Avoid IRS Crypto Tax
Audit With This Crypto
And Bitcoin Tax Filing
Software
If you're looking for the best crypto software to help you file your crypto tax forms,
ZenLedger is the solution for you! Lou Zebedeo at Crypto Info Wire announced the
launch of a new report on the benefits of using a crypto and bitcoin software to prevent
an IRS crypto audit.
Due to the COVID-19
pandemic, the April 15th crypto
tax deadline has been
extended to July 15th.
Unlike a traditional currency, cryptocurrencies are considered property by the IRS,
meaning that the sale or other exchange of virtual currencies or the use of virtual
currencies to pay for goods or services has tax consequences.
The newly launched report by Lou
Zebedeo at Crypto Info Wire
explains how to use an IRS crypto
tax software like ZenLedger.
This new bitcoin and crypto accounting software is
ideal for CPAs and bookkeepers.
Some of the benefits of using ZenLedger
include automated calculations, Grand
Unified Accounting Report, fast client data
collection, client transaction data via CSV
or API, downloadable and printable IRS
forms and no subscription fee.
The software supports over 300 exchanges and many
types of coins.
Thus, it is easy to calculate capital
gains and losses across exchanges,
as well as to auto-fill popular IRS
forms, including Form 1040 Schedule
D and Form 8949.
Crypto Info Wire also notes that ZenLedger works with all major
exchanges and crypto and fiat currencies, including Bitcoin,
Ethereum, Litecoin, Dollar, Euro, Pound, Sterling, Yen, and more.
This means that you can
automatically integrate your
transaction data with TurboTax
desktop or online.
Lou Zebedeo said: "ZenLedger understands that everyone's
comfort level and knowledge base is different."
"They know taxes are intimidating, confusing
and high-risk. Their team is online all day (and
often at night) to make sure you don’t get
stuck and to help with anything you might
need as you prepare to file your crypto tax
forms."
Go to https://cryptoinfowire.com/zenledger for more info!