TaxBit Company Intelligence

Founded in 2018, TaxBit had a vision of simplifying crypto taxes by automating the regulatory hurdles of tax compliance. TaxBit seeks to shift the tax reporting burden from the retail consumers to the enterprises – the company has been putting in efforts to develop a robust set of tools for institutional/public sector clients and participating in various partnerships (i.e. TaxBit Network offering free crypto tax support) to streamline the crypto tax procedure for all participants. This year, +30 million tax forms have been submitted using TaxBit. TaxBit’s broader suite of enterprise products enables accurate solutions for complete tax compliance given ever-evolving regulations – including tax identification number (TIN) verification, cost basis tracking, IRS form generation and more. TaxBit’s key focus for 2022 and beyond is developing. 

“At TaxBit, we believe that one of the greatest financial innovations and disruptions of the last century, cryptocurrency, should not be weighed down by the complexities of tax and accounting.”