Andrew Gordon

We could generate billions in crypto tax revenue from people who want to pay. They’re not hiding. They’re confused and scared of getting crushed for mistakes. 1099-DA Forms are putting the crypto industry in a terrible position: comply perfectly or risk penalties. There’s a solution: a Crypto Voluntary Disclosure Program. Let people come forward, pay tax + a manageable penalty, and move on. In the past, a voluntary disclosure program allowed people to come forward, report their assets, pay a small penalty and tax, and move on. We need the same type of program for the crypto industry. #CryptoTaxes #Crypto #GordonLaw

Credit to @SenThomTillis and @Sen_Alsobrooks for bridging the partisan divide to tackle a difficult issue. More work to be done to close out this and other outstanding issues, but this is a major milestone toward passing the CLARITY Act.

We need crypto tax legislation NOW. Millions of taxpayers want to pay their fair share. They just don’t know what their share is (and neither does the IRS). Thank you Congressman for leading on this important issue.

Crypto scams impact millions of us every year. Everyday I talk to victims who have large tax bills as a result. We need relief for scams, not added tax. Reshare and let’s spread the word. Congress gave a break for Madoff Ponzi scheme victims, why not crypto?

@NewsAsset Exactly. I speak to crypto investors everyday that are afraid of JAIL and haven’t filed tax returns. They are afraid of the amount they will owe. I explain the IRS will work out a payment plan, but not filing is a big problem.

You don’t go to jail for not paying your taxes. You go to jail for not FILING YOUR TAXES. JUST FILE YOUR TAXES ALREADY

@JulieKennis See you there!

Julie & Joxie take Las Vegas!! We are going to take the city by storm, and I can’t wait to take you all for the ride! Want to team up? DM’s are open!! See you in Vegas for the Bitcoin Conference! Powered by: Gokhshtein News Network

@derExecutor @Masked_Ninja67 Let’s chat. Our team can help sort it out.

@Masked_Ninja67 @accounting I panicked during tarriffs and my whole bag in and out of Coinbase several times so its a fucking inflated mess on the 1099da. I am beside myself

The IRS is not receiving cost basis this year on your reported trades. They just see sale price or proceeds. To avoid an inflated tax bill, calculate and report the cost basis on your taxes.

@big_duca US tax law is a complicated beast, even for US lawyers/accountants.

I don't mean to be overly rah-rah about the US. But I find it a bit odd how many of the biggest crypto tax softwares are not actually US companies. All major US tax softwares are built by US-based companies. Except in crypto, where some of the most popular ones are overseas.

@coinbase $0 cost basis is a BIG problem with this form We need simpler tax reporting, not more work for users x.com/gordonlawltd/s…

Crypto taxes in 2026, a cheat sheet: ✔ new form: 1099-DA ✔ sold crypto? taxable event ✔ moved assets? your cost basis probably shows as "unknown" ✔ "unknown" = the IRS may assume you paid $0 and you'll need to reconcile your basis Full unlock here ↓

@GarrettLucas Right. It’s a big problem. They are forcing taxpayers to hire pros.

@accounting They aren't receiving my cost basis on a lot of trades next year either. I could buy something from a non-reporting exchange, move it to a US exchange to sell, and still no cost basis to be reported.

@henesystemd @big_duca I’m fighting for a crypto voluntary disclosure program. I’d love to hear your story and bring it to DC. We need everyone’s voices.

@accounting @big_duca We need a general amnesty for reporting errors when a transaction occurred before a certain year. There are so many closed exchanges because of adversarial action from former SEC chairs. The government caused this problem, so they should afford a solution.

Whoever designed the 1099DA was retarded. Deduping data against them is so hard bc there are no trade IDs. Can someone who actually lobbies the gov try to get that in. Makes matching data / cost basis absolute pain in the ass.

@nsquaredvalue Harvest losses?

@accounting thankfully i bought at the top

@ItsTymo @summ_app Time to call in a pro! Our team helps fill the gaps that software has. Especially with 1099-DA reporting, it’s more difficult than ever before to report accurately. And even worse, the IRS expect it.

I'm struggling hard with my crypto accounting this year. I've used CryptoTaxCalculator (@summ_app) and even vouched for them, but despite hours of work this year, I still can't get it to report anything close to accurate. What are my fellow US tax payorrrs using?

@OneFourSixOneOh @CryptoParadyme

@accounting @CryptoParadyme Thank you. No clue why this isn’t more of a priority. Being the “crypto capitol of the world” is a joke with these tax rules

for my fellow turbotax desktop users filing this year esp the ones using Koinly. there are problems.

@MohamedGigaChad @mantis_oc @krakenfx @BurwickLaw File an extension!

@mantis_oc @accounting @krakenfx @BurwickLaw Support doesn't even know if it is coming out before April 15th

@krakenfx promised Form 1099-DA by 3/13. I’m hearing many haven’t received them. Are you still waiting on your 10999-DA?

@criptoehawaii @krakenfx You should consider extending and filing once you receive the form

@accounting @krakenfx Never got mine! I was forced to do my taxes without the 1099da

@highstakevegas No. You need to use software or a professional that can fill in the basis on the 1099-DA based on your prior purchases. Otherwise you’ll be asking for an IRS notice.

@accounting Can I skip the 1099-DA and just report on the 8949 as I always do my actual gains? I don’t understand what I do with the 1099-DA.

Form 1099-DA is what happens when the IRS doesn’t understand crypto. We can’t force compliance before the tools are there.