Summ

The Securities and Exchange Commission and the Commodity Futures Trading Commission have signed a memorandum of understanding, marking a significant step toward coordinated oversight of the cryptocurrency market. The agreement formalizes cooperation between the two agencies, with implications for how digital assets are classified, monitored, and enforced across the US financial system.

If you're not ready to file today, that's completely okay. Crypto taxes this year are genuinely a lot. 1099-DAs that don't match your records, cost basis that changed mid-year, DeFi transactions that didn't come with a manual. If your numbers don't feel right, rushing to submit them isn't the answer. Our CPA Justin Zanardi, CPA put together a short video on exactly what to do. It walks through filing an extension using the IRS's free tools, step by step. takes about 5 minutes and gives you until October 15 to get everything sorted properly. One thing worth knowing before you go: An extension gives you more time to file, not more time to pay. If you owe something, that part is still due April 15th. But if you're genuinely unsure what you owe, an extension is the right call while you figure it out. Take the time you need. File something accurate. October is plenty of time to get there. youtu.be/Zg1yeq4pMhs

Most crypto neobanks are custodied fintech in disguise. Here's what a real Bitcoin onchain neobank looks like, and why the difference matters to your tax position. 👇

Filing crypto taxes starts with knowing which forms to use. Here's a breakdown of Form 8949, Schedule D, and every other form you might need.

The IRS treats prediction market profits as ordinary income. Here's what you need to know about reporting, deductions, and staying on the right side of the IRS.

April 15 is 6 days away. If your crypto taxes still aren't done, this one's for you 🦊 We're going live on X Spaces with MetaMask to walk through what you need to file before the deadline. We will be covering the following & more: → What to do with your 1099-DA forms → How to fix cost basis gaps before you file → What actually counts as a taxable event → How to pull your crypto tax report from MetaMask's Tax Hub Join us live & be sure to bring your questions! 9th April 10am PST. Free to join. 👇 https://lnkd.in/gB2fX9Sw

Summ now supports direct 1099-DA import from all 11 exchanges below Coinbase. Gemini. Kraken. Robinhood. Binance US. Crypto. com. PayPal. Cash App. OKX. Uphold. Blockchain. com. if you traded on any of them in 2025, a form exists, the IRS has it, and it probably has a blank where your cost basis should be. drop your form in and we match it against your full transaction history, fill in the missing basis, and reconcile anything that doesn't line up. the form is their record. Summ is yours. 😉

Nothing motivates us more than hearing from the people actually using Summ. We've been focused on making crypto tax software feel simple, safe, and actually useful for everyday people. And when reviews like these start coming in, it reminds us exactly why we do it. 5 stars. Again and again. Thank you to everyone who's taken the time to share their experience. It means everything to us. 🙏

Filing a tax extension sounds like it involves paperwork, confusion, and a long afternoon. It doesn’t. If you follow the IRS Free File pathway, the entire process can take just a few minutes. Here is exactly how it works, what the deadline really means, and what to watch out for.

Whether you're treating your winnings as gambling income, capital gains, or ordinary income, the reporting obligation stays the same. Here's how each path works.