back Back

FlyFin offers crypto tax filings service and crypto tax calculator

By Edlyn Cardoza

January 13, 2022

  • California
  • Crypto Tax Calculator
  • Crypto Taxes
Share

FlyFin, FinTech, Crypto Taxes, Crypto Tax Calculator, Tax Service, FlyFin CPA, IRS, San Jose, California, USAFlyFin, a FinTech company, announced it is offering complete Crypto Taxes as part of its A.I.-powered tax service. The company is also launching a free, advanced Crypto Tax Calculator that is simple, accurate and secure. FlyFin’s Crypto Tax Calculator raises the bar on available options by enabling people to capture multiple crypto transactions simultaneously to determine tax amounts owed. People can also file their crypto taxes with a FlyFin CPA available to help immediately.

With the January 15 quarterly tax deadline around the corner, individuals need to plan their tax filings and associated payments. They can use FlyFin’s AI-based tax engine to file their crypto taxes. For those users who want to get a quick sense of how much they might owe, they can use FlyFin’s crypto tax calculator to simplify the overwhelming complexity that cryptocurrency gains may pose. FlyFin’s AI-based tax engine combines the human expertise of real CPAs to eliminate 95% of work required for self-employed individuals filing their taxes. FlyFin is ideal for freelancers, creator economy free agents, gig workers, and self-employed individuals with a higher level of tax complexities.

Mainstream interest in cryptocurrency investment among ordinary investors has exploded. According to Pew Research Center, 31% of Americans, ages 18 to 29, have invested in, traded, or used a cryptocurrency. Meanwhile, the IRS has sharpened its sights on taxing investors with cryptocurrency income. The U.S. Treasury now requires any transfer worth $10,000 or more to be reported to the IRS. Tax filers who don’t pay crypto taxes on time can be assessed up to 100% penalties, leaving a lot of crypto traders with a rude shock.

FlyFin is an AI-powered, SaaS platform that provides freelancers, self-employed, and creator economy workers with a convenient, easy, affordable answer to maximize deductible expenses and manage tax filings. FlyFin’s ‘Man + Machine’ approach leverages the power of A.I. paired with CPA expertise to deliver automation that eliminates 95% of work required for an individual to prepare their taxes, with tax-filing led by world-class CPAs. FlyFin is a privately-held, venture-backed company based in San Jose, California.

Previous Article

January 12, 2022

5 Cryptocurrency exchanges to watch out for in 2022

Read More
Next Article

January 13, 2022

Thunes expands into Greater China

Read More








IBSi Daily News Analysis

March 22, 2024

California

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 28, 2024

5 Major FinTech Acquisitions announced in March 2024

Read More

March 28, 2024

Tempo France suspends classical remittances, to focus on DeFi

Read More

March 28, 2024

Qonto unveils its first in-house financing offer, ‘Pay later’

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023