Bitcoin-friendly Cash App integrates TaxBit amid tax-filing season

Mobile payments processor Cash App has integrated crypto tax and accounting software TaxBit into its services, giving Bitcoin (BTC) holders a more streamlined approach to reporting their taxes. As of Feb. 28, Cash App users can now keep track of their Bitcoin transactions for tax reporting purposes using TaxBit, both companies announced. Cash App’s parent company, Block Inc., has generated billions of dollars in Bitcoin revenue over the years. According to United States Securities and Exchange filings, Block Inc. generated $1.96 billion in Bitcoin revenue during the fourth quarter of 2021. TaxBit launched TaxBit Network in 2022 to provide crypto traders free tax forms.