About
Chainwise CPA, a trade name of Polygon Advisory Group, LLC, established in October 2020 and based in Virginia, is a leading CPA firm specializing in cryptocurrency taxation that serves crypto clients in all 50 states. The team excels in handling complex crypto transactions, including DeFi activities, staking, liquidity mining, NFTs, on-chain loans, and wallet-by-wallet reconciliations. Chainwise CPA is recognized for its deep expertise in U.S. tax compliance for digital assets and has successfully reconciled thousands of crypto accounts for both individual and business clients.
Experience and qualifications
The firm is led by co-founders Sharon Yip, CPA, and Phil Gaudiano, CPA, both licensed CPAs in Virginia and who maintain professional memberships with AICPA and VSCPA.
Client focus
Chainwise CPA is a US-based CPA firm dedicated to cryptocurrency taxation that provides comprehensive crypto tax services, including account reconciliation, tax reporting, tax return preparation, and strategic tax planning. Clients range from individual crypto investors with high-volume or complex transactions to businesses operating in the crypto space, such as blockchain companies, crypto funds, Web3 startups, and crypto-native service providers.
Service offerings
Chainwise CPA can assist with:
Crypto Account Reconciliation: Wallet-by-wallet reconciliation to ensure accurate cost basis tracking and IRS compliance.
DeFi Transactions: Comprehensive reporting for lending, borrowing, liquidity pools, yield farming, liquid staking, and DeFi protocols.
NFT Transactions: Tax treatment of NFT minting, buying, selling, royalty income, and gas fee allocation.
Token Sales & ICOs/IDOs/IEOs: Tax reporting for initial coin offerings, initial DEX offerings, and centralized exchange token sales.
Liquidity Pools & AMM Participation: Income recognition, capital gains, and impermanent loss calculations for automated market maker protocols.
On-Chain Loans & Collateralized Lending: Analysis and reporting of crypto-backed loans, liquidations, and interest income.
Bridged Transactions & Cross-Chain Swaps: Tracking cross-chain activity and bridging assets between blockchains.
Airdrops & Forks: Income recognition and tax compliance for received tokens via airdrops or blockchain forks.
Staking & Validator Rewards: Tax reporting for staking rewards, validator income, and liquid staking derivatives.
Wrapped Tokens & Derivatives: Treatment of wrapped assets (e.g., wBTC) and crypto derivatives.
Crypto Tax Planning & Advisory: Strategic guidance for tax optimization, harvesting gains/losses, and future compliance.
IRS Compliance & Audit Support: Support for IRS audits, notices, and inquiries related to crypto tax matters.
