Crypto.com has recently announced partnerships with top-tier tax providers, Koinly and TokenTax, in order to offer users the most comprehensive and dependable tax support possible. As the acceptance of cryptocurrencies continues to rise, countries worldwide are now mandating the disclosure of tax information regarding online currencies. For example, the Internal Revenue Service in the United States now requires individuals to report their cryptocurrency holdings when filing taxes. These regulations are also enforced in other locations, making it essential for users to have access to reliable crypto tax software.
Within the Crypto.com ecosystem, portfolios are expanding to include solutions from its new partners. Koinly calculates cryptocurrency taxes for users and helps them reduce their tax liability for the upcoming year. With services available in over 20 countries, Koinly offers a user-friendly platform for tracking and managing crypto transactions. TokenTax, on the other hand, is a software platform and full-service accounting firm with a team of CPAs and EAs who can help users file their tax returns with a comprehensive filing package.
When it comes to preparing Crypto.com taxes, TokenTax simplifies the process into three easy steps. First, users need to import their crypto wallets, allowing the software to securely import their complete transaction history from Crypto.com. The next step involves verifying the accuracy of the data to ensure it reflects users’ activity on the platform. Finally, users can effortlessly export their documents in preparation for tax season with the support of a full-service crypto tax accounting firm. By partnering with these trusted tax providers, Crypto.com aims to offer its users a seamless and reliable way to handle their tax obligations related to cryptocurrency.
In light of these new partnerships, Crypto.com has announced that its Tax services will be discontinued. However, the company is excited about the opportunity to collaborate with new partners to address all of users’ tax requirements. By leveraging the expertise of Koinly and TokenTax, Crypto.com users can access a range of tools and services to help them navigate the complexities of crypto tax reporting. With the growing popularity of cryptocurrencies, it has become increasingly important for users to stay compliant with tax regulations and have the necessary support to accurately report their crypto transactions.
As countries around the world continue to implement regulations around crypto taxes, it is crucial for users to have access to reliable tax solutions like those offered by Koinly and TokenTax. By partnering with these top-tier tax providers, Crypto.com is demonstrating its commitment to providing comprehensive support for users in managing their crypto tax obligations. With the help of these new alliances, users can streamline the process of tracking and reporting their crypto transactions, ensuring that they are well-prepared for tax season and compliant with all relevant tax laws.
