(Newswire.net — July 29, 2020) — Crypto Info Wire releases an updated report on how to use ZenLedger to accurately calculate crypto taxes and generate a variety of automated IRS reports.
Expert crypto information website Crypto Info Wire updated its popular report on accurate crypto tax filling in 2020. The latest announcement aims to provide crypto investors and CPAs with expert tips on how to use an accessible software to handle all crypto tax filling and calculation processes.
More details can be found at https://cryptoinfowire.com/zenledger.
The new report aims to respond to the increased demand for high-quality crypto tax filling resources. The 2020 deadline has been extended from April 15th to July 15th, allowing investors extra time to calculate their taxes and avoid an IRS audit.
The report explains that ZenLedger is an all-in-one tool that gives users an accessible integrated interface they can use for all their crypto tax calculation, reporting and management needs.
Since cryptos are considered property by the IRS, they are subject to the same taxation policies as real estate and stocks. All crypto transactions are potentially taxable, including conversion, buying and selling.
ZenLedger makes it easy to calculate crypto gains and losses and generate a wide range of IRS-compliant reports, including Schedule 1 and Schedule 2 forms, FinCen 114 reports and more.
All reports are downloadable and customizable, making the software ideal both for cyrpto investors and CPAs looking to diversify the services offered to their clients.
The software allows users to import their crypto transactions for hundreds of coins, including Bitcoin and Ethereum. The platform is fully compatible with more than 300 exchanges and supports currencies such as euros, dollars, pounds and yen, among others.
To ensure high standards of customer satisfaction, ZenLedger offers both email and phone support to all users.
A satisfied client said: “I thought I had a handle on my limited crypto trading for 2018, but I was wrong. ZenLedger gave me a valuable education in what is really required for tax reporting and made it very easy to gather the necessary records. The software did all of the work from there. I highly recommend this product!”
Interested parties can find more information by visiting the above-mentioned website.