Can I connect with a CPA through the Bittax system?
Yes, Bittax offers CPA services to its users. If a user needs to connect with a CPA, they may contact bittax to receive further assistance.
Wiki Category: FAQ
What is the price for Specific Identification report?
The Specific identification report costs 1000 ILS for all taxable years total.
What is the price for the FIFO report?
The FIFO report costs 200 ILS per taxable year.
What does it mean that there is information that needs to be reviewed?
The “Review Now” alert is meant to bring to your attention that some transactions need additional review from you. This might mean that some transactions are suspected to be internal and need your review, or that some of the addresses you provided are suspected to have been exchange addresses. There are also cases in which … Read more
How To upload data from unsupported exchanges/ wallets/ coins/ services
If you cannot find your exchange or the file that you want to upload in the options dropdown, upload a Bittax costume file with data from your file. Click “Exchanges” on the left side menu → on the bottom of the page under “Can’t Find your Exchange?” Type the name of the exchange and click … Read more
Can I submit only part of my data and avoid adding some wallets/Exchange files which I don’t want to include in my reports?
Bittax simplifies the tax reporting process by formatting and sorting all uploaded data into a file that the processor can comprehend. The system uses advanced algorithms to cross-reference the data and identify unreported addresses or transactions that appear out of the ordinary, such as transactions without change. Users are alerted to “holes” in the data, … Read more
Troubleshooting
If you experience any difficulties or believe there are any mistakes in your account, reach out to Bittax Customer Support located in the bottom right corner of the page. Our representatives will get back to you and assist you as soon as possible.
What are the approved cost calculation methods by the Israeli tax authority?
The cost calculation methods that are approved by the Israeli tax authority are FIFO, AVCO, and Specific Identification.
What is xPub, yPub, zPub, and UTXO?
xPub, yPub, and zPub are extended public keys derived from a master public key, used for generating receiving addresses in hierarchical deterministic wallets. UTXO refers to Unspent Transaction Output, representing the available funds associated with a particular public key/address.
How Many & Which Blockchains are supported by Bittax?
Bittax currently supports 24 blockchains, including the leading cryptocurrencies such as BTC and ETH
