Princeton, N.J.-based IPA 100 agency Withum (FY24 internet income of $610.7 million) has launched a cryptocurrency value foundation monitoring service designed to assist people and companies navigate the complexities of digital asset taxation and compliance.
The brand new providing comes because the IRS requires Kind 1099-DA for the primary time in 2025, mandating entities with digital asset transactions to file detailed experiences. Withum’s answer leverages know-how integrations and in-house experience to assist shoppers precisely monitor the price foundation of crypto holdings, meet IRS reporting necessities and strategically plan for tax obligations.
“Because the crypto business continues to mature and rules evolve, our shoppers require extra than simply compliance – they want readability and technique,” mentioned Dan Krolikowski, associate and co-leader of Withum’s founders and tech government companies observe. “This providing empowers our shoppers to make knowledgeable choices, scale back tax publicity and keep forward of regulatory modifications.”
The service addresses challenges distinctive to digital property resembling high-frequency buying and selling, decentralized finance exercise, NFT transactions and cross-border occasions. Capabilities embody audit-ready tax experiences, strategic tax planning, seamless pockets and trade knowledge aggregation, automated value foundation monitoring utilizing FIFO, LIFO and Particular ID strategies and classification of complicated crypto occasions.
Withum notes the service is tailor-made for high-net-worth people, crypto-native companies, startups, household places of work, wealth managers and institutional buyers.
