Revolut and automated tax reporting solution provider Koinly have agreed to integrate the latter into the fintech company’s line of services.
So what’s @coinly? Koinly reports are designed to make filing your crypto taxes a breeze. By signing up through the app, you can get up to 60% off on your next tax report. Read more on our blog here https://t.co/8ouy9Txrxf
Read our full T&Cs here https://t.co/uUatAtUC0N
— Revolut (@RevolutApp) April 27, 2023
After subscribing to the Koinly solution, the application automatically synchronizes crypto transactions to carry out the necessary calculations.
After registration, new customers of the service will be able to count on a discount of up to 60%.
The initiative comes ahead of the U.S. tax filing deadline at the end of April 2023. The fintech company warned of legal liability if users fail to fulfill their obligations to the state.
Koinly generates relevant reports, but does not provide information to the authorities.
In March 2023, The Wall Street Journal reported on US President Joe Biden’s plans to collect $24 billion in taxes from crypto investors in fiscal year 2024.
In September 2022, it became known that IRS will send invitations to come to the office to users of digital assets who do not report their income. This will be possible after the appropriate permission of the court.
Earlier, the US Treasury issued updated fee guidelines that clarify the status of NFTs.
Recall that Divly analysts estimated the share of crypto investors who paid taxes at 0.53%.
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