Crypto Tax Prep Business Booms as Trading Surges and IRS Tightens Screws

However, some incumbents are building rather than buying: “At Jackson Hewitt, we train our tax pros on tax preparation using our internally sourced training materials (which includes what cryptocurrency is and how to handle it on a tax return) and create our own tax software that can handle cryptocurrency, whether it is payment for a business, payment to a client or investing,” Steber said. The company does not have “an account management or crypto support for portfolio issues,” he said.

Source: https://www.coindesk.com/layer2/taxweek/2022/02/23/crypto-tax-prep-business-booms-as-trading-surges-and-irs-tightens-screws/?utm_medium=referral&utm_source=rss&utm_campaign=headlines