The Winklevoss brothers' Gemini cryptocurrency exchange will integrate the Tax Center Suite solution from TaxBit in the first half of 2021. With its help, clients will be able to create ready-made reports in real time in the format required by the US Internal Revenue Service.
"Software from TaxBit is fighting the problem of calculating taxes from transactions with cryptocurrencies by automating them," - said the co-founder of the bitcoin exchange Tyler Winklevoss.
The functionality of Tax Center Suite will allow you to control and reduce tax liabilities or potentially increase tax refunds.
Managed by the Winklevoss brothers, Winklevoss Capital is an investor in TaxBit.
Let me remind you that in the tax return of the US Internal Revenue Service on Form 1040, the issue of digital currencies was first brought to the first page of the document. Its new version requires residents of the country to report on the receipt of coins as a result of hard forks.
Posted Using LeoFinance Beta
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