Monaco CPA Tax and Accounting Resources
Expert guides, compliance tools, and industry insights for cryptocurrency investors, small business owners, and taxpayers.
About This Resource Center
The Monaco CPA Resource Center provides educational content developed by Gregory Monaco, CPA, MBA, and reviewed for accuracy in the current tax landscape. Whether you're navigating cryptocurrency regulations, streamlining business operations, or planning your tax strategy, these resources support informed decision-making.
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Last Updated: December 2025
Tax Year Coverage: 2025–2026
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Need personalized advice? These guides provide general information. For guidance specific to your situation, schedule a consultation.
Cryptocurrency Tax Resources
For: Traders, Miners, Stakers, and DeFi Users
Our specialized resources cover digital asset compliance, IRS reporting requirements, and the new Form 1099-DA regulations.
Featured Crypto Guides
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Mining Tax Guide: Income recognition for Bitcoin/ASIC miners, business vs. hobby classification
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Staking & Rewards: Validator income taxation, liquid staking tokens (Lido, Rocket Pool)
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DeFi & Yield Farming: Liquidity pools, wrapped tokens, protocol interactions
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NFT Taxation: Capital gains, collectibles rates, creator royalties
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2025 Crypto Tax Checklist: Complete compliance guide for the current tax year
2025 Regulatory Updates
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Form 1099-DA: Cryptocurrency exchanges will issue this new form for 2025 transactions (received in early 2026)
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Revenue Procedure 2024-28: Requires wallet-by-wallet cost basis tracking starting January 1, 2025
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IRS Enforcement: Increased audit activity targeting unreported crypto transactions
Small Business Resources
For: Business Owners and Managers
Bookkeeping and Operations
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QuickBooks Support: Expert setup, cleanup, and training for accurate reporting
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Payroll Services: Tax deposits, filings, W-2s—avoid trust fund penalties
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Accounts Payable: Optimize cash flow, capture early payment discounts
Tax Planning Guides
Tax Preparation Resources
Monaco CPA provides tax preparation services for individuals, businesses, and cryptocurrency investors. Our approach combines technology automation with expert review to ensure accuracy and compliance.
Services include:
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Individual tax returns (Form 1040)
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Business returns (S-Corp, Partnership, C-Corp)
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Cryptocurrency Form 8949 preparation
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Multi-state filing
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Amended returns and prior-year filings
Financial Planning
Strategic financial planning helps you build long-term wealth and achieve your goals. Our services include:
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Retirement planning and contribution optimization
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Tax-efficient investment strategies
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Business succession planning
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Estate planning coordination (with your attorney)
Professional Standards and Credentials
Monaco CPA maintains the highest professional standards:
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American Institute of CPAs (AICPA): Member in good standing
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New Jersey Board of Accountancy: Licensed CPA
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QuickBooks Online: Certified ProAdvisor
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Continuing Education: Regular training on cryptocurrency taxation and regulatory changes
Frequently Asked Questions
What is Form 1099-DA?
Form 1099-DA is a new IRS form that cryptocurrency exchanges will issue starting in 2026 (for 2025 transactions) to report digital asset sales. It replaces the patchwork of 1099-K and 1099-B forms previously used by some exchanges.
How are DeFi transactions taxed?
DeFi transactions can trigger taxable events including token swaps (capital gains), yield farming rewards (ordinary income), liquidity pool deposits/withdrawals, and airdrops. Each interaction with a smart contract must be evaluated for tax implications.
What is Revenue Procedure 2024-28?
Revenue Procedure 2024-28 establishes that taxpayers must track cryptocurrency cost basis on a wallet-by-wallet, account-by-account basis starting January 1, 2025. This makes accurate record-keeping more important than ever.
Are these tax resources updated for 2025?
Yes. All Monaco CPA resources are reviewed and updated for the 2025-2026 tax year, including the latest IRS guidance on Form 1099-DA and Revenue Procedure 2024-28.
Client Referral Program
Refer a friend or business to Monaco CPA and receive exclusive benefits. Learn about our referral program →
Need Personalized Help?
These resources provide general information. For advice tailored to your specific situation, schedule a consultation.
Schedule a Free Consultation →
Phone: (862) 320-9554
Email: Greg@MonacoCPA.CPA
Location: Livingston, New Jersey
© 2025 Gregory Monaco, CPA LLC. All Rights Reserved.