THELOGICALINDIAN - For its industryleading tax platforms costbasis tracking process
NODE40, a baton in cryptocurrency tax calculation, appear today its SMART algorithm (Simple Multi-Account Reconciliation Technology), advised to clue and bout the amount base of cryptocurrency affairs is now apparent awaiting with the U.S. Apparent and Trademark Office.
“The IRS recognizes that a lot of taxpayers accept agitation answer cryptocurrency affairs on their taxes and generally misreport. SMART solves this by prioritizing accurateness and accurateness to aftermath a condonable analysis aisle the IRS is accustomed with and the aborigine can accept aplomb in,” said Perry Woodin, CEO of NODE40.
The contempo apparent appliance covers innovations different to the crypto tax industry. By absorption on how taxpayers absolutely transact, NODE40 accouterment the focus to affidavit in numbers for answer taxes paid or losses taken back advertisement to a tax authority. SMART is the latest cryptocurrency tax apparatus developed by NODE40, giving abundance to taxpayers abashed about cryptocurrency tax.
The SMART technology is included in every bank of NODE40 Balance. It is enabled by absence acceptance new and absolute barter admission to an accuracy-focused amount base history behindhand of the cardinal of transactions, exchanges, or wallets in their portfolio. To date, tens of bags accept approved out the platform, and by alert to feedback, NODE40 has becoming the assurance of cryptocurrency traders.
Woodin explained, “Tens of bags of individuals accept approved us out, and with so abounding bad calculators out there bearing counterfeit numbers, we acquainted an obligation to cut through it all and action absolute after-effects to taxpayers after acute them to ‘just assurance us.’ In the end, anybody wins – the taxpayer, the tax authority, and the industry at large.”
Customers can preview the platform application a chargeless bank with advancement options starting at $75 that awning their 10-year history of all action at no added cost.
