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FlyFin Offers Crypto Tax Filings Service and Free, Advanced Crypto Tax Calculator
FlyFin, a fintech company, announced it is offering complete Crypto Taxes as part of its A.I.-powered tax service. The company is also launching a free, advanced Crypto Tax Calculator that is simple, accurate and secure. FlyFin’s Crypto Tax Calculator raises the bar on available options by enabling people to capture multiple crypto transactions simultaneously to determine tax amounts owed. People can also file their crypto taxes with a FlyFin CPA available to help immediately.
With the January 15 quarterly tax deadline around the corner, individuals need to plan their tax filings and associated payments. They can use FlyFin’s AI-based tax engine to file their crypto taxes. For those users who want to get a quick sense of how much they might owe, they can use FlyFin’s crypto tax calculator to simplify the overwhelming complexity that cryptocurrency gains may pose. FlyFin’s AI-based tax engine combines the human expertise of real CPAs to eliminate 95% of work required for self-employed individuals filing their taxes. FlyFin is ideal for freelancers, creator economy free agents, gig workers, and self-employed individuals with a higher level of tax complexities.
Mainstream interest in cryptocurrency investment among ordinary investors has exploded. Thirty-one percent of Americans, ages 18 to 29, have invested in, traded, or used a cryptocurrency. Meanwhile, the IRS has sharpened its sights on taxing investors with cryptocurrency income. The U.S. Treasury now requires any transfer worth $10,000 or more to be reported to the IRS. Tax filers who don’t pay crypto taxes on time can be assessed up to 100% penalties, leaving a lot of crypto traders with a rude shock.
Trading Crypto, Self-Employment and Taxes
Trading crypto is similar to trading stocks and other securities, so many of the same tax rules apply. Crypto traders must pay taxes on the profits they earn. Traders can also write off their trade as a capital loss if they lose money. People who are self-employed or have significant earnings from investments and day trading may generate more income than can be covered from payroll withholding. Therefore, they need to estimate their tax liability quarterly and then pay taxes for those amounts. Otherwise, penalties may apply at the time of tax filing.
Companies In This Post
- EXCLUSIVE: “Game Changer” – Andy Lyons, Freemarket in ‘The Fintech Magazine’ Read more
- Binance Launches The Blockchain 100 Award to Honor Top Creators Driving Blockchain Innovation Read more
- MAPFRE AM Appoints Ismael García Puente as the New Deputy Director of Investment Strategy Read more
- Open Banking Startup Yavrio Named One of CNBC’s UK Top Fintechs 2025, Cementing Leadership in Enterprise Finance Read more
- Crypto Wallet Adoption is Skewing Affluent as Dreams of Financial Freedom Fades Read more
Leading Crypto Firm, 21Shares, and New Wealth Management App, Stratiphy, Partner to Enable Investors to Access Digital Assets
Global-leading exchange traded product issuer 21Shares and new personalised wealth management platform, Stratiphy have partnered to unlock regulated access to cryptocurrencies and digital assets for UK investors once the FCA changes have been introduced to UK investors.
Binance Launches The Blockchain 100 Award to Honor Top Creators Driving Blockchain Innovation
Binance, the world’s largest crypto exchange by trading volume and users, today announced the inaugural launch of The Blockchain 100. This new annual awards show is designed to recognize and celebrate the most influential creators advancing blockchain education, innovation, and community engagement.
Crypto Wallet Adoption is Skewing Affluent as Dreams of Financial Freedom Fades
A new research report from global payments infrastructure platform Mercuryo and Web3 research firm Protocol Theory shows that while cryptowallet adoption is accelerating among affluent users, lower-income groups face costly access points and risk being excluded.
21X To Establish U.S. Operations, Bringing World’s First Blockchain-Enabled Exchange to the American Market
21X, a leader in regulated on-chain trading and settlement, today announced its expansion into the United States with the establishment of a new operation incorporated in Delaware and a primary office in New York. The move marks a monumental next step in the company’s global growth strategy and paves the way for the launch of the 21X U.S. exchange, a fully regulated blockchain-based trading venue for digital financial instruments.
Flutterwave CEO Bets on Stablecoins as Africa’s Next Financial Leap
At high-profile events in Riyadh, namely Money 20/20 Middle East and the two-day summit Fluidity 2025, Flutterwave Founder and CEO Olugbenga “GB” Agboola highlighted the company’s shift toward supporting stablecoin payments for individuals and enterprises.
On-Chain KYC(R) 2.0 Transforms Digital Identity with Privacy-Preserving Blockchain Attestations
Blockpass, the identity verification and compliance service for blockchain and beyond, is excited to announce the launch of its new and improved On-Chain KYC® 2.0. With the adoption of crypto growing rapidly, Blockpass has created a flexible, powerful solution for blockchain identity verification and attestation which doesn’t compromise on privacy or security.
Triple-A Adopts iPiD’s Payee Verification to Bring Trust to Stablecoin and Fiat Payments Globally
iPiD, the leading provider in Know Your Payee (KYP) solutions worldwide, today announced it will power payee verification for Triple-A, a Singapore-headquartered and Monetary of Authority of Singapore (MAS)-licensed digital currency payment institution.
EXCLUSIVE: “Game Changer” – Andy Lyons, Freemarket in ‘The Fintech Magazine’
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Binance Launches The Blockchain 100 Award to Honor Top Creators Driving Blockchain Innovation
Binance, the world’s largest crypto exchange by trading volume and users, today announced the inaugural launch of The Blockchain 100. This new annual awards show is designed to recognize and celebrate the most influential creators advancing blockchain education, innovation, and community engagement.
MAPFRE AM Appoints Ismael García Puente as the New Deputy Director of Investment Strategy
MAPFRE AM, the asset management arm of MAPFRE Group has appointed Ismael García Puente as the new Deputy Director of Investment Strategy, a newly created position in which he will be involved in the development and communication of the MAPFRE Group’s investment strategy, overseeing the management of specialist funds, market analysis, and asset allocation. He will also continue to assume responsibility for managing the wealth manager networks and life insurance portfolios as well as liaising with customers.
Open Banking Startup Yavrio Named One of CNBC’s UK Top Fintechs 2025, Cementing Leadership in Enterprise Finance
Yavrio, a fast-growing Open Banking fintech enabling embedded payments and banking directly into ERPs, has been selected as one of CNBC’s Top UK Fintechs 2025.
Crypto Wallet Adoption is Skewing Affluent as Dreams of Financial Freedom Fades
A new research report from global payments infrastructure platform Mercuryo and Web3 research firm Protocol Theory shows that while cryptowallet adoption is accelerating among affluent users, lower-income groups face costly access points and risk being excluded.
Asia Insurance Has Launched With CoverGo To Enable End-to-End Health Insurance Digital Experience
Asia Insurance, one of the leading general insurers in Hong Kong and Macau, has officially gone live withCoverGo’s next-gen, end-to-end health insurance platform, to power a fully digital, end-to-end health insurance journey for its customers, distribution partners, and internal teams.
Worldline and YeePay Sign Strategic Partnership To Unlock Cross-Border Payment Opportunities in China’s Aviation and Travel Sector
Worldline [Euronext: WLN], a global leader in payment services, has signed a strategic partnership agreement with YeePay, a leading Chinese third-party payment provider specialising in the airline and travel sector.