The Coming Crypto Chaos: What the New 1099-DA Means for Taxpayers
- Paul Belshaw
- Nov 4
- 3 min read
Major Shift Is Coming for Crypto Investors and Taxpayers
With the next tax season rapidly approaching, the IRS is preparing to roll out one of the biggest reporting changes in decades.Starting January 2026, the Internal Revenue Service (IRS) will begin requiring Form 1099-DA for digital asset transactions and estimates suggest that up to 8 billion of these forms will be issued.Yes, you read that correctly 8 billion new crypto tax forms.
Introducing IRS form 1099-DA What You need to know??
The new Form 1099-DA will report cryptocurrency transactions, and many taxpayers will receive these forms without realizing they’ve triggered a taxable event.
Expect inboxes and mailboxes to be flooded with unexpected IRS 1099-DA forms, leading to confusion for millions of taxpayers who own or trade digital assets.
Even worse, many of these forms may:
❌ Lack key transaction details
❌ Contain incorrect or incomplete information
❌ Leave taxpayers unsure of how to properly report income
The result? A wave of IRS notices, filing errors, and potential penalties for unprepared taxpayers.
How Belshaw Accounting Is Preparing for the Crypto Wave
At Belshaw Accounting Tax and Advisory Services LLC, we’re not waiting for the chaos we’re preparing for it now.
Cryptocurrency tax preparation and digital asset consulting are quickly becoming some of the most in-demand services in the financial industry. Our expert team is trained to help clients handle crypto tax reporting with accuracy, confidence, and care ensuring you stay compliant while minimizing stress.
Whether you:
💻 Traded crypto casually
💰 Received payments in digital currency
🪙 Invested or swapped tokens on an exchange
Now is the perfect time to prepare your records and understand how crypto taxes affect your overall financial strategy.
Stay Informed. Stay Prepared. Stay Compliant.
We’ll continue to share IRS updates, educational resources, and crypto tax tips as the 1099-DA rollout nears.
If you want to review your crypto activity or ensure you’re ready for the next tax
season, now’s the time to act.
📅 Schedule your Crypto Tax Readiness Review today and get ahead of the changes.
🚨 Billions of New 1099s Are Coming — Here’s What You Need to Know About the 1099-DA
Body:With next tax season rapidly approaching, we’re on the brink of one of the biggest changes to hit tax preparation in years. Starting in January 2026, the IRS will begin requiring Form 1099-DA for digital asset transactions — and they estimate that as many as 8 billion of these forms will be issued. Yes, you read that right: 8 billion.
These new forms will report cryptocurrency transactions — and many taxpayers will receive them without realizing they triggered a taxable event. Expect inboxes (and mailboxes) to be flooded with unexpected 1099-DA forms, causing confusion and concern for millions of taxpayers.
Even worse, many of these forms are likely to:
Lack key details needed for proper reporting
Contain incorrect information
Or both
The result? A wave of uncertainty and, unfortunately, IRS notices to follow.
At Belshaw Accounting, we’re preparing now so our clients don’t have to panic later. Cryptocurrency tax preparation and consulting are quickly becoming one of the most in-demand specialties in the tax industry — and we’re ensuring that our team is fully equipped to handle it with accuracy, confidence, and care.
Whether you’ve traded crypto casually, received payments in digital currency, or just dabbled last year, now is the time to start preparing.
We’ll continue to share updates, resources, and practical steps as the 1099-DA rollout nears. If you’d like to stay informed or review your crypto activity ahead of next tax season, schedule a crypto tax readiness review with us today.
👉 Belshaw Accounting – Helping business owners stay tax-smart, compliant, and confident.
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