Crypto Tax Made Easy · Client Impact Study

We’ve corrected $100.2M in overstated crypto gains. Let’s look at your report.

We re-did 802 crypto tax reports for 304 investors. For every report we compared what the software said against what our reconciliation team found. Here is what changed once a human expert checked the work.

$100.2M

Overstated gains corrected

Overstated capital gains corrected

$51.0M

Underreported gains caught

Modelled potential federal tax, penalty, and interest exposure; not amounts assessed or confirmed by the IRS.

$7,551

Median benefit per client

Median modelled benefit across the 304-client internal US dataset, all included years.

Internal US client study of 304 clients and 802 client-year reports, tax years 2021 to 2026. Clients self-selected for reconciliation, so the dataset is not representative of all crypto software users or future clients. Twenty-five incomplete client entries were excluded. Capital-gains corrections are not tax savings. Tax, penalty, and interest figures are modelled estimates under the stated assumptions; they are not amounts assessed, paid, refunded, or confirmed by the IRS. Individual results vary and may be zero.

See What’s Hiding In Your Report

Upload your current crypto tax report. We’ll tell you what we see and what it would cost to fix, before you decide to work with us.

Where every correction landed

Two ways crypto tax software costs you money.

In all 802 reports we reviewed, 100% had at least one material error the software missed. Every correction fell into one of two buckets.

56.4%

43.6%

Overpaid · 452 reports

$2,199 median modelled federal tax impact, per tax year

The software overstated the client’s gains, usually because of:

Missing cost basis
Double-counting transactions
Mispricing assets
Treating transfers as taxable events

Left alone, that error turns into tax you didn’t actually owe. We find those issues and lower the bill before you file.

Exposed · 350 reports

$1,561 median modelled potential exposure, per tax year

Here the software understated the client’s gains, usually around:

DeFi activity
Wallet-to-wallet transfers
On-chain income that never made it into the report

That leaves you underreporting without realizing it. We catch it before filing, cutting the tax, penalties, and interest exposure you would otherwise carry.

Both figures above are per tax year and count tax dollars only. Every figure further down this page is per client and covers every tax year we handled for that client, so those numbers are larger by design.

Tax software handles routine trades well. Real crypto portfolios are not routine.

What it costs, next to what it’s worth

Historical fees compared with modelled benefits.

In these historical cohorts, 62% of single-year clients and 64% of multi-year clients had modelled tax savings at least equal to their fee. Some clients had smaller savings or none. The two cards describe separate groups split by the number of tax years handled; figures on each card apply only to that group.

Single-year cleanup

Clients who hired us for one tax year only. 82 clients, and every figure on this card covers that single year.

You pay

~$2,100

Median modelled benefit

~$4,874

~2.3xmedian modelled benefit-to-fee ratio across these 82 clients

Average across the cohort: ~39x, or approximately $82,627 in modelled benefit. The average was substantially higher because a small number of large corrections pulled it upward.

62% had modelled tax savings at least equal to their fee; some had smaller savings or none. 26% had modelled tax savings of ten times their fee or more.

For clients who hire us to fix one year before they file. We pull in your software report, rebuild it with our reconciliation process, and show you the before-and-after so you can see the difference.

Multi-year cleanup and ongoing filing

Clients with two or more tax years, a median of three each. 222 clients, and every figure on this card is their total across all of those years.

You pay

~$3,300

Median modelled benefit

~$8,753

~2.7xmedian modelled benefit-to-fee ratio across these 222 clients

Average across the cohort: ~35x, or approximately $116,345 in modelled benefit. The average was substantially higher because a small number of large corrections pulled it upward.

64% had modelled tax savings at least equal to their fee; some had smaller savings or none. 29% had modelled tax savings of ten times their fee or more.

For clients with multiple years to clean up or who stay on for ongoing filing, a median of three tax years each. More years and more complexity is exactly where the software tends to miss cost basis, on-chain income, and cross-platform activity, and where we find the largest corrections.

These are historical, modelled results from a self-selected internal US dataset, not a prediction or promise. Individual outcomes differ and may be zero.

Estimated reconciliation workload handled for you

~132 hrs / client

Estimated reconciliation workload handled for you.

Based on an estimated 50 transactions reviewed per hour. This is a processing-time estimate, not measured client time saved.

Before you file

Is this you?

These three questions come straight from the reports where we found the biggest corrections.

Q1 Did you generate your crypto tax report from software, without a CPA reviewing it line by line?

Q2 Do you have DeFi activity, wallet-to-wallet transfers, staking, or more than one exchange in the mix?

Q3 Has anyone double-checked that report against IRS rules since it was generated?

Request a free quote.

See what our reconciliation team finds in your crypto tax reports. A quote is free, and it costs nothing to find out there’s nothing to find.

Request a Free Quote

Not ready for a quote? See what is included in the done-for-you crypto tax report, or read our client reviews.

For the skeptics: the full data

The numbers behind the claim.

Keep scrolling if you want to check our work: the corrections year by year, the median next to the average, and how four platforms compared.

The deeper we look, the more the software missed

Corrected dollars by tax year.

Total dollars we corrected, per tax year. Not a projection: real before-and-after figures from client reports, cleaned of price-feed errors and reviewed against IRS rules.

$20M

$40M

$60M

Overstated capital gains corrected Underreported capital gains identified

2026 is still in progress and is not shown. The 2024 spike in underreporting reflects a handful of large DeFi portfolios whose original software badly understated on-chain gains.

Typical client vs complex portfolios

Median and average show different features of the dataset.

The median shows the middle observation in the historical cohort. The average is substantially higher because several large, complex portfolios pull it upward.

