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Empowering Individuals To Efficiently File Cryptocurrency Taxes, TaxToken Launches Blockchain-As-A-Service Solution

By siliconindia   |   Wednesday, January 16, 2019
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TaxToken, a blockchain-as-a-service (BaaS) company that assists taxpayers to streamline their individual cryptocurrency accounting, declares its official company launch. By blending blockchain & artificial intelligence, TaxToken automates cryptocurrency tax filing process, for swift, smooth & error-free filing.

Co-founders Nathan Nichols & Michael Foland formulated TaxToken with the notion that the prevailing crypto tax filing process is broken and puts an undue burden on taxpayers to keep meticulous records and hire expensive accountants to guide them. Speaking on the occasion, Nathan, says "TaxToken was founded on one principle - it shouldn't be difficult to file your cryptocurrency taxes. TaxToken is humbled and excited to officially launch our cryptocurrency accounting software and play our role in developing the blockchain ecosystem."

By AI-powered automation, TaxToken's BaaS solution auto-syncs with the user's exchanges and wallets and gives a toolkit for simple importing of trade histories, ICO's, Airdrops, forks, mining, payments as well as lost and stolen cryptocurrencies. An automatic dashboard gives a comprehensive review of transactions before filing, allowing users to quickly download auto-filled tax forms that can be exported to the filing system of their choice, including H&R Block, TurboTax and TaxAct. Moreover, TaxToken also offers enterprise solutions for CPA firms, cryptocurrency exchanges, High-Frequency Trading firms and cryptocurrency wallets.

By leveraging Blockchain technology & Artificial Intelligence, TaxToken a blockchain-as-a-service company improves personal accounting. It offers taxpayers an automated, intuitive solution to pay only the amount of taxes they owe and maximize the earnings they deserve.

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