Patrick Camuso, CPA (@patrickcamuso) 's Twitter Profile
Patrick Camuso, CPA

@patrickcamuso

Forbes Best-In-State CPA | Founder, Camuso CPA | Crypto Accounting & Tax Strategy for Investors & Web3 Founders | Web3 CFO

ID: 3025599093

linkhttp://CamusoCPA.com calendar_today08-02-2015 21:48:49

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At Camuso CPA, we don’t just hire crypto accountants. 🚀We build them. Most firms throw new hires into chaos. Trial by fire. Endless errors. Burnout. We built one of the strongest training systems in the industry. A structured, repeatable program that takes a new accountant

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In digital assets, being “compliant” isn’t enough. The real value is preventing disasters before they happen. And make no mistake, those disasters are coming. The rollout of 1099-DA reporting and misinterpretations of Rev. Proc. 2024-28 will create a wave of costly mistakes

In digital assets, being “compliant” isn’t enough. 

The real value is preventing disasters before they happen.

And make no mistake, those disasters are coming. 

The rollout of 1099-DA reporting and misinterpretations of Rev. Proc. 2024-28 will create a wave of costly mistakes
Patrick Camuso, CPA (@patrickcamuso) 's Twitter Profile Photo

For over a decade, crypto operated in regulatory ambiguity. Now the 1099-DA reporting is taking effect, Rev. Proc. 2024-28 is reshaping cost-basis strategy, and rules are reaching deeper into on-chain transactions and digital assets. Enforcement is accelerating, and the margin

For over a decade, crypto operated in regulatory ambiguity.

Now the 1099-DA reporting is taking effect, Rev. Proc. 2024-28 is reshaping cost-basis strategy, and rules are reaching deeper into on-chain transactions and digital assets. 

Enforcement is accelerating, and the margin
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Life at Camuso CPA What we’re moving across the board: 👉 Consultation with a $300M protocol on audit readiness 👉 Strategic tax advisory + accounting reconciliation for a $100M investor 👉 Cleanup accounting for an 8-figure investor (2016–2024 records) 👉 Accounting system

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The Financial Frontier is the table where crypto tax, accounting, and compliance are defined. This platform brings together policy architects, tax leaders, and regulatory insiders to map the next phase of the digital asset economy. Our discussions span from IRS 1099-DA

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There’s a lot of misinformation floating around about Mt. Gox repayments and crypto tax. I partnered with Koinly to clarify everything in one definitive guide: 👉 koinly.io/blog/mt-gox-ta…

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The next era of accounting won’t be traditional. It won’t even be just crypto-native. It will be crypto-native + AI-enabled. As digital asset adoption accelerates, investors and Web3 enterprises need firms that combine deep tax and accounting expertise with intelligent

The next era of accounting won’t be traditional. 

It won’t even be just crypto-native. It will be crypto-native + AI-enabled.

As digital asset adoption accelerates, investors and Web3 enterprises need firms that combine deep tax and accounting expertise with intelligent
Patrick Camuso, CPA (@patrickcamuso) 's Twitter Profile Photo

Crypto tax has reached an inflection point. The rollout of 1099-DA and Revenue Procedure 2024-28 signals the start of a new enforcement era. One that will redefine how investors, founders, and platforms approach compliance. On The Financial Frontier, I spoke with Raj

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The Financial Frontier is where crypto tax and compliance leaders set the agenda. Recent and upcoming episodes feature: 👉Sulolit "Raj" Mukherjee J.D.: Former IRS Executive Director of Digital Assets, now CEO of Bodin Advisory LLC 👉Andrew Gordon: Managing Partner at Gordon

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PayPal’s PYUSD. Stripe’s settlement rails. Visa and Mastercard blockchain pilots. Coinbase Commerce on Shopify. Stablecoin payments are becoming infrastructure for modern commerce. 👉 The opportunity: faster settlement, lower fees, global reach. 👉The risk: complex accounting,

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Crypto taxation is entering a new chapter. Every investor, founder, and platform operator now faces a transformed compliance landscape. On this episode of The Financial Frontier, I sit down with Sulolit "Raj" Mukherjee J.D., former Executive Director of the IRS Office of

Crypto taxation is entering a new chapter.

Every investor, founder, and platform operator now faces a transformed compliance landscape.

On this episode of The Financial Frontier, I sit down with Sulolit "Raj" Mukherjee J.D., former Executive Director of the IRS Office of
Patrick Camuso, CPA (@patrickcamuso) 's Twitter Profile Photo

The firms that thrive in the next decade won’t retrofit legacy models. They’ll be built digital-first, from the ground up. As tokenized assets, decentralized platforms, and real-time global finance reshape the economy, on-chain tax and accounting systems are no longer optional,

The firms that thrive in the next decade won’t retrofit legacy models. They’ll be built digital-first, from the ground up.

As tokenized assets, decentralized platforms, and real-time global finance reshape the economy, on-chain tax and accounting systems are no longer optional,
Patrick Camuso, CPA (@patrickcamuso) 's Twitter Profile Photo

10 years after the Mt. Gox collapse… Investors are finally being repaid. I just published a breakdown with Koinly on how to report Mt. Gox repayments in 2025 and why getting basis calculations wrong could trigger audits. 👉 What to report 👉 What NOT to report 👉

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The IRS eliminated post-sale lot identification practices under Revenue Procedure 2024-28. Under this new regime: 👉Cost basis must be tracked at the account or wallet level 👉Specific Identification (SpecID) requires pre-sale designation 👉FIFO applies by default in the

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Crypto policy is no longer abstract, it’s the line between growth and gridlock for the entire industry. That’s why I brought Andrew Gordon of Gordon Law Group and Main Street Crypto PAC onto The Financial Frontier. Together, we compared insights from both of our practices on

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The IRS has clarified that Specific Identification (SpecID) is only valid if performed: 👉At the wallet or exchange account level 👉Prior to the disposition of the digital asset Most crypto tax software and practitioners have historically applied SpecID globally and