Modelled federal tax impact

The 452 client-years, across 229 clients, where we lowered an overstated gain

Per tax year

Median

$2,199

Average

~$68,100

Per client, all years

Median

$8,844

Average

~$93,600

Underreporting exposure caught

The 350 client-years where underreporting slipped through: tax, penalties, and interest

Per tax year

Median

$1,561

Average

~$44,231

Per client, all years

Rolled into the combined total benefit below. We don’t track penalty exposure separately at the full-client level.

$7,551

Median modelled combined benefit per included client, all years (modelled federal tax impact plus modelled potential penalty and interest exposure)

~$99,100

Average modelled combined benefit per client, across all 304 included clients

Why the gap between median and average? Averages get pulled up hard by our largest, most complex clients. A handful of very large portfolios had modelled estimated federal tax impacts above $10 million. These observations pull the average upward and should not be treated as representative of future clients.

How this squares with the other numbers on this page. $7,551 is the median across every client, single-year and multi-year together. Split by engagement it becomes ~$4,874 for single-year clients and ~$8,753 for multi-year clients, and the all-client median lands between them because multi-year clients have more tax years feeding into their total. The $2,199 near the top of this page is a different unit again: tax dollars only, for a single tax year, on the years where the software overstated a gain. It is not a per-client figure and it is not meant to be compared with these. The $8,844 in the modelled federal tax impact column above is narrower again: it counts modelled federal tax dollars only, across only the 229 clients where we lowered an overstated gain, which is why it can sit higher than the $7,551 all-client figure.

Anonymized, by platform

How four crypto tax platforms compared.

Median error we found in each platform’s output, ranked by sample size. This isn’t a scorecard on any one product. Every platform here handles routine trades well. The point is that without a review, you either check the software’s work by hand or carry the risk it leaves behind.

Median gain overstated (money we found) Median gain understated (exposure we found)

Platform	Client-years	Median overstated	Avg overstated	Median understated	Avg understated

Figures are raw capital-gains dollars, not tax dollars. Some client-year reports used more than one crypto tax platform, so platform observations total more than the 802 client-year reports in the overall study. Platform D’s sample is small (11 client-years); treat it as directional. Company-wide median modelled federal tax impact ($2,199) and modelled potential exposure ($1,561) are shown above; we don’t yet break tax dollars out at the platform level.

Methodology, assumptions, and limitations

How we ran the numbers.

Dataset inclusion. The final analyzed dataset contains 304 clients and 802 client-year reports. Twenty-five incomplete client entries were excluded.
One client-year is one observation. One client, one tax year, with a reported capital-gains figure before our reconciliation and one after. A year counts only when both exist.
Federal capital gains only. Tax impact is estimated by running each client-year through the 2025 progressive federal bracket schedule (IRS Rev. Proc. 2024-40, single filer, short-term rates) stacked on the US median household income of $83,730 (Census, 2024).
Penalties and interest. Underreporting exposure adds one year of IRS failure-to-pay penalty (0.5% per month, IRC §6651(a)(2)) plus one year of underpayment interest (7% per year). Counted for a single year, though real underreporting often runs several years before it is caught.
What is excluded. State income tax, Net Investment Income Tax (NIIT), multi-year exposure, IRC §6662 accuracy penalties, and the penalty abatements our CPA team negotiates after underreporting is found. Actual outcomes may be higher or lower.
The usual caveats. Figures are estimates of tax impact from Crypto Tax Made Easy’s internal client dataset. Client identities and software platforms are anonymized. Past results don’t dictate future performance. This is not tax advice.

Figures are estimates from Crypto Tax Made Easy’s internal US client dataset (304 included clients, 802 client-year reports, tax years 2021 to 2026). Twenty-five incomplete client entries were excluded. Client identities and software platforms are anonymized. Every figure on this page is defined in our proof-point methodology.

Important disclosures

These figures are historical estimates, not a promise of results. All dollar amounts are drawn from Crypto Tax Made Easy’s internal client records over tax years 2021 to 2026 and are estimates calculated on the stated assumptions. They describe what happened for past clients. They are not a guarantee, projection, or prediction of the outcome for any current or future client.

Individual results vary and the results shown are not typical of every client. The medians and averages on this page are drawn from a large set of client files, and outcomes differ widely between clients. Averages are pulled upward by a small number of large, complex portfolios. Your own result depends on your transaction history, the quality of your records, your portfolio, your jurisdiction, and your individual tax position. Many clients will see materially smaller amounts, and some will see none. No specific saving, refund, or reduction in tax, penalties, or interest is promised or implied.

Estimates and exclusions. Tax impact is modeled on United States federal capital gains only, using 2025 single-filer ordinary rates stacked on median US household income, plus one year of failure-to-pay penalty and IRS interest. State and territory taxes, the Net Investment Income Tax, multi-year exposure, accuracy-related penalties, and any penalty abatements are excluded. Actual tax outcomes are determined by your own filings and the relevant tax authority, and will differ from these estimates. Clients outside the United States are subject to their local law, and their results will differ.

Software comparisons. Tax software platform names are anonymized. The differences shown reflect corrections our team made on individual client files after reconciliation. They are not an audit, benchmark, or general assessment of any product’s accuracy, and are not intended to disparage any provider. Each platform can produce accurate results for routine activity.

Not advice. This page is general information for prospective clients and is not tax, legal, accounting, or financial advice, and it does not create a professional relationship. Any engagement is governed by a separate written service agreement. Crypto Tax Made Easy makes no representation or warranty, express or implied, as to the completeness or accuracy of the estimates on this page. Please seek advice on your own circumstances before acting.