# Taxbit

> Taxbit builds compliance infrastructure for the digital economy - software that turns messy on-chain and off-chain transaction data into accurate tax forms, regulatory filings, and audit-ready accounting. Founded in 2018 by CPAs, tax attorneys, and engineers, the company automates digital-asset tax information reporting (1099-DA, DAC7, CARF, 1042-S) and subledger accounting for exchanges, banks, enterprises, and government agencies, reportedly generating 100M+ tax forms and reconciling hundreds of billions of dollars in transactions.

- **Founded:** 2018
- **Headquarters:** Draper, Utah, United States
- **Founders:** Austin Woodward (Co-founder & former CEO), Justin Woodward (Co-founder), Brandon Woodward (Co-founder)
- **Team size:** ~150 employees
- **Products:** Enterprise Tax Suite, Accounting Suite (Subledger), Government Solutions, Taxbit AI, Consumer Tax Center Suite
- **Notable:** Reached unicorn status with a $1.33B valuation in 2021, Raised ~$237M total across multiple rounds, Reported 100M+ tax forms generated and $500B+ transactions reconciled

## Products & services

- **Enterprise Tax Suite** — End-to-end tax information reporting that ingests transaction data and generates 1099s, 1099-DA, 1042-S, DAC7/MRDP and CARF/DAC8 filings for high-volume, multi-vendor platforms across 140+ countries.
- **Accounting Suite (Subledger)** — Big-Four and SEC-grade digital-asset subledger accounting that integrates with existing ERP systems to automate corporate accounting, cost basis, and reporting.
- **Government Solutions** — Tools for agencies to track digital-asset activity, analyze on- and off-chain flows, and manage compliance investigations.
- **Taxbit AI** — AI-assisted compliance expertise embedded in the platform to speed reconciliation, data validation, and regulatory research.
- **Consumer Tax Center Suite** — White-label consumer tax experience embedded by exchanges so users get real-time tax impact, trade alerts, tax-loss harvesting, and downloadable forms.

## Achievements

- Reached unicorn status with a $1.33B valuation in 2021
- Raised ~$237M total across multiple rounds
- Reported 100M+ tax forms generated and $500B+ transactions reconciled
- Among the first to ship Form 1099-DA support ahead of the 2025 tax year
- Won The Digital Banker's 2025 Digital Assets Award for Best Technology Solution Provider - Tax & Compliance Automation
- Secured strategic backing from In-Q-Tel in 2024

## Latest updates

- **2025-11** — Won The Digital Banker's 2025 Digital Assets Award for Best Technology Solution Provider for Digital Assets - Tax & Compliance Automation.
- **2025-01** — Expanded enterprise and government product lines and partnerships amid the run-up to mandatory 1099-DA reporting for the 2025 tax year.
- **2024-08** — Introduced Form 1099-DA support to streamline compliance for digital-asset brokers under finalized IRS regulations.
- **2024-04** — Raised an undisclosed venture round with In-Q-Tel participating.

## Links

- Website: https://taxbit.com
- LinkedIn: https://www.linkedin.com/company/taxbitteam
- Twitter/X: https://twitter.com/taxbit
- Instagram: https://instagram.com/wearetaxbit
- Facebook: https://facebook.com/TaxBitCom

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Profile page: https://yespress.io/taxbit
Published by YesPress — https://yespress.io
Last updated: 2026-06-20