Crypto and Digital Assets
TAINA is a fully automated tax form validation platform that empowers crypto and digital asset platforms and exchanges to efficiently collect and validate W9 and W8 tax forms in order to meet their tax reporting obligations under the section 61 and CRS regulations.
Backed By
Crypto Tax Reports & Digital Assets Regulations
Crypto tax reports and digital assets are now within the scope of IRS Section 61 and CRS regulation now that the president has signed the Infrastucture Bill into law.
Crypto and digital asset companies will need to perform tax due diligence on accounts, certify customers, collect tax documentation, execute withholding and meet reporting obligations which if done manually could become a blocker to growth.
With an effective date of January 1, 2023, therefore cryptos and other business will only have 13 months to put in place their crypto tax reports, manual processes or develop or buy software solutions to comply with the new provisions.
Crypto and Digital Asset Regulation Pain Points
Customer Onboarding
Self certification tax forms slow down user growth
Customer Experience
Customer frustration caused by delays and rejections
Operational costs
Investment of costly tax compliance resources to meet crypto reporting requirements
Customer Onboarding
Self certification tax forms slow down user growth
Customer Experience
Customer frustration caused by delays and rejections
Operational costs
Investment of costly tax compliance resources to meet crypto reporting requirements
Address Crypto and Digital Asset Regulations with an Intuitive Platform
Focus on growing your crypto or digital asset business, whilst TAINA's fully automated online customer and investor portal and tax operations validation portal takes care of your tax compliance obligations. Take a proactive approach to the 2022 crypto and digital asset regulations with the TAINA Platform.
Provide your crypto and digital asset customers with a simple tax experience
Make tax form completion an easy, frictionless digital experience for your crypto and digital asset customers and investors. Complete quick and simple online W8 and W9 tax forms or an interview based journey with tips and hints based on IRS guidelines and instant validation checks alerting your customers of any errors that have to be fixed before submission.
Mobile Optimised
Complete tax forms on any device
Intuitive Tips & Hints
Provides useful Tips and Hints based on IRS Guidelines
Instant Validation
Reduce form rejection with validation checks before submission
Mobile Optimised
Complete tax forms on any device
Intuitive Tips & Hints
Provides useful Tips and Hints based on IRS Guidelines
Instant Validation
Reduce form rejection with validation checks before submission
Integrate crypto and digital asset tax compliance into your digital onboarding
Grow your crypto and digital asset platforms user base with a fully automated online investor portal that provides a quick and simple digital onboarding experience. Allow your users to complete and submit W9 and W8 tax forms using their computers or mobiles in either e-from or no form questionnaire based journey.
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Grow your business by speeding up onboarding
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Provide sleek and easy customer experience
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Easily certify and collect documentation from users
Experience No Tax Form Journey for Crypto and Digital Asset customers
Are your crypto and digital asset customers unfamiliar with or dislike traditional tax forms? Using our new interview style format available on mobile and desktop your crypto and digital asset traders and investors can promptly resume trading after saving 63% time on completing W8 and W9 tax forms by answering a few simple questions.
Automated compliant crypto and digital asset customer onboarding
See how our portals are benefiting crypto and digital asset platforms by providing a seamless onboarding and validation digital experience
How's TAINA Different?Provide frictionless compliance journeys to crypto and digital asset customers
Guide new and existing investors and traders through a simple set of check boxes to arrive at the correct pre-populated W8 or W9 tax form using information already supplied by them.
Automate W8 and W9 tax form validation for efficient crypto and digital asset tax reporting
Save costs and time when performing W8 and W9 tax form validation and remediation of all online forms using our fully automated validation portal for a 75% faster validation process.
Automate Your Crypto and Digital Asset Regulatory Tax Compliance
Meet your crypto and digital asset reporting obligations whilst reducing risk and saving cost with a more efficient W8 , W9 and CRS form validation and remediation process.
How's TAINA Different?Integrate Regulatory Technology into your Crypto or Digital Asset Platform
Fully embed our tax validation and compliance platform into your digital onboarding experience, made possible by our flexible and scalable tech stack. The TAINA platform is built on sophisticated APIs for seamless integration and fast and easy deployment on cloud or on-premises.
Useful Resources on Crypto and Digital Asset Regulations
To find out more about how TAINA's fully automated FATCA and CRS Validation platform can help you meet your crypto reporting obligations under the new crypto regulations, check out these useful resources.
Request a personalised demo of the TAINA Validation Platform
Assess how TAINA's Platform may be able to add value to your particular processes. Our experts will listen to your concerns and pain points, take onboard your process and then guide you through how our platform may be able to help.
Schedule a demo to:
- Assess the TAINA’s suitability and value add to your current processes
- Receive short overview and expert level decks
- Receive expert advice and answers to your questions and concerns
- Hear more about hosting and integration arrangements
Do I Need to Report Tax on Cryptocurrency?
In recent years there has been a clear global focus on creating clear regulatory guidance for taxes on crypto assets and cryptocurrency tax, with the hopes that it would ultimately result in improving the consistency, transparency and compliance of crypto tax reporting. This means that yes, taxpayers now need to report cryptocurrency taxes on their tax returns but only when a taxable event occurs
Expansion of Crypto Tax Reporting
Since 2020 the IRS and Organisation for Economic Co-operation and Development (OECD) have been on a parallel course with regard to releasing final regulations for reporting crypto taxes. Both the OECD and IRS are expected to publish crypto information reporting changes in 2022. These crypto tax changes will increase the calculation and taxation of transactions in crypto and digital assets. They will take on different approaches to reporting, but ultimately they will expose taxpayers to the taxing authority thus identifying the taxpayer.