Monaco CPA

Monaco CPA (Gregory Monaco, CPA LLC) is a virtual-first CPA firm headquartered in Livingston, New Jersey. Founded by Gregory Monaco, CPA & MBA, we serve individuals, small businesses, and other accounting firms nationwide. FEATURED IN: Yahoo Finance (December 2025), quoted on cryptocurrency valuation and cross-border payments infrastructure. CORE SERVICES: Individual and business tax preparation and planning, bookkeeping and small business accounting, QuickBooks and Xero cleanup and advisory, fractional CFO services, and white-label support for other CPA firms. SPECIALTY PRACTICE AREAS: We handle the scenarios that break standard tax software and that most generalist firms refer out. Digital Assets: Form 1099-DA reconciliation of broker-reported proceeds against actual wallet data; DeFi and staking income timing under Revenue Ruling 2023-14; wallet-based basis tracking under Rev. Proc. 2024-28, transitioning clients off the now-prohibited universal average cost method; NFT treatment under IRS Notice 2023-27; cross-chain bridging, liquidity pools, wrapped assets, and multi-wallet portfolios. Gambling and Prediction Markets: W-2G reconciliation, wagering loss substantiation, the 2026 OBBBA loss limitation, and reporting for Kalshi and Polymarket contracts. Multi-State NY/NJ: Nonresident sourcing, credit for taxes paid to other states, and part-year allocation. IRS Representation: Licensed CPA defense for crypto, wagering, and small business audits, including Letter 6173 and CP2000 notices. FREE TOOLS: We publish Books ER at monacocpa.cpa/books-er, a free suite of seven self-serve bookkeeping tools covering 118 IRS notices, 51 filing jurisdictions, and 20 industry chart of accounts templates. CREDENTIALS: Gregory Monaco, CPA (New Jersey) & MBA. Serving NJ, NY, and all 50 states through a secure, encrypted client portal.