{"id":46051,"date":"2023-02-28T15:39:46","date_gmt":"2023-02-28T19:39:46","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=46051"},"modified":"2023-02-28T15:39:49","modified_gmt":"2023-02-28T19:39:49","slug":"cash-app-integrates-taxbit-amid-tax-filing-season","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cash-app-integrates-taxbit-amid-tax-filing-season\/","title":{"rendered":"Cash App integrates TaxBit amid tax-filing season"},"content":{"rendered":"\n<p>With the TaxBit connection,  <a href=\"https:\/\/coinscreed.com\/staging\/cathie-woods-ark-invest-dumps-paypal-for-cash-app.html\" target=\"_blank\" rel=\"noreferrer noopener\">Jack Dorsey's Cash App<\/a> makes it simpler for holders of the cryptocurrency to compute their taxes.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/02\/croc_1677607522947-1024x576.jpg\" alt=\"Cash App integrates TaxBit amid tax-filing season\" class=\"wp-image-46053\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/02\/croc_1677607522947-1024x576.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/02\/croc_1677607522947-300x169.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/02\/croc_1677607522947-768x432.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/02\/croc_1677607522947-150x84.jpg 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/02\/croc_1677607522947-750x422.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/02\/croc_1677607522947-1140x641.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/02\/croc_1677607522947.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Cash App integrates TaxBit amid tax-filing season<\/figcaption><\/figure>\n\n\n\n<p>Cash App, a mobile payment processor, has included<a href=\"https:\/\/www.google.com\/search?q=Cash+App+integrates+TaxBit+amid+tax-filing+season&client=opera&ei=vlT-Y4vmH4OIxc8P1qGhyAw&ved=0ahUKEwiLveDE-Lj9AhUDRPEDHdZQCMkQ4dUDCA4&uact=5&oq=Cash+App+integrates+TaxBit+amid+tax-filing+season&gs_lcp=Cgxnd3Mtd2l6LXNlcnAQAzIFCCEQoAEyBQghEKABOg0ILhCPARDqAhC0AhgBOg0IABCPARDqAhC0AhgBSgQIQRgAUM0JWM0JYIUUaAJwAHgAgAGaAogBmgKSAQMyLTGYAQCgAQGgAQKwAQrAAQHaAQQIARgK&sclient=gws-wiz-serp\" target=\"_blank\" rel=\"noreferrer noopener\"> TaxBit, a cryptocurrency tax and accounting software<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, into its services to make it easier for owners of Bitcoin (BTC $23,439) to file their taxes.<\/p>\n\n\n\n<p>Both businesses stated that starting of February 28, users can now utilize TaxBit to track their Bitcoin transactions for the purpose of filing taxes. <\/p>\n\n\n\n<p>The platform of TaxBit, according to its chief operating officer Lindsey Argalas, makes tax filing easier &#8220;for everyone who has integrated digital assets into their portfolio.&#8221;<\/p>\n\n\n\n<p>The year after introducing BTC deposits, Cash App introduced its Bitcoin trading services. Almost 10 million people, according to the business, are Bitcoin users. <\/p>\n\n\n\n<p>Block Inc., the parent business of Cash App, has made billions of dollars in Bitcoin sales over the years. The fourth quarter of 2021 saw Block Inc. produce $1.96 billion in Bitcoin revenue, according to documents filed with the <a href=\"https:\/\/coinscreed.com\/staging\/robinhood-receives-sec-subpoena-for-its-crypto-operations.html\" target=\"_blank\" rel=\"noreferrer noopener\">US Securities and Exchange Commission<\/a>.<\/p>\n\n\n\n<p>In 2022, TaxBit created TaxBit Network to offer free tax forms to cryptocurrency traders. Almost a dozen US companies, including PayPal, Coinbase, Binance.US, Paxos, and Gemini, were part of the industry coalition at its inception.<\/p>\n\n\n\n<p>The 2022 tax filing season will begin on January 23 according to the IRS in Washington. The deadline for filing taxes and making payments generally is April 18. <\/p>\n\n\n\n<p>The IRS reminded taxpayers of their reporting requirements for cryptocurrency income, including capital gains from trading, mining, and staking operations, in January.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the TaxBit connection, Jack Dorsey&#8217;s Cash App makes it simpler for holders of the cryptocurrency to compute their taxes. Cash App, a mobile payment processor, has included TaxBit, a cryptocurrency tax and accounting software , into its services to make it easier for owners of Bitcoin (BTC $23,439) to file their taxes. Both businesses [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":46053,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-46051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/02\/croc_1677607522947.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/46051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=46051"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/46051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/46053"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=46051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=46051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=46051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}