Monaco CPA

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Overview

2 - 9

Employees

2025

Year Founded

ABOUT MONACO CPA

Crypto Tax CPA | 1099-DA & DeFi Specialists

Monaco CPA LLC is a virtual-first accounting firm located in Livingston, New Jersey, that focuses solely on cryptocurrency taxation and digital asset accounting. Founded by Gregory Monaco, CPA & MBA, we offer audit-proof tax strategies for high-net-worth investors, active traders, and blockchain companies across the country. Featured in Yahoo Finance (December 2025), we were quoted regarding cryptocurrency valuation and cross-border payment systems. WHAT SETS US APART FOR CRYPTO INVESTORS: We address complex situations that conventional tax software cannot manage, such as cross-chain bridging, DeFi liquidity pools, staking rewards, wrapped assets, and multi-wallet portfolios. Unlike generalist firms that depend on automated reports, we manually reconcile the "missing cost basis" data that can result in IRS Letter 6173 and CP2000 notices. SPECIALIZED SERVICES: OUR CLIENTELE: We serve users of DeFi protocols, high-frequency traders, cryptocurrency miners, staking operators, and NFT creators. CREDENTIALS: Gregory Monaco, CPA (New Jersey) & MBA, providing services to clients in NJ, NY, and all 50 states through secure client communication.

LANGUAGES SPOKEN

English

HIGHLIGHTS

2 - 9

Employees

2025

Year Founded

Services

Focus

Industries

Clients

Services Provided

70% Accounting Services

30% Tax Preparation Services

About the Team

OUR STORY

Our Narrative Monaco CPA is a completely virtual CPA firm based in Livingston, NJ, providing tax preparation, bookkeeping, and strategic advisory services to individuals, startups, and expanding businesses throughout the country. We have a particular focus on cryptocurrency taxation—covering DeFi, NFTs, staking, and 1099-DA compliance—but we cater to clients from various industries. Each engagement is personally managed by Gregory Monaco, CPA & MBA, who blends extensive technical knowledge with attentive, customized service via our secure client portal.

Portfolio

DeFi Tax Reconciliation — Saved Client $16K

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A high-volume DeFi trader, who conducted over 12,000 transactions on platforms like Uniswap, Aave, and Curve, encountered a $200K phantom tax liability due to omitted cost basis from standard crypto tax software. Monaco CPA, a cryptocurrency tax expert based in New Jersey, manually reconciled cross-chain transfers, liquidity pool entries and exits, and wrapped token conversions that automated tools failed to capture. By implementing specific identification cost basis tracking in accordance with IRS guidelines, we discovered $12K in realizable losses. As a result, the trader's actual taxable gain was reduced from $200K to $31K, leading to a savings of over $16K in federal and state taxes. This process included the preparation of Form 8949, filing Schedule D, and comprehensive documentation for audit protection.

FinTech Startup: Investor-Ready Books

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A B2B SaaS startup seeking seed funding required polished, investor-ready financials. Monaco CPA, a virtual CPA firm located in Livingston, New Jersey, transitioned the client from spreadsheets to QuickBooks Online, balanced 8 months of overdue transactions, separated mixed personal and business expenses, and set up an appropriate chart of accounts for SaaS metrics. We submitted Form 1120-S on time and now function as the company's outsourced accounting department for a fixed monthly fee. Our services encompass monthly financial closing, payroll processing, cash flow forecasting, and quarterly tax planning meetings. The client successfully completed their funding round with financials that passed investor due diligence.

Bitcoin Miner — Section 179 & Multi-State Tax

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A Bitcoin mining operation that invested $180K in ASIC hardware encountered intricate tax issues, including determining the appropriate timing for recognizing income from mined coins, developing a strategy for equipment depreciation, and navigating multi-state nexus challenges between New Jersey and New York. Monaco CPA implemented a system for daily tracking of spot-price income in accordance with IRS cryptocurrency mining guidelines, utilized Section 179 bonus depreciation to enhance first-year deductions, and organized state filings to prevent double taxation. The outcome was an 18% reduction in the client's effective tax rate while creating documentation that is ready for audits concerning all mining income and equipment expenses. We continue to offer quarterly advice on equipment acquisitions and decisions related to hash rate expansion.

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What Clients Have Said

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"Monaco CPA delivers quality projects within budget and timeline expectations based on verified client feedback."

Based on verified reviews and internal benchmark data

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Accounting Services

Tax Preparation Services

Locations

Headquarters

60 Melrose Drive

Livingston, New Jersey, United States 07039

+18623209554

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