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 settings 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. She is currently the Editor-in-Chief for the EA Journal.
Ty has also taught tax courses nationally for 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 the IRS Tracks Crypto in 2024
March 11, 2024 — Learn how the IRS tracks cryptocurrency transactions, including blockchain analysis, exchange reporting, and tax implications for non-compliance.
DAC8: Your Guide to EU Crypto Tax Rule
March 8, 2024 — Learn about DAC8, the new EU crypto tax rule. Understand its impact, compliance requirements, and how it affects investors and service providers.
How the IRS Will Tax Bitcoin ETFs in 2024
February 9, 2024 — Learn about Bitcoin ETFs tax and what US taxpayers should expect from the IRS in terms of capital gains and tax brackets.
What Business Owners Need to Know About Beneficial Ownership Information (BOI) Reporting
March 5, 2024 — The Corporate Transparency Act (CTA), effective from January 1, 2024, significantly changes business reporting requirements in the US.
How Are Crypto Losses Taxed in Canada? (CRA Rules 2024)
January 31, 2024 — 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
December 20, 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 (2024 IRS Rules)
December 14, 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
November 29, 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? (2024 IRS Rules)
November 15, 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 2024
March 14, 2024 — 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.
Let’s get started.
Check out our plans and pricing to find out which solution best meets your needs.
Review plans