FIFO, LIFO, HIFO: Which Crypto Tax Method Saves You the Most?

Quick Answer: FIFO, LIFO, and HIFO can drastically change your crypto tax bill — FIFO often means higher taxes in a bull market, while HIFO usually saves the most if your records are audit-proof. With the October 15th tax extension deadline approaching, choosing the right method could save you thousands and keep you compliant.

🔗 Full Blog Article: https://www.cryptotaxaudit.com/blog/fifo-lifo-hifo-explained-optimizing-your-crypto-taxes

This article was written by Clinton Donnelly, founder of CryptoTaxAudit, and is read in this video by Liam Higgins, Senior Account Manager at CryptoTaxAudit.

What You’ll Learn in This Video:
- How FIFO, LIFO, and HIFO actually work
- Which method reduces gains in a bull market
- Why HIFO is the most tax-efficient method
- How IRS Notice 2025-7 affects your choices
- Recordkeeping steps to stay IRS-compliant

📌 Book your crypto tax consultation: https://www.cryptotaxaudit.com/crypto-tax-consultation

📄 Official IRS Notice 2025-7: https://www.irs.gov/pub/irs-drop/n-25-07.pdf

💬 Got questions about crypto tax methods? Drop them below — we answer real questions weekly.

🕦 Timestamps:
0:00 – How FIFO, LIFO, and HIFO Affect Your Crypto Taxes
1:12 – What IRS Notice 2025-7 Means for Traders
2:08 – FIFO: First In, First Out Explained
3:14 – LIFO: Last In, First Out Explained
4:10 – HIFO: Highest In, First Out Explained
5:16 – Which Method Saves You the Most?
6:04 – IRS Recordkeeping Rules You Must Follow
6:52 – How CryptoTaxAudit Can Protect You

#cryptotaxaudit #irsaudit #cryptotaxes #fifo #lifo #hifo #clintondonnelly

🎙️ About Clinton Donnelly
Clinton Donnelly, LLM, EA, is the founder of CryptoTaxAudit.com, the leading crypto tax and audit defense firm for U.S. taxpayers. Known as the “Crypto Tax Fixer,” he’s helped thousands of investors legally report their crypto holdings and defend against IRS scrutiny.

🏆 Award-Winning Expertise
In 2025, CryptoTaxAudit was named Cryptocurrency Taxation Services of the Year by Financial Services Review, recognizing Clinton’s unmatched reputation and legal precision in the crypto tax space. - https://www.financialservicesreview.com/cryptotaxaudit

CryptoTaxAudit specializes in:
✅ Complex gain calculations and wallet tracking
✅ Expat and foreign disclosure compliance
✅ IRS audits, defense, and forensic tax strategies
✅ Bulletproof crypto tax returns designed to resist audits

📬 Work with the CryptoTaxAudit team:
👉 https://www.cryptotaxaudit.com/crypto-tax-consultation

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📜 Disclaimer
The content in this video is for educational and entertainment purposes only. While we aim to provide accurate and up-to-date information about cryptocurrency taxation, this is not intended as legal, tax, or financial advice. Always consult with a qualified tax professional to ensure compliance with IRS regulations and accurate reporting of your cryptocurrency transactions.

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