TaxToken launched automated service to file crypto taxes
TaxToken launched their new service which allows cryptocurrency investors to file their crypto taxes with ease. The company uses artificial intelligence (AI) along with blockchain to make the crypto tax process automated, resulting in a streamlined and free of human error crypto tax filing process.
TaxToken’s co-founders Michael Foland and Nathan Nichols believe that the current process people go through to file cryptocurrency taxes is broken by forcing crypto investors to maintain tedious records and potentially waste money on hiring costly accountants for assistance.
The blockchain system behind TaxToken allows the users to sync all of their cryptocurrency information to the platform, such as their wallet and exchange information, history with trading and purchasing, payments, mining, etc., all with the ease of clicking a few buttons.
The system can then output the information to other “traditional” tax filing platforms such as TurboTax and H&R Block. Check out our strategies on how to increase your tax savings here.