Migliaccio & Rathod LLP is investigating whether popular crypto tax software miscalculated users’ returns under new IRS cost-basis rules effective in 2025.

Tax Software Errors Under New 2025 IRS Crypto Rules

Beginning January 2025, the IRS required wallet-by-wallet tracking of crypto purchases and sales. Users of leading tax apps—like Koinly, CoinTracker, and Crypto-Tax-Calculator—report serious errors, including incorrect fees, phantom negative balances, and tax results off by 20% compared to manual calculations.

Why Faulty Tax Software Is a Legal Concern

Consumers rely on tax software to accurately prepare returns. Incorrect calculations can lead to IRS penalties, costly amended filings, and lost trust. It’s no different than TurboTax misreporting your income and leaving you with fines.

Did Crypto Tax Errors Cost You Money or Trigger Penalties?

You used crypto tax software to prepare your 2024 or 2025 returns
Your reports showed unexplained gains, losses, or balance errors
You received IRS notices or penalties linked to faulty calculations

If crypto tax software errors caused you to overpay, amend returns, or face penalties, contact us at [email protected] or (202) 470-3520.

The following will ask for your contact information so that we may reach you to talk about potential claims. This information is for our records only and will not be shared. By continuing, you consent to the collection of this information for these limited purposes.

Your name Your phone number Your email State of Residence What is the name of the affected product or service? When did you last purchase this product or service (month and year)? Do you have proof of purchase (receipt, email confirmation, transaction on your bank statement, etc.)?

Please briefly describe the issue with the product or service and when it occurred.

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