Crypto Taxes 101

Decoding the Complexity of Digital Asset Taxes

It’s tax season.

For many who own or interact with crypto and other digital assets, the IRS’s guidance on crypto tax reporting has raised more questions than answers. 

Taxes aren’t anyone’s favorite topic, but it’s important to understand when you need to report taxes on your crypto activity to avoid a costly IRS audit.

There are a lot of moving pieces, confusing terminology, and fear of potential repercussions if you report inaccurately. But if you’re overwhelmed by the time-intensive and complex burden of crypto tax reporting, our experts are here to help. 

Join our Subject Matter Experts:  Aaron Jacob, Seth Wilks, and Nicki Sanders as they demystify and answer your questions on all things crypto. 

Key Topics:

  • How does the IRS classify and tax cryptocurrency?

  • What crypto transactions are taxable?

  • How can investors offset capital gains with capital losses?

  • What are the tax implications of DeFi?

  • What do creators and investors need to know about NFT taxes?

Register now!

Seth Wilks

Senior Director of Government Relations, Subject Matter Expert

Aaron Jacob

Head of Enterprise Resource Planning

Nikki Sanders

Principal Software Engineer, Blockchain Research and Development

Available On Demand

About the Speakers

Seth Wilks

Senior Director of Government Relations, Subject Matter Expert

Seth Wilks serves as TaxBit's Senior Director of Government Relations.

He's regarded as a leading expert on cryptocurrency tax matters and been heavily involved in educating and informing policy makers and regulators in all financial matters related to digital assets. In March 2020, he was recognized as a cryptocurrency tax specialist and served as a panelist at the IRS’ invite-only Virtual Currency Summit at the IRS’ headquarters in Washington, DC. Seth focuses his efforts on developing relationships with key crypto players on Capitol Hill as well as within the Treasury Department and the IRS.

He started his career as a Tax Consultant for Big Four accounting firm EY and led global tax departments for Fender Musical Instruments, P.F. Chang’s China Bistro, and Clarus Corporation (Black Diamond Equipment).

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Aaron Jacob

Head of Enterprise Resource Planning

Aaron Jacob serves as TaxBit's as Head of Enterprise Resource Planning (ERP). In this role, Aaron leads TaxBit’s efforts to build and scale the TaxBit Corporate Accounting Suite—the first-ever, SEC- and Big 4-grade ERP solution for digital assets.

Prior to TaxBit, Aaron spent eight years at Chatham Financial working with the treasury and accounting teams of corporate and large financial services clients. He advised companies on: derivative portfolio management; finance and accounting process transformation; technical accounting solutions; and oversaw the development of Chatham’s core financial services technology. During this time, Jacob worked across many asset classes including: equities, foreign currency, interest rates, and commodities.

Aaron previously worked at the Financial Accounting Standards Board (FASB), where he assisted the Board in making improvements to US generally accepted accounting principles (GAAP). 

He has a Master’s Degree in Accounting from BYU and earned his MBA from The Wharton School where he graduated as a Palmer Scholar.

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Nikki Sanders

Principal Software Engineer, Blockchain Research and Development

Nicki Sanders is the head of blockchain engineering at TaxBit where she leads blockchain research and development specifically for DeFi and NFT contracts.

Sanders has a bachelor’s degree in computer science from the University of Utah and has an extensive background in software engineering. Prior to joining TaxBit, Sanders worked at Medici Ventures and tZERO Group, Inc., where she designed, architected, and implemented tZERO’s Global Security Standard for digital securities. During this time, Sanders also led the mobile applications development team for tZERO’s Crypto App.

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