Angeline Leishman
ZenLedger has signed a contract renewal with the Internal Revenue Service to continue supporting the agency’s civil and criminal investigation teams in processing tax filings related to cryptocurrencies.
The company said Tuesday it will provide software for forensic accounting and taxation computations that the IRS can plug its agency data into to scrutinize crypto transactions.
According to Dan Hannum, ZenLedger’s chief operating officer, the company will help the agency meet a mandate to collect $30 billion in crypto-related tax revenue within a decade.
“We saw the highest compliance rates among consumers and enterprises filing their crypto taxes for 2021 and expect to see the compliance rates grow exponentially year over year moving forward,” added Hannum.
Founded in 2018, ZenLedger offers software that compiles transaction data across exchanges, wallets and tokens to help investors in calculating their tax liability.
