A new report has been launched by Crypto Info Wire covering the benefits of ZenLedger for CPAs and crypto investors. Many people are unaware of the tax impact of buying and selling cryptocurrency, which can lead to issues with IRS. ZenLedger manages the tax liability process to make it easier.
For more information please visit the website here: https://cryptoinfowire.com/zenledger
The report highlights that for many people, determining tax liability when trading crypto can be a confusing process. Many wonder how to report cryptocurrency on taxes, which is where ZenLedger can help.
One of the main benefits of using ZenLedger is that it automates the tax management process for cryptocurrency. It’s also able to create IRS form 8949 and Schedule D forms.
This also represents a good opportunity for CPAs and accountants who don’t want to lose potential clients among crypto owners. ZenLedger makes it easier than ever to comply with IRS crypto guidelines.
Cryptocurrency has become incredibly popular since Bitcoin hit the mainstream. Now more people than ever are investing in both Bitcoin and its competitors.
Because the IRS treats cryptocurrency as property, it’s similar to a home or equity investment. With each transaction, taxpayers need to calculate their gain or loss on conversion.
This can be a time consuming and difficult process. However, ZenLedger streamlines it for all users.
ZenLedger works with all major exchanges and cryptos, including Bitcoin, Ethereum, Litecoins and more. It produces all the profit/loss statements needed, and helps to ensure that users never overpay on their tax bill.
A number of different tiers are available, and they all provide audit reports, CPA access, unlimited exchanges, Turbo Tax integration and more.
ZenLedger states: “Would you like your taxes done for you? ZenLedger will introduce you to a crypto tax professional to get your taxes done quickly and easily with the smartest tax strategies.”
Those wishing to find out more can visit their website on the link provided above.
Release ID: 88952217