TaxToken Automates Cryptocurrency Accounting Utilizing Blockchain and Patented Artificial Intelligence
TaxToken, a blockchain-as-a-service (BaaS) company that helps taxpayers streamline their personal cryptocurrency accounting, has launched version 2.0 of its award-winning, patented tax filing solution. TaxToken’s solution launched in early 2018, immediately attracting thousands of users and gaining recognition of consumers, cryptocurrency traders, CPA firms, cryptocurrency hedge funds and cryptocurrency exchanges. The latest version of TaxToken combines blockchain and patented artificial intelligence to automate the cryptocurrency tax filing process, for quick, easy and error-free filing.
“The current crypto tax filing process is broken and puts undue burden on taxpayers to keep meticulous records and hire expensive accountants to guide them. TaxToken addresses these issues with AI-powered automation, eliminating the need for manual entry and delivering the smoothest, most intuitive user experience possible,” stated TaxToken Co-Founder and President, Michael Foland. “TaxToken auto-syncs with users’ exchanges and wallets and provides a toolkit for easy importing of trade histories, ICOs, Airdrops, forks, mining, payments, as well as lost and stolen cryptocurrencies,” Foland went on to say.
Nathan Nichols, TaxToken’s Co-Founder and CFO, stated, “An intuitive dashboard offers a complete review of transactions before filing, allowing users to quickly download auto-filled tax forms that can be exported to the filing system of their choice, including H&R Block, TurboTax and TaxAct.”
“TaxToken was founded on one principle – it shouldn’t be difficult to file your cryptocurrency taxes,” said Nichols. “We’ve worked hard to create a solution that makes that process completely quick and painless, and we’re humbled and excited to offer this enhanced version of our cryptocurrency accounting software, and play our role in developing the blockchain ecosystem.”
In addition to supporting individuals, TaxToken provides enterprise solutions for CPA firms, cryptocurrency exchanges, High Frequency Trading firms and cryptocurrency wallets.