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TaxBit

What to Know When Doing Your Crypto Taxes
Video
Tax
What to Know When Doing Your Crypto Taxes
Seth Wilks, Taxbit Head of Government Relations & SME, joins “First Mover” to share tips on navigating crypto tax rules following the recent infrastructure bill. Wilks explain...
What to Know When Doing Your Crypto Taxes
By CoinDesk Staff
Mar 9, 2022 at 4:32 p.m. UTC
Mar 9, 2022
TaxcdtvFM ClipTaxBitSeth Wilks
Users of Coinbase, PayPal, FTX.US and More Will Be Able to File Crypto Taxes for Free Through TaxBit Network
Video
Coinbase
Users of Coinbase, PayPal, FTX.US and More Will Be Able to File Crypto Taxes for Free Through TaxBit Network
Utah-based tax software firm TaxBit has launched the TaxBit Network, a supported network of 20 top crypto companies including Coinbase, Gemini and SuperRare, that will allow c...
Users of Coinbase, PayPal, FTX.US and More Will Be Able to File Crypto Taxes for Free Through TaxBit Network
By CoinDesk Staff
Jan 12, 2022 at 2:37 p.m. UTC
Jan 12, 2022
CoinbaseHash clipSuperRarecrypto taxGeminiTaxBit2021TaxBit Network
Tax Software Firm TaxBit Value Tops $1B Unicorn Status
Video
Cdtv
Tax Software Firm TaxBit Value Tops $1B Unicorn Status
TaxBit, a crypto tax software provider for IRS and various institutional clients, raised $130 million in a Series B funding round that valued the startup at $1.33 billion.
Tax Software Firm TaxBit Value Tops $1B Unicorn Status
By CoinDesk Staff
Aug 18, 2021 at 2:50 p.m. UTC
Aug 18, 2021
cdtvIRSFM Clipcrypto taxCDSpotlight_SponsorTaxBitAustin Woodward
Left to right: TaxBit co-founders Justin and Austin Woodward
Finance
Irs
TaxBit Raises $130M Series B at $1.33B Valuation
It's the second major funding round for the tax software firm this year.
Left to right: TaxBit co-founders Justin and Austin Woodward
By Danny Nelson
Aug 12, 2021 at 2:21 p.m. UTC
Aug 12, 2021
IRStaxesFunding RoundsTaxBit
The IRS has tapped TaxBit with providing crypto-specific support when the agency audits high-volume accounts.
Markets
Irs
IRS Taps TaxBit to Audit Bulk Crypto Transactions
TaxBit will aggregate transaction data and ensure that the right figures were reported by the taxpayer.
The IRS has tapped TaxBit with providing crypto-specific support when the agency audits high-volume accounts.
By Nikhilesh De
May 11, 2021 at 1:00 p.m. UTC
May 11, 2021
IRSAuditsTaxBit
Brothers Austin and Justin Woodward founded TaxBit in 2018.
Markets
Fundraising
TaxBit Raises $100M in Bid to Take Crypto Taxation Software Global
The Utah-based startup roared out of stealth mode with backing from Paradigm and Tiger Global.
Brothers Austin and Justin Woodward founded TaxBit in 2018.
By Danny Nelson
Mar 2, 2021 at 8:48 p.m. UTC
Mar 2, 2021
FundraisingCrypto TaxesTaxBit
paypal, venmo, hq
Finance
Paypal
PayPal, Coinbase Invest in Crypto Tax Automation Startup TaxBit
PayPal Ventures, Coinbase Ventures and Winklevoss Capital invested an undisclosed amount in the firm.
paypal, venmo, hq
By Tanzeel Akhtar
Jan 7, 2021 at 12:56 p.m. UTC
Jan 7, 2021
PayPalinvestmentCoinbasetaxesWinklevoss CapitalTaxBit
Individuals who donate their cryptocurrencies instead of exchanging for fiat or another crypto may not owe any taxes on those transactions. (SJ Baren/Unsplash)
Policy
Cryptocurrency taxes
Hodlers Can Donate Crypto to Charity to Minimize Tax Payments
Donating crypto means it won’t be taxed, say The Giving Block and TAXbit, which published a guide to facilitate such donations.
Individuals who donate their cryptocurrencies instead of exchanging for fiat or another crypto may not owe any taxes on those transactions. (SJ Baren/Unsplash)
By Sandali Handagama
Jul 14, 2020 at 5:37 a.m. UTC
Jul 14, 2020
Cryptocurrency TaxesTaxBittaxes 2020The Giving Block
TaxBit co-founders Justin and Austin Woodward
Finance
Irs
Uphold Teams With TaxBit to More Accurately Report Users' Crypto Trades
Uphold is launching a real-time tax liability dashboard with the help of TaxBit, allowing users to more easily understand and file their taxes.
TaxBit co-founders Justin and Austin Woodward
By Nikhilesh De
Mar 3, 2020 at 1:05 p.m. UTC
Mar 3, 2020
IRStaxesUpholdTaxBit