Crypto Info Wire has updated its popular guide to the IRS crypto tax filling best practices to help you calculate your taxes easily and conveniently!
Filling your crypto taxes accurately is essential to eliminate the risk of costly penalties. Check out the latest Crypto Info Wire report today to discover the accessible software you can use to automatically and accurately generate all the IRS forms you need!
The new resource is aimed at cryptocurrency investors and CPAs interested in accessible way to accurately calculate due crypto taxes and automatically generate various IRS reports.
Go to https://cryptoinfowire.com/zenledger for more info!
The latest announcement comes after the IRS has extended the crypto tax filling deadline from April 15th to July 15th. This means that you can take the time you need to ensure accurate tax filling and avoid costly penalties of up to $250,000.
According to the new report, cryptocurrency is considered property by the IRS, making it similar to a real estate or equity investment. Taxpayers who have had crypto transactions owe short- and long- term capital gains. Taxes are also deducted from conversions, as well as crypto buying and selling.
To eliminate the risk of any tax filling errors, both crypto investors and CPAs are advised to use a professional crypto tax software such as ZenLedger.
The online tool features an automated process allowing you to conveniently import all your crypto transactions, calculate your gains and income, and generate tax forms automatically.
ZenLedger also provides an intuitive CPA interface allowing accountants to easily calculate crypto taxes for their clients. With automated downloadable IRS reports such as Schedule 1 and Schedule 2 forms, FinCen 114 reports and many others, the software is ideal for the accurate and convenient calculation of cryptocurrency taxes.
The report explains that the software works with euros, dollars, pound sterling and other currencies, and is fully compatible with over 300 changes and a variety of coins.
A satisfied client said: “I thought I had a handle on my limited crypto trading for 2018, but I was wrong. ZenLedger gave me a valuable education in what is really required for tax reporting and made it very easy to gather the necessary records. The software did all of the work from there. I highly recommend this product!”
You can find out more by visiting the website above.
