TokenTaxReviews of tokentax.co

I got audited by the IRS for substantial crypto volume on my 8949 form. Unfortunately, crypto tax software solutions are only so powerful, and there is a lot of room for human error (which may or may not be the tax payers fault). For me, I had a substantial amount of transactions that were incredibly difficult to reconcile on my own. When it was time to review my transactions, my CPA and I discovered errors made by these third party programs in addition to human error (not all transactions were reported). We needed to find a better solution. I searched online and asked a few people through twitter what they use - and they pointed me to TokenTax. I signed up and was able to inject all of my cryptocurrency tax records within an hour. Most of the exchanges have API keys that transferred ALL of the transactions (from every year) to TokenTax. This solved a huge program, because now the cost basis was accurate. My CPA and I purchased two 30 minute sessions with TokenTax CPAs to ensure the transactions were being imported correctly, and if there was anything that I was missing. They were an absolute godsend, because not only did they review my entire report, they actually saved me a bunch of over-tax payment due to the previous third party program incorrectly calculating my capital gains. My CPA and I were able to extract proposed amended returns, and deliver them to the IRS agent and his manager. They were very grateful for the efforts we put in to ensure the report was accurate. I ended up owing some back tax, however, it would have been substantially more if I hadn't gone with TokenTax. In my opinion, TokenTax has set the bar well beyond any other tax program out there. I fully recommend TokenTax. I'm a real guy, and felt the need to share some of my experience here. Also - be cooperative with the IRS. Don't try to hide anything. They are just doing their job, don't make it hard for them. Because I fully cooperated, and explained that there was human error mixed with software errors, they agreed to waive all penalties. I cannot guarantee this for you, but make sure you do the right thing. Again, without TokenTax, I would have been on the hook for substantially more. Try these guys out, you wont be disappointed. Thanks for reading.

Being new to the crypto market last year had me seeking answers to a lot of questions. 2020 came around with new challenges on tax filing... Darren provided fantastic support answering all my dumb questions and being very responsive to all my correspondence. High recommendations for Token Tax, but more specifically Darren Lee.

Very helpful and responsive. Great customer service. I had issues with other companies not supporting the platforms I was trading on. This was the third company I tried and the best. Third times a charm. I will use them again.

I've tried three other crypto tax services before TokenTax. But this is now my second year using their services and I couldn't be happier. Their website is incredibly user-friendly and their customer service team is super responsive and helpful. They've spent what it seems like hours giving me personal attention to resolve some discrepancies in my transactions so that I don't have to pay more taxes than I need to. I wouldn't go anywhere else for crypto tax services. 10/10.

The support was amazing. There was always someone helping me within a few hours every day and were able to continue where we left off. Such a great service and well worth the $200 I was charged to clean up my transitions.

They made the scary part very easy, mine was done in around 20 min's max! I'll definitely use them again next year!!

Token Tax has done my crypto taxes for the last two years plus two years of amended returns. Their system is easy and customer service is great. My accountant was grateful, because he had no idea how to calculate them for me!

Awesome experience using TokenTax. I worked with Scott and Ty who were both amazing and extremely helpful. Highly recommend using TokenTax.