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 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.
"The Challenges of Non-fungible Token Taxation," EA Journal, 2022.
Tax-ish: Teens 1.0
Tax-ish: Teens 2.0
"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
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
May 17, 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.
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?
September 8, 2022 — What is self-employment tax and when do crypto traders need to pay it? Learn more.
April 28, 2023 — Our experts reviewed TurboTax crypto filing and created this comprehensive guide for TokenTax users looking to simplify their tax filing.
August 17, 2022 — We're often asked how investors can minimize their crypto tax bill. Here are our top 5 tips.
May 3, 2023 — Did you receive an IRS Letter 6173, 6174, or 6174-A or a CP2000 notice for your crypto taxes? Learn what these letters mean and what actions you need to take.
April 28, 2023 — How much is cryptocurrency taxed? Your crypto capital gains tax rates depend on your income level and how long you held the cryptocurrency. Find out more in this comprehensive article from industry experts.
April 11, 2023 — Crypto wash sales are still technically allowed, but recent federal regulations may soon close the loophole. Learn safe ways to harvest crypto tax losses.
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