Taxbit Consumer Platform Update

Taxbit Consumer Platform Update

Navigating Taxbit’s Consumer Platform Shutdown

Crypto investors are used to uncertainty and change, but it’s even more challenging when surprises come out of left field. The most recent ding came not from the markets but from TaxBit’s announcement that they are closing down their consumer platform for individual investors.

If you are affected by TaxBit’s decision, it probably feels stressful, especially with year-end approaching.

ZenLedger can help. We’re offering you a seamless transition to our user-friendly platform trusted by over 100,000 crypto investors. What’s more, former TaxBit clients will enjoy a 35% discount when they switch to ZenLedger for a limited time. Simply send an email to @[email protected] to redeem your discount!

Let’s take a closer look at how we can help you.

The ZenLedger Experience

You’ll notice a difference immediately when you switch from Taxbit to ZenLedger. Reliable consistency doesn’t have to mean a bare-bones experience for clients. We’ve created a full suite of benefits that you will enjoy as a ZenLedger client:

  • Painéal ZenLedger: Iompórtáil agus comhdhlúthaigh do stair idirbheart ó mhalartáin, sparán, agus tionscadail chripte isteach i do phainéal ZenLedger.
  • Top-notch Tools: We feature the most comprehensive cryptocurrency tax calculator on the market. Our meticulous and comprehensive system ensures the accounting of every transaction, delivering you peace of mind and precise reports.
  • Comhtháthú Leathan: Tacaíonn ZenLedger le breis is 300 malartán agus sparán, rud a chinntíonn gur féidir leat do stair idirbheart a allmhairiú go héasca, beag beann ar an áit a ndéanann tú trádáil nó stóráil ar do chriptea-airgeadraí.
  • Tuairisciú Cuimsitheach: Gineann an bogearra na tuarascálacha cánach ríthábhachtacha go léir, lena n-áirítear Sceideal 1 den IRS, Gnóthachain agus Caillteanais Chaipitiúla Sceideal D, Díolacháin 8949, Ioncam Mianadóireachta agus Geallchurtha, tuarascáil ar an gConair Iniúchta, agus fiú síntiúis agus bronntanais cryptocurrency.
  • Cuntasaíocht Aontaithe Mhór: Tugann Tuarascáil Luachála Deireadh Bliana ZenLedger suaimhneas intinne duit chun d’idirbhearta a athbhreithniú go tapa. Soláthraíonn an GUA achoimre mhionsonraithe ar d’idirbhearta, rud a ligeann duit do dhliteanas cánach a mheas agus forbhreathnú cuimsitheach a fháil ar do shealúchais ar fud malartuithe iomadúla, sparán, féin-aistrithe, agus níos mó i scarbhileog shimplí.
  • Fómhar Caillteanas Cánach: Cuireann ZenLedger uirlisí optamaithe cánach ar fáil, amhail fómhar caillteanas cánach, ar féidir leo cabhrú leat do dhliteanas cánach a íoslaghdú go dleathach trí leas a bhaint as an straitéis chun do ghnóthachain chaipitiúla a fhritháireamh le caillteanais.
  • Comhéadan a Thacaíonn le hÚsáideoir: Tuigimid nach dócha gur CPA thú. Tá comhéadan iomasach ZenLedger tógtha lenár mbonn cliant infheistíochta san áireamh, rud a chabhraíonn leat nascleanúint a dhéanamh tríd an mbogearra gan stró.
  • Comhtháthú le Comhtháthú Díreach IRS, TurboTax, agus TaxAct: Seasann ZenLedger amach lena chomhtháthú gan uaim le huirlisí cánach ar líne coitianta ar nós TurboTax agus TaxAct. Is féidir leat cánacha a chomhdú do do phunann iomlán, lena n-áirítear do shealúchais cripte, in aon áit amháin.
  • Tacaíocht Préimh do Chustaiméirí: All of our plans now feature premium customer support. Need help at 3 AM? Do you have a tax emergency? Our tax experts are on standby around the clock.
  • Praghsáil Inacmhainne: Cuireann ZenLedger roinnt roghanna praghsála iomaíocha ar fáil, ó shaor in aisce go seirbhís iomlán, rud a fhágann go bhfuil sé inrochtana do bheagnach gach infheisteoir.

We serve over 100,000 clients and have tracked over $50B in holdings. We’ve already started welcoming many former Taxbit clients.. We invite you to come on over and check out the ZenLedger difference. 

