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Resources / Authors / 
Nick Waytula

Nick Waytula

Head of Tax

Nick is a licensed attorney and the Head of Tax at Summ (formerly Crypto Tax Calculator), with over 6 years of experience in the crypto tax space. He has previously held key roles at Deloitte and TurboTax, focusing on digital asset taxation and blockchain compliance. At Summ, Nick helps drive the development of a leading software that enables taxpayers around the world to accurately and efficiently complete their crypto taxes.

How is Bridging Crypto Taxed?How is Bridging Crypto Taxed?
Blog
10
 
Oct
 
2025
How is Bridging Crypto Taxed?

Wondering about the tax implications of bridging your crypto assets? We’ve got the answers for you in our blog.

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10/10/2025
US Gov: Crypto Businesses May Be Spared 15% Tax on Paper GainsUS Gov: Crypto Businesses May Be Spared 15% Tax on Paper Gains
Blog
7
 
Oct
 
2025
US Gov: Crypto Businesses May Be Spared 15% Tax on Paper Gains

The US Treasury Department and the IRS have walked back plans to tax US crypto companies 15% on unrealised gains. This may encourage more corporations to add crypto to their balance sheet, increasing institutional demand.

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10/7/2025
White House Proposes Major Crypto Tax Changes: Key IRS & Reporting Updates for US InvestorsWhite House Proposes Major Crypto Tax Changes: Key IRS & Reporting Updates for US Investors
Blog
11
 
Aug
 
2025
White House Proposes Major Crypto Tax Changes: Key IRS & Reporting Updates for US Investors

In a landmark move, the White House has released a comprehensive report on digital assets which proposes major changes to crpyto tax, including significant cuts for US investors.

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8/11/2025
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1099-DA FAQs: What you need to know before filing in 20261099-DA FAQs: What you need to know before filing in 2026
Guides
14
 
Aug
 
2025
1099-DA FAQs: What you need to know before filing in 2026
Read More
8/28/2025
What to do if you receive IRS Letters 6174, 6174-A, 6173, or CP2000What to do if you receive IRS Letters 6174, 6174-A, 6173, or CP2000
Guides
14
 
Jul
 
2025
What to do if you receive IRS Letters 6174, 6174-A, 6173, or CP2000

IRS Letters 6174, 6174-A, 6173, and CP2000 look scary at first, but there’s no need to panic – here's how to respond to each.

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7/24/2025
How To Report Crypto On Form 8949How To Report Crypto On Form 8949
Guides
14
 
Apr
 
2025
How To Report Crypto On Form 8949

In this guide we’ll run through everything you need to know about Form 8949 and how to fill it out.

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4/5/2025
How To Report Crypto On Schedule D (form 1040)How To Report Crypto On Schedule D (form 1040)
Guides
14
 
Apr
 
2025
How To Report Crypto On Schedule D (form 1040)
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4/5/2025
Bitcoin Taxes in the USA: The Complete 2025 GuideBitcoin Taxes in the USA: The Complete 2025 Guide
Guides
14
 
Apr
 
2025
Bitcoin Taxes in the USA: The Complete 2025 Guide

Bitcoin is taxed as either capital gains or income tax depending on the transaction. Learn how to do your Bitcoin taxes with this guide.

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4/11/2025
How to submit your cryptocurrency report using TurboTaxHow to submit your cryptocurrency report using TurboTax
Guides
14
 
Feb
 
2025
How to submit your cryptocurrency report using TurboTax

This guide shows you two methods for uploading your crypto tax information to TurboTax. Updated for 2025.

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2/10/2025
Crypto Tax Guide USACrypto Tax Guide USA
Guides
14
 
Oct
 
2025
Crypto Tax Guide USA

This guide contains everything you need to know about how to calculate your crypto taxes for the 2024 tax year. It includes crypto tax brackets, crypto capital gains tax, how to report losses, and includes legal ways to lower your bill. Plus  how to prepare yourself for some big changes to crypto taxes in 2025.

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10/1/2025
How to report crypto on your taxes in 2025How to report crypto on your taxes in 2025
Guides
14
 
Oct
 
2025
How to report crypto on your taxes in 2025

Report your crypto taxes to the IRS with this step-by-step guide that includes important tips and ways to reduce your tax bill.

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10/1/2025
DeFi Taxes in the US: Your Complete Guide for 2025DeFi Taxes in the US: Your Complete Guide for 2025
Guides
14
 
Oct
 
2025
DeFi Taxes in the US: Your Complete Guide for 2025

The complete guide to understanding and filing your DeFi taxes in the US.

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10/1/2025