TaxBit’s cryptocurrency tax software was developed by industry leading blockchain CPA’s and cryptocurrency tax attorneys. TaxBit allows you to easily connect over one hundred cryptocurrency exchanges to your TaxBit account, run your transactions through the U.S. tax code, manage your portfolio with the most advanced crypto portfolio tracking analytics, produce a full audit trail showing exactly how gains/losses are calculated, claim the capital loss deduction, and produce your IRS 8949 cryptocurrency tax forms.
TaxBit (taxbit.com) has 348 customer reviews on Five Star Index, with an average rating of 4.2 out of 5.
Also known as
taxbit.com
Website
taxbit.com
Category
Accounting & Tax
Location
Draper, Utah
Listed on Five Star Index
2026
About these reviews
Replies
The company replied to 80% of reviews.
Latest
Most recent review: March 2024.
Edits
Reviews are shown as their authors wrote them. The company can reply, but cannot edit them.
Score
This company cannot pay to remove reviews or change its score.
Alexandra was able to quickly answer every single one of my questions. As I am still learning how to accurately enter information into my account I have had multiple questions. But Alex helped tremendously. Thank you so much!
Response from TaxBitJan 12, 2023
Michael,
We're so glad to hear that you've had a positive experience working with Alex, and with our product! Thank you for taking the time to review us, we greatly appreciate it.
- TaxBit Team
ST
Scott T.
Horrible Customer Service
I paid my $180 subscription and linked my exchanges. TaxBit identified my crypto transactions -- at first. When I sold some crypto TaxBit didn't get the transactions correct. It still showed I owned part of them. Customer service responded quickly but the problems were never resolved. I waited 8 months. NOTHING. Terrible company. Did they refund my money? Nope. Did they perform as advertised? Nope. Also, last year when I downloaded form 8949 for the IRS the report was generic. They don't even put their name on the report so I can show the IRS who compiled the data. They don't even stand behind their work. Totally disappointed!!!!
Response from TaxBitOct 21, 2022
Hey there, Scott!
We appreciate you taking the time to write us a review and provide us with your honest feedback. We are sorry to hear your experience has been unsatisfactory thus far and would like to work with you to get these issues resolved and a refund issued for you. If you are able to update your review with a support ticket number, we can escalate this to our Support Team. Looking forward to getting these issues resolved.
The TaxBit Team
KC
Kristopher C.
Responsive
I think what i was looking for was different but it was an on my end issue. They were great and responsive. They deserve the customer satisfaction ranking they have
Response from TaxBitOct 21, 2022
Hello Kristopher!
We appreciate your review and are glad to hear that you had a good experience with our Support Team. Please don't hesitate to reach out if there is anything we can assist you with in the future. We are always happy to help!
- TaxBit Team
JS
Jeff S.
Bad Customer Service
If I could leave a minus 00 stars I would, I paid for the plus subscription and have not had any support whatsoever, with the plus you are supposed to be able to submit your csv files that need formatting and taxbit support will format them for you and upload to your sources. This has not happened, and they continue to ignore my request which has put me in financial jeopardy of not being able to file my taxes by the deadline, do not use this company unless you want to be ignored and in deep trouble with the IRS
Response from TaxBitOct 12, 2022
Hello Jeff!
We appreciate you taking the time to share your experience and feedback. During this busy time leading up to the tax extension deadline, CSV imports and requests do take a bit longer to complete depending on the size of the files and any additional special case items that need to be considered. We are sorry to hear that our turn around time was unsatisfactory for you!
I can confirm that our team has issued you a full refund, and your account has been canceled (reverted to a free plan).
We hope you find success on another platform for your digital asset tax needs.
Thank you,
TaxBit Team
CR
CryptoTrader
After 5 Months, unable to reconcile Missing Cost Basis (MCB)
TaxBit Tickets (oldest to newest): 67055, 71100, 73165, 83054, 89742
First of all, I want to say that I believe TaxBit will be an amazing Crypto Tax company, but I have been dealing with MISSING TAX BASIS (MTB) issues almost since the beginning of Syncing with my accounts. Maybe I have a fairly complex portfolio configured with TaxBit (3 Exchanges, 2 Wallets, 3 CSV files). I have worked with the Support Team (mostly Russ & Jerry) who have been amazing, and have tried hard to uncover my MTB problems. We have spent many hours on this issue. Due to the MCB issue, I missed the April 2022 filing date, and got a tax extension until Oct 2022, which is coming up. The Support team has tried to fix these issues, even wiping my account and re-adding all transactions. I still have 23 MTB transactions, and have no idea how to fix them. The last update says there is a software bug and I'll be notified when it is fixed; it is nothing that can be fixed by EDITing the transaction. I have tried to escalate this issue many times, to no avail, and have offered to even PAY MONEY to have someone at TaxBit figure out the discrepancies. Again, I believe in this application, but need to get these issues resolved. Surely I'm not the only one having this problem. If I can get my issue escalated and resolved, I will update this Review to 5 Stars.
