If you are unfamiliar with TaxBit they are the world’s number #1 crypto tax software that makes year-round tax management easy and free.
Just yesterday Forbes published an article showing all current partners of the TaxBit network and why those special few just provided phenomenal benefits to their communities.
“Today, TaxBit announced a new network that will provide free, unlimited federal information returns needed for cryptocurrency and NFT investors for 2021 for transactions that were conducted on exchanges that belong to the TaxBit Network.”– Forbes, Jan 11, 2022
As you can see from the photo above, the companies listed as partners on this network are influential giants in the cryptocurrency and NFT spaces such Coinbase, Binance, BlockFi, PayPal, and even…Safemoon.
But why Safemoon?
Immediately after launching in March of last year many dismissed the company as just another Meme-coin or token without any real utility other than social media hype.
Safemoon however has been consistently delivering on project after project , showing that they are here to stay.
In just the last 6 months the team at Safemoon have been busy:
- Partnered with the country of The Gambia in an undisclosed project.
- Released a Safemoon wallet app with Safemoon exchange almost completed.
- Released Safemoon V2 which is a 1000:1 consolidation that is similar to a reverse stock split.
- Accepted into the TaxBit network.
Since the TaxBit network includes the largest exchanges in the world this software is going to make doing taxes easy and free for practically every crypto holder.
As governments apply more tax regulations on crypto it will likely be necessary to use TaxBit.