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IRS Taps Binance.US, TaxBit Execs to Strengthen Crypto Tax Regulation Efforts
28.2.2024
The Internal Revenue Service (IRS) said on Tuesday that it hired two crypto industry executives — Sulolit “Raj” Mukherjee and Seth Wilks — to aid in digital asset reporting, compliance, and enforcement programs.
The post IRS Taps Binance.US, TaxBit Execs to Strengthen Crypto Tax Regulation Efforts...
Crypto Tax Software Firm Taxbit Lays Off Almost 40% of Its Staff
12.6.2023
Taxbit – a software company that assists cryptocurrency holders with tax compliance issues – has cut nearly half of its staff in an effort to re-expand in the U.K. and EU, the company told employees on Thursday. ...
Read More: Crypto Tax Software Firm Taxbit Lays Off Almost 40% of Its Staff
Bitcoin-friendly Cash App integrates TaxBit amid tax-filing season
28.2.2023
Bitcoin evangelist Jack Dorsey’s Cash App is making it easier for BTC holders to calculate their taxes with the TaxBit integration
Ethereum Merge and the hefty tax bill you could be in for
1.9.2022
The Ethereum Merge may constitute a taxable event if it results in a chain-splitting hard fork, tax experts warn
Coinbase, PayPal join TaxBit Network for free crypto tax forms
11.1.2022
TaxBit wants to prevent crypto users from spending “thousands of dollars per year” to generate crypto tax forms
Crypto tax startup TaxBit raises $130M in funding round, now valued at $1.3B
12.8.2021
The company said some of the funds would be used to open new offices in the United States and the United Kingdom
Crypto tax startup TaxBit reportedly in talks for unicorn-level funding
21.7.2021
The possible new funding would bring the Utah-based crypto tax automation provider to a valuation of $1 billion or above
Crypto Tax Compliance Startup Taxbit Raises $100 Million, Targets International Expansion
5.3.2021
U.S. crypto tax compliance startup Taxbit has raised $100 million in a Series A funding round led by investment firms Paradigm and Tiger Global. Paypal Ventures, Coinbase Ventures, and others including Bill Ackman, Ryan Smith, and Anthony Pompliano also joined the round. Taxbit chief executive...
US crypto tax startup TaxBit to channel $100M raise into UK expansion
3.3.2021
Utah-based startup TaxBit prepares to provide global crypto-oriented tax expertise with a newly raised $100 million
PayPal, Coinbase Invest in Crypto Tax Automation Startup TaxBit
7.1.2021
PayPal Ventures, Coinbase Ventures and Winklevoss Capital invested an undisclosed amount in the firm
Hodlers Can Donate Crypto to Charity to Minimize Tax Payments
14.7.2020
Donating crypto means it won’t be taxed, say The Giving Block and TAXbit, which published a guide to facilitate such donations
Uphold Teams Up With TaxBit to More Accurately Report Users’ Crypto Trades
3.3.2020
Uphold is launching a real-time tax liability dashboard with the help of TaxBit, allowing users to more easily understand and file their taxes
Tax Compliance Firm TaxBit Raises $5M to Improve Crypto Tax Reporting
6.1.2020
TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from Winklevoss Capital