New York-based BlockFi, a provider of crypto-backed lending products, has partnered with Sovos, a startup that focuses on cryptocurrency accounting and auditing, in order to modernize its tax information reporting. BlockFi will use Sovos’ technology to automate its 1099 forms and filings, which helps reduce potential human errors and ensure automatic regulatory updates. The company’s Tax …
From https://www.cashbits.io/blockfi-taps-sovos-for-crypto-tax-compliance-in-the-us/
from
https://cashbitsio0.wordpress.com/2020/06/10/blockfi-taps-sovos-for-crypto-tax-compliance-in-the-us/
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