SurePrep and Ledgible Launch Strategic Partnership for Crypto Tax Automation

 SurePrep Recognizes CryptoTax Data from Ledgible Tax Pro

ATLANTA, GA, IRVINE, CA. – December 8, 2020  – SurePrep and Legible have joined forces to automate Virtual Currency and Crypto Tax compliance for professionals. This partnership ensures tax professionals have the tools and technology necessary to meet the expected increase in compliance activity generated by the recent IRS change moving the Virtual Currency question to the first page of Form 1040.

Ledgible Tax Pro is the industry’s first cryptocurrency tax solution designed for the unique needs of accounting and tax professionals. TaxCaddy and 1040SCAN are recognized as the premier taxpayer collaboration and scan-and-populate solutions in the tax and accounting field. Together, Legible and SurePrep transform the crypto tax gathering, analysis, and delivery process to ensure forward-thinking firms are ready to serve the 12 to 21 million taxpayers who are required to report crypto for the 2020 tax season.

Kell Canty, CEO of Verady, maker of the Ledgible cryptocurrency tax, accounting, and financial reporting platform, explained “There are specific challenges faced by taxpayers and preparers for clients holding crypto. Ledgible Tax Pro provides a collaborative platform where clients can link their crypto wallets and exchange accounts to a system which identifies taxable transactions, tracks the tax basis across on/off chain transfers, properly accounts for fees, and generates the data for the tax return.”

Taxpayers struggle with what information to provide about crypto holdings and tax professionals can be overwhelmed with transaction spreadsheets and incomplete or inconsistent reports from consumer-grade tax packages. Crypto is a complex and dynamic ecosystem without the appropriate information reporting needed to support typical reports like a Form 8949 for traditional investments.

SurePrep now recognizes Ledgible Tax Pro’s 8949 output and exports the data to the leading tax software which eliminates the need for one-off or exception processing for crypto tax clients.

David Wyle, CEO of SurePrep, the maker of TaxCaddy and 1040SCAN, added “Automation is at the top of everyone’s mind and the combination of TaxCaddy, 1040SCAN and Ledgible Tax Pro provides a highly streamlined crypto tax process in the tax and accounting profession. We are transforming the way firms serve crypto taxpayers and enabling them to efficiently serve new and existing clients with crypto assets.”

The two companies are hosting a joint webinar on December 29 at 11 AM Pacific, 2 PM Eastern to showcase how the combined solutions automate virtual currency and crypto tax compliance for tax professionals:


About Verady

Verady ( provides AICPA SOC assured portfolio tracking and reporting of crypto-asset activity. Through its Ledgible platform, the company delivers specific solutions for Tax, Accounting and Confirmation. Verady believes traditional accounting systems, firms, and standards are currently lacking functionality around cryptocurrencies. The Ledgible platform is the bridge between crypto-assets and traditional financial accounting.

About SurePrep

Founded in 2002, SurePrep ( is the leader in 1040 tax automation for CPA firms. We provide innovative, comprehensive, and productive 1040 tax automation solutions that include scan and populate with an optional OCR verification service, outsourcing and a two-time award-winning mobile solution that eliminates the paper organizer. Our solutions are utilized by over 23,000 tax professionals at CPA firms large and small, ranging across the spectrum from Big 4 firms to sole practitioners.

# # #

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

Crypto casinos
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin57,908 0.43 % 1.12 % 2.08 %
Ethereum4,447.5 0.00 % 3.68 % 2.97 %
Binance Coin621.55 0.03 % 1.60 % 5.30 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Solana204.97 0.52 % 2.03 % 11.82 %
Cardano1.610 0.00 % 1.35 % 13.22 %
XRP0.9925 0.67 % 2.69 % 7.18 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
Dogecoin0.2215 0.68 % 1.42 % 7.23 %

Bitcoin (BTC) $ 57,977.00
Ethereum (ETH) $ 4,437.43
Binance Coin (BNB) $ 621.39
Tether (USDT) $ 0.998385
Solana (SOL) $ 204.32
Cardano (ADA) $ 1.60
XRP (XRP) $ 0.993379
Polkadot (DOT) $ 37.25
USD Coin (USDC) $ 0.997922
Dogecoin (DOGE) $ 0.215168