Tax Expert, TokenTax
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.
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
December 4, 2024 — Learn how the IRS tracks cryptocurrency transactions, including blockchain analysis, exchange reporting, and tax implications for non-compliance.
November 28, 2024 — Learn about DAC8, the new EU crypto tax rule. Understand its impact, compliance requirements, and how it affects investors and service providers.
December 26, 2024 — Learn about Bitcoin ETFs tax and what US taxpayers should expect from the IRS in terms of capital gains and tax brackets.
December 27, 2024 — The Corporate Transparency Act (CTA), effective from January 1, 2024, significantly changes business reporting requirements in the US.
November 13, 2024 — Learn how to claim crypto losses in Canada, understand the superficial loss rule, and discover how TokenTax helps Canadian taxpayers.
December 30, 2024 — Learn about crypto tax mistakes to avoid when filing your crypto taxes. Avoid penalties and legal consequences by reporting all transactions
February 15, 2025 — Learn how crypto staking is taxed and how TokenTax can streamline your filing for IRS compliance.
February 6, 2025 — Crypto cost basis includes the purchase price and fees, which are essential to calculate tax impact and ensure accurate reporting and comply with IRS rules.
December 3, 2024 — Is sending crypto to another wallet taxable? Get insights into the tax implications of crypto transfers between wallets.
December 23, 2024 — The IRS allows taxpayers extra time to file with a tax extension. Learn the rules and how to apply for a crypto tax extension at TokenTax.