Coinbase is the First Company to Enhance the Tax Filing Process for Tax Pros and Crypto Users Through CoinTracker Connect
SAN FRANCISCO–(BUSINESS WIRE)–CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers, today announced the launch of its newest product: CoinTracker Connect. The novel collaborative hub enables users to add their existing tax professional, connect with vetted tax professionals as needed, and benefit from personalized expert support. CoinTracker Connect ensures digital asset holders are equipped to file taxes accurately, confidently, and in a compliant manner.
Filing taxes on digital assets is as challenging for the tax professionals as it is for taxpayers. Although 21% of Americans own cryptocurrency, nearly half of these investors were unaware of the need to file crypto taxes – indicating that the need for expert professional guidance is growing rapidly. As the adoption of digital assets grows, crypto users are increasingly searching for crypto reconciliation experts and crypto CPAs to execute full tax returns or provide tax advice.
CoinTracker Connect’s full-service dashboard allows users to collaborate with vetted tax professionals in real-time to identify incorrect data, uncover missing transactions, complete entire tax returns, or get timely tax optimization advice. CoinTracker Connect bridges the gap from a digital self-service model to a robust, end-to-end tax filing hub. Coinbase will be the first company to use the new solution.
“One of the most common questions our clients ask is whether they can be connected with a tax professional who understands the nuances of digital assets. We look forward to bringing Connect to our clients so that they can easily receive the support they need,” said Jessica Williams, Director of Brand and Partnerships at Coinbase.
“Although cryptocurrency is becoming commonplace, I have witnessed first-hand how uncomfortable the majority of tax professionals are when handling digital assets,” added Noah Buxton Founder, The Network Firm.
Specifically, CoinTracker Connect delivers personalized expert support to file crypto taxes quickly with peace of mind. CoinTracker Connect offers users three different ways to connect:
- Connect with tax pros for data reconciliation, full tax returns, tax attorney advice, and more.
- Collaborate with your existing tax pro in a much more robust way via their new tax pro product.
- Connect with an in-house product support specialist.
“We’re incredibly excited to launch CoinTracker Connect and help millions of users along the crypto tax filing process,” commented Vera Tzoneva, COO at CoinTracker. “CoinTracker’s mission is to enable the use of cryptocurrency with peace of mind, in large part by delivering users the requisite resources to be compliant. As the regulatory landscape continues to evolve, we’re confident that CoinTracker Connect will help simplify the crypto tax filing process for users and accounting professionals.”
To get started with CoinTracker Connect, please visit: cointracker.io/connect.
To begin filing taxes, tracking your crypto portfolio, or to learn more about CoinTracker, visit: cointracker.io. Follow CoinTracker on Twitter and join the conversation.
About CoinTracker:
CoinTracker is the market leader in crypto portfolio tracking and tax compliance for consumers, leveraging the best technology and partnerships to deliver the highest level of accuracy, simplicity and value year-round. Users collectively track over $50 billion in crypto assets on CoinTracker. Founded in 2017, CoinTracker is backed by Accel, General Catalyst, Initialized Capital, Y Combinator, 776 Ventures, and other leading investors. CoinTracker is the exclusive cryptocurrency tax partner for many of the top exchanges and tax products, including Coinbase, OpenSea, Intuit’s TurboTax, and Blockchain.com. For more information, please visit https://www.cointracker.io.
Contacts
Isaiah Jackson
Howl Labs
t: 805 674 7348
e: isaiah@howl.xyz
