Twitter founder Jack Dorsey-led mobile payment company Block has integrated its mobile payment processor Cash App into crypto tax and accounting software TaxBit.
The move will allow Bitcoin holders to calculate and report their taxes by tracing their transactions.
TaxBit’s chief operating officer Lindsey Argalas said the integration would make it easier to report taxes for anyone who owns digital assets.
- The collaboration between the two apps came amid the tax filing season.
- The start of the 2022 tax filing season was scheduled on Jan. 23 by the U.S. Internal Revenue Service (IRS), with a final date of April 18 to report and pay any taxes due.
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- Cash App currently has more than 10 million Bitcoin users.
