The Delphi Podcast

TokenTax’s Zac and Alex: The Ultimate Crypto Tax Deep Dive

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Nov 24, 2020
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ANECDOTE

TokenTax Origin Story

  • TokenTax started in 2017 as a personal tool for crypto tax tracking.
  • It won a Google hackathon prize and evolved into a product to solve widespread user challenges.
INSIGHT

Crypto Taxes Were a Mess

  • Before comprehensive software, crypto taxes required CPA skills and Excel mastery.
  • High transaction volumes and crypto-to-crypto trades made DIY tax filing nearly impossible.
INSIGHT

Using TokenTax Reduces Audits

  • IRS audits people with unreported or underestimated crypto income.
  • Using TokenTax helps provide detailed, accurate transaction reports that reduce audit risk.
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