RATE Group | Thomson Reuters Launches Crypto Tax Tool
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Thomson Reuters Launches Crypto Tax Tool

23 Dec Thomson Reuters Launches Crypto Tax Tool

Posted at 19:30h in Bitcoin News by

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Thomson Reuters Launches Crypto Tax Tool

Tax authorities around the world are increasing their focus on crypto transactions and companies are rushing to help investors navigate the unclear regulations. The latest example is Thomson Reuters which has added a new tool for American tax payers to report crypto dealings to the IRS.

Also Read: Thomson Reuters Eikon to Display Data on 50 Cryptocurrencies From Cryptocompare

Thomson Reuters Gosystem Tax Now Supports Crypto

Toronto-headquartered multinational mass media and information firm, Thomson Reuters Corporation (NYSE: TRI), has revealed that its Individual Gosystem Tax system is launching a “Virtual Currency Organizer” for IRS 1040 form preparation. The tool will be a single point of data entry for crypto dealings including exchanges, forks, purchases and payments. Users of the income tax software suite will now be able to review all transactions in a central location and have the information properly reported on the relevant…

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