Tynisa (Ty) Gaines

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

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, 2024Learn 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, 2024Learn 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, 2024Learn 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, 2024The 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, 2024Learn 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, 2023Learn 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, 2023Learn 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, 2023Crypto 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, 2023Is 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, 2024The 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.

Expertise

  • Accounting
  • Cryptocurrency
  • Tax

Education

  • Troy University
  • University of Illinois

Social

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