 Welcome to Digital Asset News or Dan for short. My name is Rob. And today I want to talk to you about is the upcoming deadline for taxes. Now, there's been an extension here in the U.S. October 17th is the last day to file your taxes, which is six days away. So if you like me, you get a little bit of anxiety over your taxes. You don't really like to pour over all those different spreadsheets. And the reason I also bring it up is because the IRS is really cracking down on us. They've added 87,000 new agents. And this was just in August 11, 2022. And the reason they did that was because of the Inflation Reduction Act, which passed the Senate on Sunday and was also passed by the House later. It raises taxes and will give the IRS billions to go into the Wall Street Journal called Beast Mode. The bill will dole out about $80 billion to the IRS for increased enforcement, operational improvements, customer service and systems modernization. That is six times the current IRS budget of $12.6 billion. So look, I personally have been audited by the IRS. Do not go through that. It would behoove you to file your taxes. And I am not, again, the person to pour over a bunch of spreadsheets and get a bunch of anxiety. I just make it simple. What I've done the last two years is I've used coin ledger. Very simple. From the time that I integrated all my exchanges, all my wallets, all the NFTs and all the DeFi projects and all that stuff. And I put it in. It took me 30 minutes. 30 minutes to get a spreadsheet that I shipped over to my CPA. She got it done. Bing bang boom. And I am out of here. So I've already done a video about this, which is pretty comprehensive. There's a link in the description. It looks just like this. And you can watch the video. It goes over a lot of things. What I want to do is just do a down and dirty real quick video about what coin ledger is and how it works. So quite simply, you're going to import your transactions. And what's pretty cool about this is that it's every different wallet, DeFi or exchange you can think of. It's all right there. And you just click on the button, integrate your transactions off the go. And this is like all the ones they have. There's a lot of things I've never even heard of in my life here. Double X, Coinal, was your ad for that one. But again, everything you think of is pretty much right there. And on top of that, once you're done with there, you're going to preview your report. And what I thought about was cool is this. It'll show you your capital gains, short term and long term, your total, cost basis, all that stuff. And what I thought was cool about this was that it is absolutely for free. So you can view your gains and losses before you print out your report. So before you pay for a tax report, you'll have the opportunity to view your cap gains and income for free. I like free. I think you might too. And then if you want to go down that extra route, which is what I do, you generate your tax report, then you can ship it through your TurboTax software, their official partners, and you can ship it off to your CPA like I do. And the question you might have is, well, how much does that cost? Well, quite simply, it's very simple. If you have 20 or so transactions, you probably don't need coin ledger. You don't need it. It's very simple to do taxes yourself. Now, you might want to do it for cost basis analysis. That's fine, which they offer. But for 100 transactions, it's about 50 bucks, 1,500 transaction, 99 high volume. This one that I use is $200 and unlimited is $300. You get all of it done. Very easy, very smooth. So I've done two years, worked out like a charm. And then also, what I like about this is that you can file yourself sent into your account or import to your filing software, again, TurboTax or tax app, whatever you want to do. And then finally, I will say this, even though we're talking about the US, this is all this is good for international. If you go to learn CryptoTax 101, USA, Australia, Canada, UK, India, Ireland, Germany, New Zealand, whichever one works for you or wherever you live, they've got a solution for you. And then if we take a look on top of that, what I really like about this is that they've got this to track the cost basis and historical prices. You can automatically track the cost base of your assets. So am I in profit? Am I in loss as they move from one wall to another? And you can kind of take a look at that. And that also is available for free. So lastly, I will just say this, it's not a fly by night company. I mean, they have 300,000 users. I wanted them for two years straight. They've processed 70 billion and 50 million has saved through tax loss harvesting, which if you're familiar with that, is a pretty big perk. And that's it. So look, I just want to do this really quick just to show you what's going on and the options that are available to you. If this is something that could you could use as a link in the description looks just like this, and you can sign off and pull your reports. But that's it for today. So if you like today's video, do me a favor and give it a thumbs up. That would be great. Also, consider subscribing while things talk about our time sensitive. But that's it for today. So thanks so much for stopping by. I appreciate it. And I'll see you on the next one.