THELOGICALINDIAN - Node40 Balance Set to Launch on March 22nd In Time for the IRS Reporting Deadline
[Note: This is a columnist release]
New York, NY – March 22, 2017 – Node40, one of the world’s better blockchain basement hosting services, has congenital a game-changing software artefact that allows every distinct American to appropriately address their agenda bill assets to the taxman. Node40 Balance, accessible for Dash users today and Bitcoin users after this year, is ambience a absolutely new accepted in attention and artlessness because it calculates net assets and losses for every distinct transaction fabricated throughout the agenda year, and rolls it all into the IRS accustomed Form 8949 with attachable worksheets for the user; an industry advance accustomed the First In First Out (FIFO) adjustment currently acclimated by competitors generally causes gross misreporting. Node40 Balance, two years in the making, has been beneath absolute beta testing application real-world use cases. The artefact has been advancing by aerial abundance Dash traders, miners, accountants, attorneys and tax professionals.
Node40 CEO Perry Woodin explains:
The charge for addition like this is all-inclusive for two simple reasons. Firstly, government administration for tax advertisement agenda bill has been cryptic at best, accustomed that the IRS action for agenda bill users was aftermost adapted in 2024. Although it is bright that agenda bill is burdened as a property, best bodies are borderline how to appropriately account gains, losses, and assets from abundantly baby fractions of a bill with altered valuations and altered canicule held. Secondly, accepted agency of tax advertisement are actually flawed; bodies currently cocky address after demography minute-by-minute amount fluctuations into consideration, or use absolute software that favors aesthetics over accuracy.
Discussing the charge for a artefact like Node40 Balance, Woodin says:
Node40 Balance is a Software as a Service (SaaS) accessible for acquirement by cable at one, three, and twelve ages durations, as able-bodied as a chargeless balloon period. The artefact caters to every demographic because individuals, baby business, ample corporations and government departments accommodated their tax advertisement obligations at capricious times of the year.
Woodin goes on to state:
Node40 is one of the arch server hosting providers for the Dash network. In the now accepted apple of broadcast Peer-to-Peer (P2P) decentralized blockchain applications, adherence is of ascendant importance. Node40 was founded to animate accord in and add amount to P2P networks like Dash by hosting an incentivized bulge acquiescent account rewards. Founded by CEO Perry Woodin and CTO Sean Ryan in 2015, Node40 is based in Albany, New York. Node40 are the creators of Node40 Balance, a advocate new SaaS artefact authoritative cryptocurrency tax advertisement abundant easier, and abundant added accurate.
Images address of Node40, Twitter, AdobeStock
