ZenLedger works with all exchanges and all crypto and fiat currencies. Bitcoin, Ethereum, Litecoins, Dollars, Euros, Pounds Sterling, Yen - and all the others.
ZenLedger imports your transactions and prepares useful documents, including Capital Gains Reports, Income Reports, Donation Reports, and Closing Reports.
ZenLedger will produce profit/loss statements for you and your CPA. Whether you are a miner, day trader, or Hodler, ZenLedger is here to ensure you never over-pay taxes.
All versions include the following features: Audit Report, CPA Access, FIFO or LIFO, Unlimited Exchanges, Income, Mining or Donations, ICOs or AirDrops, Fincen 114 and FBAR. And we are constantly adding more. Also Product Consulting and Customizations service is available per request at $100/hr as an add-on.
"ZenLedger rises above others. While there is so much bad software out there for crypto taxes, ZenLedger is a breath of fresh air."
Jude N.Major Crypto Investor
"ZenLedger delivers. I am very pleased with the quality of software and the care extended by the ZenLedger team."
"A reliable service with great communication. It also provides concise information regarding trading/tax practices."
Mark ZarkosCEO, ApexRidge Capital
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Yes, you are required to pay US taxes, capital gains, on all income whether domestic or international. The IRS is currently contracting with several chain analysis companies to scour the blockchain to find cryptocurrency "hodlers" who are avoiding taxes. The IRS also successfully sued Coinbase so now a Federal Court has ordered Coinbase to turn over identifying records for all users who have bought, sold, sent, or received more than $20,000 through their accounts in a single year between 2013 and 2015. More action by the IRS is possibly coming soon as they do their research and analysis and target specific wallets and exchanges. Adding to the confusion, there are state attorney generals also considering lawsuits against the tax bill. It is a very fluid situation that requires monitoring and action.
There is always a possibility to receive an unpleasant audit notice. The IRS is actively targeting individuals who are using cryptocurrency for tax evasion or who are not paying their cryptocurrency capital gains. It is better to be prepared.
A taxable event is typically a sale or disposition of an asset. In crypto, a taxable event occurs whenever a coin is traded for cash (also known as fiat) or another cryptocurrency or whenever cryptocurrency is used to purchase goods or services. Transferring BTC from Coinbase to Bittrex is not a taxable event. Transferring BTC to ETH to an ICO is considered a taxable event. It's also now explicitly forbidden to try to 1031 exchange your ICO holdings. Consult your tax professional as you make these decisions to decide how aggressive or conservative you wish to be and how to appropriately provide the right documentation and pay taxes on events of this nature to create a record.
ZenLedger does not do your taxes. You and your tax professional file your own taxes with the State and Federal Government wherever you reside. ZenLedger quickly aggregates your many ledgers, marks the transactions to market, and allows you to categorize each transaction by use. You will need to provide us with a CSV of all your transactions from an exchange or a public address that we can then scrape into the tool and present to your CPA in a readable, standardized format.
We are racing to integrate reports from Coinbase, GDAX, Bittrex, Binance, Kucoin, Gemini, Poloniex, and a host of other exchanges. We will support almost every coin: Bitcoin BTC, Ether ETH, Ripple XRP, Bitcoin Cash BCH, Litecoin LTC and hundreds of others. We are also working to give you reports in different global currencies. ZenLedger isn't just for Americans. ZenLedger can be used by anyone in the world that is using multiple ledgers and would like those transactions easily aggregated and cleaned up into a readable format. Whether it is US Dollars, Euro, Japanese Yen, British Pound, we are working to support all global currencies.
Our recommendation for achieving full compliance is always to disclose if in doubt. Token trades and token purchases made through exchanges are visible to the IRS and to other enforcement agencies, so differences between your affirmative reporting and records visible to enforcement agencies are likely if these assets are omitted from reporting.
You can make changes to your account settings by logging in and clicking on My Account in the upper right corner of the screen. Once you are in the account, you can make changes to the following: Profile Settings Email Address Password Your Tax Answers Notifications Plans Payment Information Billing History Other (=> Delete Account) Clear All Transaction
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