You need a crypto tax accountant if your trading volume exceeds $20,000 or you have more than 200 transactions annually, which triggers IRS automated matching systems. Using HIFO (Highest In, First Out) accounting instead of standard FIFO can reduce your taxable gains by 40% on average, especially if you bought crypto at different price points throughout the year.
Liquidity pool token receipts count as taxable property when you receive them, creating tax events even without selling. If you owe more than $50,000 in crypto taxes, file Form 9465 to request monthly payment plans up to 72 months. The IRS offers three payment options: full payment within 120 days, short-term plans under $100,000, or long-term installment agreements with setup fees ranging from $31 to $225 depending on your income level.