TaxBit Integrates Major Crypto Firms for Free Tax Compliance Tools

TaxBit Integrates Major Crypto Firms

TaxBit, a US-based crypto tax compliance company, wants to integrate several industry service providers in a single network to enable users to access free 2021 tax forms.

The TaxBit Network is certified to democratize tax calculations and forms by offering users free important reporting data.

The network comprised 20 major cryptocurrency-focused companies in the US like FTX.US, Binance.US, BlockFi, and Celsius Network.

TaxBit Vice President of Marketing, Michelle O’Connor, says that the platform would add new firms into the network daily.

Various added protocols would incorporate a TaxBit sign-up in their applications to simplify the access to tax reporting tools.

The generation of cryptocurrency tax forms has reportedly ranged from a hundred to thousands of dollars in the past based on whether one uses enlisted accountants or DIY software.

Binance.US CEO, Brian Shroder, notes that their involvement in the network aligns with the pursuit of safety and compliance.

Source: Cointelegraph

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