PLEASE HELP!!!
Update: Thanks Taxbit for the reply. I will be patient for this MTB bug to be fixed. When it is,I'll update my review to 5 as I think the software will be great.
Response from TaxBitSep 30, 2022
Hello!
Thank you so much for taking the time to leave us a review and share about the amazing experience you've had with our Support Team.
Recently, our team has flagged an issue for a small group of users due to a bug in how our software tracks cost basis. Missing cost basis is a common issue in crypto tax software, and we are deeply sorry that our software may be inadequate for your needs at the current time.
As soon as this issue is resolved on our end, we will send you another update. Once again, we are deeply sorry for the inconvenience and would be happy to work with the support team to issue you a refund.
Thank you,
TaxBit Team
IU
internet U.
Read the negative reviews -- this company isn't good
I implore you to read the negative reviews. This was a complete waste of time and money, support and their managers are antagonistic, they seem to think they are all set because they partner with the IRS. What's crazy is that their product straight up doesn't work and support is worse. Inaccurate data that they produce and when you point it out, it's your problem, not their problem. Bizarre one of a kind experience that I hope to never have again with any other company. So glad I found another solution where 1) I was treated with respect and 2) the work was done correctly. Customer does not come first. Nor does accurate data. Product is a joke. I would respect them more if they just said "hey, this isn't perfect yet or even close to perfect, but we're working on it." instead attitude is "we don't know what you're talking about and you need to deal with it." Can't emphasize enough how bad the customer support and the product was. Another reviewer mentioned wasting months working with them to still have totally inaccurate data. Couldn't agree more. Total waste of time and money.
Update: Taxbit replied to my negative review about how the want to build customers for life. If that's the case, I suggest they treat their customers the right way. I understand that the product is ever evolving and have no problems with that. The way they treat customers is bizarre and not cool.
Response from TaxBitSep 30, 2022
Hey there!
We appreciate you taking the time to share your experience and feedback. We are sorry to hear that your time spent with our Support Team and on the platform did not meet our standards and was less than stellar. We hope we can make up for your experience in the future!
As mentioned, our product is ever-evolving and we will continue working toward providing an excellent experience. As we strive to be the best in industry and provide world-class customer service, our user's feedback is crucial for our improvement.
It's critically important to us that we are building customers for life, and we don't want you to pay for something that didn't meet your needs. If you have additional insight or questions for us, please feel free to reach out.
Thank you again for your time!
TaxBit Team
OC
online C.
I wish I could give them a .25 star…
I wish I could give them a .25 star rating instead of a 1 star rating. The overall quality and user-friendliness of the software is slightly better than that of the support, but not much. Support personnel are routinely unmotivated, unknowledgeable, dismissive of the customer concerns, belittling toward the customer, and even aggressive toward the customer. Today, in fact, one of them was baiting me incessantly, attempting to provoke a response of anger from me. This happened when I was trying to convince her to read the background of the support incident - that I just finished providing to her in the chat session - and to come up to speed on the issues that I was attempting to address with them. She became extremely sensitive and more than just a little bit passive aggressive when I pointed out that I have been trying to get a successful result out of taxbit since 12-2021. That's right. It's been about 10 months. I have literally taken months away from work to try to get them to help me with the "normal" operation of their software.
When I asked to have my situation escalated to the next level, hopefully to someone who would effectively represent company management, I was subjected to an attempt to shame me into silence on the technical and customer service issues that taxbit is struggling with. What did he say to me in an emailed response?
"it's self service software. Most people take a look at our product's capabilities and are saying 'oh, cool' and then they go ahead to complete their tax forms. But you... you are not able to get anything done by yourself. You have needed somebody to help at every step of the way."
If it were self service and it worked, he would be in a better position to take that approach.
It looks to me as if taxbit is struggling unsuccessfully.
The dates of my experience with taxbit span the interval from mid December 2021 to today.
09-12-2022
In response to taxbit's reply, I will compile a partial list of ticket numbers. It will have to wait until I have more free time, though.
Response from TaxBitSep 12, 2022
Hey there!
We appreciate you taking the time to write us a review and provide us with your honest feedback. We are sorry to hear your experience has been unsatisfactory thus far and would like to work with you to get these issues resolved. If you are able to update your review with a support ticket number, we can escalate this to our Leadership Team. Looking forward to getting these issues resolved.
The TaxBit Team
LT
Loving T.
I think the people at Tax Bit are…
I think the people at Tax Bit are really nice! and the platform is very good. I am unable to track all the trades myself, so this has been really helpful
Response from TaxBitSep 6, 2022
Hey there!
We are so happy to hear that your experiences with our platform and support team have been great. Thank you so much for taking the time to leave us a review. Please don't hesitate to reach out in the future if there is anything we can help with.
Thank you!
The TaxBit Team