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Finally, a Simple & Accurate Crypto Tax Solution You Can Trust

As complicated as crypto taxes are, it takes too much time and money to get numbers you can trust. We’re here to change that.

Let’s face it…

…cryptocurrency has gotten a bad rap lately. With all the scams, false promises, and dishonesty out there, we aim to bring honesty back into the market by allowing honest folks to pay honest taxes. Learn More

Let’s face it…

…cryptocurrency has gotten a bad rap lately. With all the scams, false promises, and dishonesty out there, we aim to bring honesty back into the market by allowing honest folks to pay honest taxes. 

introducing profitstance

The most accurate and complete tax & accounting platform for all cryptocurrency investors.

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Our Carefully Crafted Solution

At ProfitStance, we believe cryptocurrency is the future. We provide the cryptocurrency accounting tools that are needed to increase its value and achieve the next level of user adoption.

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Compliance With the IRS

Our tax results are calculated based on the latest set of IRS and International tax guidelines.

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Save Hours of Time

More transactions lead to exponential complexities that could take an accountant days to calculate.

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Peace of Mind

Rest easy knowing your assets are safe from auditors by being 100% compliant with tax regulations.

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Pay the Right Amount, Not a Penny More

Errors can be costly, sometimes in favor of the government. Those errors are a thing of the past with this kind of blockchain accounting.

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See Your Tax Burden in Real Time

By automatically pulling data from your exchanges/wallets into a digital ledger, we show the tax impact of every trade in real time.

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Aggregate All of Your Exchanges with One Click

For each exchange or wallet you connect to our blockchain accounting app, we correlate each transaction so everything is accounted for.

icon-compliance-with-the-irs-green

Compliance With the IRS

Our tax results are calculated based on the latest set of IRS and International tax guidelines.

icon-save-hours-of-time-green

Save Hours of Time

More transactions lead to exponential complexities that could take an accountant days to calculate.

icon-peace-of-mind-green

Peace of Mind

Rest easy knowing your assets are safe from auditors by being 100% compliant with tax regulations.

icon-pay-the-right-amount-not-a-penny-more-green

Pay the Right Amount, Not a Penny More

Errors can be costly, sometimes in favor of the government. Those errors are a thing of the past with this kind of blockchain accounting.

icon-see-your-tax-burden-green

See Your Tax Burden in Real Time

By automatically pulling data from your exchanges/wallets into a digital ledger, we show the tax impact of every trade in real time.

icon-aggregate-all-of-your-exchanges-green

Aggregate All of Your Exchanges with One Click

For each exchange or wallet you connect to our blockchain accounting app, we correlate each transaction so everything is accounted for.

our $1 million guarantee

We guarantee 100% accurate calculations or we’ll pay your IRS fines and interest up to $1 million.

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Taxes Calculated 100% Accurately

We check and double-check our algorithms to ensure 100% accuracy with the latest accounting standards.

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Don’t Pay a Penny More Than Necessary

We protect the margins on your investments by eliminating costly errors in tax calculations.

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Every Document Backed with Our Guarantee

We guarantee 100% accurate calculations or we’ll pay your IRS fines and interest up to $1 million.

real support by real people

We offer the best support and service you can imagine. Contact us with any questions and our team will respond the same day. We want your experience with ProfitStance to be a great one and we’ll do whatever we can to ensure that!

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Complete Your Taxes in Minutes!

$1 million guarantee. No credit card required.

FAQ

Answers to Your Biggest Cryptocurrency Tax Questions

ProfitStance consults with the leading tax experts and government officials to always have the latest information on cryptocurrency regulations.

Why should I go to the trouble to voluntarily report and file my taxes on my digital currency and crypto assets?

First, because the law requires it. Second, because compliance – not rebellion and anarchy – brings about market stability and growth.  As more people follow the IRS laws, digital currency will play a greater hand in the global economy, and third, because when you use a smart bitcoin accounting and tax software solution such as ProfitStance, you can legally minimize your taxes.

Since the beginning of crypto time, the IRS hasn’t required people to file their taxes on crypto assets. So why should I worry about it now?

The IRS has recently taken actions and published comments that indicate they will begin enforcing tax policy for crypto assets for 2018 and prior years.

Do I need to report all of the digital currency assets I own on all of my exchanges AND wallets I’ve ever used?

Yes, the IRS requires trades made on any and every exchange and wallet to be reported.

How is virtual currency treated for US Tax purposes?

For US Tax purposes, virtual currency is treated as property. General US Tax principles applicable to property transactions apply to transactions using virtual currency.

Does a taxpayer who “mines” virtual currency realize gross income upon receipt of the virtual currency resulting from those activities?

Yes, when a taxpayer successfully “mines” virtual currency, the fair market value of the virtual currency as of the date of receipt is includible in gross income.

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Why should I go to the trouble to voluntarily report and file my taxes on my digital currency and crypto assets?

First, because the law requires it. Second, because compliance – not rebellion and anarchy – brings about market stability and growth.  As more people follow the IRS laws, digital currency will play a greater hand in the global economy, and third, because when you use a smart bitcoin accounting and tax software solution such as ProfitStance, you can legally minimize your taxes.

Since the beginning of crypto time, the IRS hasn’t required people to file their taxes on crypto assets. So why should I worry about it now?

The IRS has recently taken actions and published comments that indicate they will begin enforcing tax policy for crypto assets for 2018 and prior years.

Do I need to report all of the digital currency assets I own on all of my exchanges AND wallets I’ve ever used?

Yes, the IRS requires trades made on any and every exchange and wallet to be reported.

How is virtual currency treated for US Tax purposes?

For US Tax purposes, virtual currency is treated as property. General US Tax principles applicable to property transactions apply to transactions using virtual currency.

Does a taxpayer who “mines” virtual currency realize gross income upon receipt of the virtual currency resulting from those activities?

Yes, when a taxpayer successfully “mines” virtual currency, the fair market value of the virtual currency as of the date of receipt is includible in gross income.