TaxNodes is a platform that automates crypto tax calculations and income tax return (ITR) filing, utilizing advanced algorithms to ensure over 99.4% accuracy in tax reports while integrating with over 200 wallets. It addresses the complexities of reporting capital gains and optimizing tax liabilities for cryptocurrency investors through expert-assisted services and personalized consultations.
Funding
$1.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Calculating and filing taxes on cryptocurrency investments can be complex due to the varying regulations and the need to track transactions across multiple wallets and exchanges. Many crypto investors lack the expertise to accurately compute their tax liabilities and navigate the intricacies of tax filing, potentially leading to errors and non-compliance.
Solution
TaxNodes offers a platform designed to automate crypto tax calculations and income tax return (ITR) filing, ensuring accuracy and compliance for cryptocurrency investors. The platform integrates with over 200 wallets and exchanges, allowing users to effortlessly sync their transaction data and generate comprehensive tax reports. TaxNodes simplifies the process of reporting capital gains and optimizing tax liabilities through expert-assisted services, personalized video consultations with experienced Chartered Accountants (CAs), and customized assistance for reconciliation and tax-related queries. The platform aims to provide clarity on taxes levied on crypto investments, enabling users to trade crypto without worrying about the complexities of tax filing.
Target Audience
TaxNodes primarily targets individual cryptocurrency investors and traders who need assistance with calculating and filing their crypto taxes, as well as crypto exchanges seeking to provide tax compliance solutions to their users.
Features
- Automated crypto tax calculation with over 99.4% accuracy
- Support for syncing transactions from over 200 wallets and exchanges
- Expert-assisted ITR filing service tailored for individual needs
- Personalized video consultations with experienced CAs
- Tax advisory services from crypto and tax veterans
- Tax planning and year-end tax reports for easy return filing
- Warnings report for self-correction of portfolio discrepancies
- Support for tax audit facilitation
- AES-256 encryption to safeguard customer data