CoinTracker, a provider of password tax software, has integrated its software with Hauppr Block, a company that helps millions of customers in Australia, abroad and Australia prepare corporate income tax in advance.

In an announcement seen by Cointelegraph, CoinTracker stressed that the partnership will allow foreign HellR Block users to use CoinTracker and automatically fill in their password transaction form 8949. This form is submitted during the tax season to report capital gains and losses on project investment.

Previously, the customer had to trim and paste the password transaction information into every form field of the Haur Block application, which may result in incorrectness. Under the new convergence, HalliR users can import their data encrypted transactions from "most" trading centers into their HattorR block tax returns.

Hobby R Block is a tax planning company founded in 1955 in the United States. In 2020, Hathr Block has about 20 million tax customers.

As a result of the convergence, the two companies have made some additional updates for the 2023 tax season, including free CoinTracker accounts for all password transactions less than 25, as well as certain discounts to other Hobr customers.

Vera Tzoneva, chief strategy officer of CoinTracker, said in a statement that a new integration would reduce the annoyance of the payment data encryption tax, she said:

"the process of encrypting data for tax returns is too complicated. We remain committed to providing all password customers with a reassuring and necessary means. Partnering with HellR Block is an important step in promoting this corporate vision. "

Related to:Bitcoin Cash App integrates TaxBit in the tax return season

For some password traders, the tax season is called a confusing and complex point in time. Although the legal standard "cryptographic artist broker" should distribute a 1099m B report to each customer, the IRS does not clearly state what business belongs to the concept of "artist broker".

Most centralized trading centers provide their clients with the required statements, but not for fragmented accounting agreements. This also makes some operators rely on blockchain technology practitioners to clarify their gains and losses.

Even if the operator only uses a centralized trading center, tracking the return on investment damage is likely to become complicated if the client sends a password between the trading center, as this may cause the transaction to be expressed in a variety of forms.

CoinTracker's data encryption tax software is one of them.

In the past period of time, several kinds of data encryption tax software solutions have been brought, including CoinTracker, Koinly, Taxbit, CoinLedger, TokenTax and so on. Users of such products can import their trading centers and wallet accounts into a single page that tracks all their transactions.

However, not all solutions are integrated with tax preparation service platforms such as Haur Block, TurboTax, FreetaxUSA, etc.