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The tax establishment can't keep up with modern financial tech

https://www.cnet.com/news/tax-day-frustration-why-cant-the-pros-keep-up-with-financial-tech-cryptocurrency/
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Apr 15, 2019 11:00 AM 1+ week ago

Tax industry cant keep up with financial technology     - CNET

Commentary: Cryptocurrency transactions, peer-to-peer loans -- all this data ought to just flow straight into my tax return.

At tax time, new financial tech means excursions into dangerous waters. (This ancient map is actually on display at the Maritime Museum in Bergen, Norway, but illustrates the point nicely.)

I knew doing my own taxes again would be a pain after years of outsourcing the annual headache to accountants. What I didn't realize was how much worse new financial technology like cryptocurrency and peer-to-peer lending would make the job.

My half century of life has been a series of excursions into US tax code territory previously unknown to me -- home interest mortgage deduction, married filing jointly, child tax credit. For years, I calculated taxes for myself and then my family started using Intuit's TurboTax. Even if the territory was unknown ...

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Tax day frustration: Why cant the pros keep up with financial tech?

Tax day frustration: Why can't the pros keep up with financial tech?

cnet.com     1+ week ago

Commentary: Cryptocurrency transactions, peer-to-peer loans -- all this data ought to just flow straight into my tax return. At tax time, new financial tech means excursions into ...

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Tax day frustration: Why cant the pros keep up with financial tech?

Tax day frustration: Why can't the pros keep up with financial tech?

cnet.com     1+ week ago

Commentary: Cryptocurrency transactions, peer-to-peer loans -- all this data ought to just flow straight into my tax return. At tax time, new financial tech means excursions into ...

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