If it's in the bank statements, Lexi will find it. Upload 12 months and receive a formal intelligence report — signed, submittable, and calibrated to IRS and ATO requirements.
Crypto payment income is not optional to disclose — and advisers signing off on returns are expected to have conducted a minimum inquiry. Lexi reads your client's bank statements and surfaces every signal of crypto gateway activity, documented in a formal intelligence report.
The reasonableness test for accountants submitting cryptocurrency information on behalf of clients refers to the IRS standard that requires tax preparers to exercise due diligence and take reasonable steps to ensure the accuracy of the information provided by the taxpayer.
In practice, that means you cannot simply take your client's word for it. If crypto payment activity exists in the bank statements and you did not check, that is not a reasonable step — it is an oversight. The ATO applies the same expectation under its reasonable care obligations for registered tax agents.
Lexi performs that check. Upload 12 months of bank statements and Lexi reads every transaction line against its entity library of known crypto payment gateways — producing a formal, signed intelligence report that documents what was found, what the signals indicate, and what the overall exposure rating is. It is the minimum inquiry, done properly.
Not a summary. Not a spreadsheet. Lexi produces a structured intelligence report — with signal evidence, overall rating, and methodology disclosure — formatted to be submitted directly to the IRS or ATO if required, or attached to the return as professional substantiation.
One price. No subscription. Upload the statements, receive the report, attach it to the file or submit it. Done.
Everything about what Lexi searches, how it handles the data, what the report contains, and how it should be used professionally.
Ask Us DirectlyA reasonableness test is a professional due diligence step — you're not certifying your client's tax position, you're documenting that you checked the available evidence before signing off. Lexi reads your client's bank statements for the year and identifies every transaction that matches a known crypto payment gateway. If signals are present that don't appear in the declared return, that's a discrepancy worth investigating. The report gives you the documented basis for that inquiry — or for a clean file note if nothing is found.
12 months of your client's bank statements for the relevant tax year — PDF or CSV format. That's it. Lexi reads every transaction line against its entity library of known crypto payment gateways. No wallet addresses, no exchange logins, no additional client information required.
Lexi's library includes known transaction identifiers, merchant names, and reference codes for Coinbase Commerce, BitPay, NOWPayments, CoinGate, Oxapay, Crypto.com Pay, TripleA, and others. The library is maintained and updated as new platforms become significant. Lexi matches on the patterns that actually appear in bank statement transaction descriptions — not just gateway names.
If Lexi finds no signals across the 12 months of statements, the report returns a clean pass — no gateway activity detected. This is itself a valuable professional document. You have an auditable record that a minimum inquiry was conducted and nothing was found. Many accountants run the report routinely for business clients as a matter of standard practice, regardless of expectation.
Yes — that is precisely what it is designed for. The report is a formal intelligence document, structured with an executive brief, signal assessment, transaction evidence, and methodology disclosure. It is formatted for professional submission and can be included in an ATO voluntary disclosure package, attached as IRS substantiation documentation, or filed as a tax agent work paper. It is not a summary or internal note — it is a submittable report.
The ATO obtains transaction data directly from crypto exchanges and payment processors operating in Australia. LexCrypta's report is an independent minimum-inquiry — your own documented check, distinct from whatever the ATO may already hold. If Lexi finds gateway signals that don't appear in the declared return, you are in a far stronger professional position having identified them proactively than waiting for an ATO data-match letter to surface them after lodgement.
The uploaded statements and all data associated with the analysis are permanently deleted from LexCrypta's systems 30 days from the report date. The PDF report itself is yours to retain or delete in accordance with your own obligations. We do not retain copies of issued reports after that period.
Whether you want to run your first search, discuss firm pricing, or integrate Lexi into your workflow — we're here.