Technology
Ledgible Program Assesses a Company’s Readiness for 1099-DA Reporting
The new program follows the release of the draft Form 1099-DA for digital asset transaction reporting by the IRS last month.
May. 08, 2024
Crypto tax and accounting platform Ledgible recently launched its Digital Asset Assessment program following the release of the draft Form 1099-DA for digital asset transaction reporting by the IRS in April.
Ledgible’s new readiness assessment program is designed to examine and assess a company’s existing compliance, data, and reporting infrastructure for upcoming digital asset reporting requirements.
“Our team of digital asset tax information reporting experts are here to scope your enterprise’s readiness for current and upcoming digital asset reporting demands,” Ledgible CEO Kell Canty said in a statement.
Ledgible has provided public commentary of the new draft IRS form, which crypto brokers—defined by the IRS as “digital asset trading platforms, digital asset payment processors, and certain digital asset hosted wallets”—will begin using next year, once it’s finalized, to report digital asset transactions.
“The world of digital asset tax information reporting is small, and our team of compliance experts are routinely chosen by top banks, institutions, and technology partners for our agile expertise in the space,” Canty said.
More information about the readiness assessment can be requested from readiness@ledgible.io.