Continuity Matters, Especially in Crypto

We’ve been in the crypto space since 2017. We know crypto investments have their own unique challenges. Here are a few reasons we want to ensure you have continuity of support:

  • Castacht: Tá fís bhunaidh Bitcoin maidir le hairgeadas a shimpliú imithe le fada. Is féidir le hidirbhearta cripte-airgeadra a bheith an-chasta. Le cineálacha éagsúla comharthaí, malartuithe, sparán agus straitéisí trádála, is féidir go mbeadh sé ró-mhór agus seans maith go dtarlóidh earráidí nuair a rianaítear gach idirbheart de láimh.
  • Luaineacht: Tá a fhios ag aon infheisteoir sa spás cripte go bhfuil cripteairgeadraí aitheanta as a luaineacht praghsanna. Mar gheall ar na luaineachtaí praghais go minic, is dúshlánach luach cruinn do shealúchais a chinneadh ag aon am ar leith, rud atá ríthábhachtach chun tuairisciú cánach cruinn a dhéanamh.
  • Athruithe Rialála: Bíonn rialacháin chánach cripte-airgeadra ag athrú i gcónaí. Tá sé deacair fanacht suas chun dáta leis na hathruithe seo ach tá sé riachtanach chun saincheisteanna dlíthiúla féideartha a sheachaint.

Switch to ZenLedger Now, Avoid Hassles Later

We realize Taxbit’s decision probably feels stressful. And while it might be tempting to put off the decision to switch to ZenLedger, staying on top of your accounts is crucial to avoid anxiety on April 15 and beyond. That’s because tax regulations will change for crypto in the next couple of years at a minimum.

For example, President Biden’s proposed budget for the fiscal year 2024 introduces a change in the tax treatment of “wash sales” involving digital assets.

A wash sale happens when you sell securities at a loss and buy the same shares within 30 days before or after the sale date. The government enforces wash sale rules to prevent investors from creating a deductible loss for the purpose of offsetting gains with only a short interruption in owning the security.

Additional cryptocurrency-related provisions in the budget include alterations to mark-to-market tax regulations to encompass digital assets. A mark-to-market system imposes annual taxes on the change in an asset’s value year-over-year, as opposed to capital gains, which (as of now) are taxed only when the investor sells the asset. Finally, the proposed regulations include a disclosure mandate for U.S. citizens with substantial holdings in foreign digital asset accounts to report these holdings to the IRS.

While the above changes are not official, they give you an idea of the complex direction that crypto taxes are heading, with more oversight and compliance requirements.

Príomhghnéithe le Lorg i mBogearraí Cánach Crypto

Filing crypto taxes involves a lot of complexity, so choosing a full-featured solution is essential. When selecting a crypto tax software, consider the following features:

  • Tacaíocht do Mhalartáin agus Sparán Ilghnéitheacha: Cinntigh go dtacaíonn an bogearra leis na malartuithe agus na sparán uile a úsáideann tú, mar go ndéanfaidh sé seo níos éasca stair d’idirbheart a allmhairiú.
  • Comhtháthú Sonraí Fíor-Ama: Cuardaigh bogearraí a chomhtháthaíonn le malartuithe cripte coitianta agus a sholáthraíonn sioncrónú sonraí fíor-ama.
  • Tuairisciú Cánach: The software should generate comprehensive tax reports, including capital gains, income, and transaction history reports.
  • Uirlisí Optamaithe Cánach: Cuireann roinnt bogearraí uirlisí ar fáil chun cabhrú le do dhliteanas cánach a íoslaghdú go dleathach.
  • Comhéadan a Thacaíonn le hÚsáideoir: A bhuíochas leis an gcomhéadan atá furasta le húsáid, is fusa nascleanúint agus úsáid na mbogearraí a dhéanamh.
  • Slándáil: Cinntigh go bhfuil bearta slándála láidre ag an mbogearra chun sonraí airgeadais íogaire a chosaint.
  • Tacaíocht do Chustaiméirí: Is féidir le tacaíocht den scoth do chustaiméirí a bheith thar a bheith luachmhar má bhíonn aon fhadhbanna agat agus an bogearra á úsáid agat.
  • Costas: Smaoinigh ar an struchtúr praghsála, lena n-áirítear cibé an dtugann sé triail saor in aisce nó ráthaíocht airgid ar ais.

Tá cánacha cripte scanrúil mar go bhfuil an mionsonraí atá ag teastáil le haghaidh tuairisciú cánach thar a bheith mór má tá níos mó ná cúpla idirbheart agat. Gan trácht ar, na rialacha are still changing from year to year. Be sure you have the right partner in your corner that offers the features you need.

Make the Switch from Taxbit to Zenledger today!

Crypto is here to stay – and, less exciting, so are taxes. The good news for ZenLedger clients is we are here to stay, too! We are here for the long haul. Are you ready to make the switch? We will help you make this transition as seamless as possible. We are here to make this super easy for you – simply send us an email at [email protected] to redeem your discount.

Ullmhaíodh an t-ábhar seo chun críocha faisnéise amháin agus níor cheart é a léirmhíniú mar chomhairle ghairmiúil ná dhlíthiúil. Iarr comhairle dhlíthiúil, airgeadais, chánach nó comhairle eile neamhspleách a bhaineann go sonrach le do chás ar leith.

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