Tynisa (Ty) Gaines, EA
Tax Expert, TokenTax
Experience
Tynisa (Ty) Gaines, EA is a project manager and expert writer at TokenTax. She has more than 20 years of experience as a tax professional in situations ranging from retail offices to private EA/CPA firms. Licensed in both tax preparation and audit representation, she has published and been quoted about tax topics in many publications, including Reuters and The Hill. She has also written two tax e-books as well as a scholarly publication on cryptocurrency in the National Income Tax Book, and her work has been featured in Accounting Today.
Ty has also taught tax courses for local EAs and CPAs, Northern Virginia Community College, and the Virginia Tech Income Tax School. She has been interviewed by MarketWatch and has appeared on Barron's Live and the Newscast with Wolf Blitzer.
Ty earned a B.S. in industrial psychology from the University of Illinois and an MPA in public personnel management from Troy University.
Media
Publications
"The Challenges of Non-fungible Token Taxation," EA Journal, 2022.
Tax-ish: Teens 1.0
Tax-ish: Teens 2.0
Commentary
"Watch out for these tax red flags: crypto, investment losses and even gains," MarketWatch, 2023.
"Why this tax season is extra frustrating," CNN Business, 2022.
"Pandemic, Stimulus Checks Complicate Tax-Filing Season for Millions," The Hill, 2021
"Confusion Reigns as IRS Starts Issuing Coronavirus Payments," The Hill, 2020
"Tax Season Could Bring More Refund Confusion," The Hill, 2020
Interviews
Barron's Live, MarketWatch: How to Manage Your Investment Taxes, 22 February, 2023
The Newscast with Wolf Blitzer, CNN+, 31 March 2022
WiB x TokenTax: Let's talk crypto tax basics, software, and more. Twitter Spaces with Women in Blockchain, 2022
Latest articles by Tynisa (Ty) Gaines
How Are Crypto Losses Taxed in Canada? (CRA Rules 2023)
August 7, 2023 — Learn how to claim crypto losses in Canada, understand the superficial loss rule, and discover how TokenTax helps Canadian taxpayers.
Costly Crypto Tax Mistakes to Avoid When Filing Your Crypto Taxes
September 22, 2023 — Learn about costly crypto tax mistakes to avoid when filing your crypto taxes. Avoid penalties and legal consequences by accurately reporting all transactions.
Crypto Staking Taxes (2023 IRS Rules)
September 27, 2023 — Learn about crypto staking taxes, how staking rewards are taxed in the US and abroad, and how TokenTax can simplify your tax filing and ensure compliance.
Crypto Cost Basis Guide: Everything You Need to Know to File Your Taxes
July 6, 2023 — Crypto cost basis is necessary to properly determine the tax consequences of crypto transactions. It represents the original purchase price of a crypto asset, in addition to associated acquisition fees.
Is Transferring Crypto Between Wallets Taxable? (2023 IRS Rules)
August 9, 2023 — Is sending crypto to another wallet taxable? Get insights into the tax implications of crypto transfers between wallets.
Your Guide to Filing For Crypto Tax Extension 2023
September 22, 2023 — The IRS permits taxpayers a six-month extension to file if they need more time to prepare their tax return, for any reason. State rules vary and are covered here.
How are Crypto Hard Forks Taxed?
October 18, 2022 — Crypto hard forks, like the Bitcoin fork, result in a new chain and new tokens. If you receive tokens in a hard fork, are they taxed?
Do I Need to Pay Crypto Self-Employment Taxes?
September 13, 2023 — What is self-employment tax and when do crypto traders need to pay it? Learn more.
How to Report Crypto on TurboTax in 2023
September 29, 2023 — Our experts reviewed TurboTax crypto filing to create this comprehensive guide for TokenTax users looking to simplify their crypto tax filing.
Simple Strategies to Avoid Crypto Taxes in 2023
September 19, 2023 — Avoid and reduce crypto tax in 2023 with our expert tips and strategies for your upcoming tax return.
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