TAXBIT (WWW.TaxBit.Com) will help the IRS with data analysis and tax calculation support regarding crypto currency transactions.
TAXBIT ‘s CEO’s statement on the website states:
“This is a milestone moment for the cryptocurrency industry. It indicates regulators are embracing the asset class, but doing so in a way that ensures a straightforward approach to conform with existing regulations. We believe this is an important step for the enablement of widespread cryptocurrency adoption.”
The New’s release also notes:
“This announcement does not mean that TaxBit will ever give customers’ information to the IRS. Instead, the IRS provides data to TaxBit from a population of taxpayers that they determine on their own, completely independent from TaxBit. TaxBit Government is separate from TaxBit Consumer and TaxBit Enterprise.”
For more info see, https://taxbit.com/blog/the-irs-selects-taxbit-as-software-partner/
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