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Description
Ensuring adherence to cryptocurrency tax laws involves comprehensive report generation that accurately traces historical data. This process enhances precision and tax efficiency by consolidating tax obligations through Specific Identification on the blockchain, all while remaining fully compliant with IRS regulations. Bittax offers a Tax Planning Algorithm that allows users to prepare for crypto taxes in advance, aiming to minimize their overall tax liabilities. The system diligently monitors all FIAT transactions, correlating them with crypto activities and inventory to produce an effective Anti-Money Laundering (AML) report. Furthermore, it meticulously tracks the user's blockchain transactions from the very first transaction, providing a thorough analysis of their complete activity history, which spans from the initial FIAT-to-crypto exchange to their current asset holdings. Additionally, it generates a comprehensive graphical report that highlights discrepancies and identifies any missing data. This holistic approach not only simplifies the tax filing process but also empowers users to make informed financial decisions regarding their cryptocurrency investments.
Description
TaxBit connects consumers and enterprises with cryptocurrency tax experiences. TaxBit's cryptocurrency tax software unifies both the platform and user who need to issue 1099s. We connect the processes of businesses issuing 1099s with those of consumers transforming 1099s and other data into tax reports that can be filed. TaxBit Enterprise and TaxBit Consumer interact to provide a seamless tax experience across all platforms. Our APIs make it easy for you to automatically bring in all your data. You can see the tax impact of any transaction across any exchange, regardless of whether you interact with TaxBit Consumer or our tax center suites. TaxBit is the most trusted provider of forms 1099 for the cryptocurrency industry. TaxBit is used by regulatory agencies to help with cryptocurrency tax matters.
API Access
Has API
API Access
Has API
Integrations
Coinbase
Gemini
Bitstamp
Anchorage Digital
AscendEX
Bitcoin
Bitfinex
CEX.IO
Coinbase Commerce
Ethereum
Integrations
Coinbase
Gemini
Bitstamp
Anchorage Digital
AscendEX
Bitcoin
Bitfinex
CEX.IO
Coinbase Commerce
Ethereum
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Bittax
Founded
2017
Country
Israel
Website
www.bit-tax.com
Vendor Details
Company Name
TaxBit
Founded
2018
Country
United States
Website
taxbit.com
Product Features
Crypto Tax
Automated Data Import
Exchange Integration
Export Transactions
Historical Prices
Income Overview
Margin & Futures Support
Profit & Loss / Cap Gains
Staking / Lending / DeFi Support
Tax Form Generation
Tax Loss Harvesting
Wallet Integration
Product Features
Crypto Tax
Automated Data Import
Exchange Integration
Export Transactions
Historical Prices
Income Overview
Margin & Futures Support
Profit & Loss / Cap Gains
Staking / Lending / DeFi Support
Tax Form Generation
Tax Loss Harvesting
Wallet Integration