief by not tracking cost basis carefully?
Yes, inconsistent cost-basis tracking across multiple exchanges is the most common reason traders overpay, because gains get calculated against an inflated basis or losses go unmatched to the right disposition. We rebuild a consolidated cost-basis ledger from your exchange and wallet history so every available offset is actually captured.
Which countries have a tax treaty with the United States?
Around sixty, including Canada, the United Kingdom, India, Australia and most of western Europe — but the list matters less than the terms, because each treaty caps rates and allocates income differently. Two countries with treaties can produce opposite answers on the same pension or the same royalty. What decides your position is the specific article covering your income type. See our country guides.
What is cross-border tax?
Cross-border tax is what applies when income, assets or people touch more than one tax system at once — someone living in one country and earning in another, a company selling or hiring abroad, a family holding property in a second country. The work is rarely one country's rules applied harder; it is reconciling two sets of rules and claiming the relief that stops the same income being taxed twice at full rates. See what we do.
