Paxos selects Sovos solution for high-volume tax information reporting

Paxos selects Sovos solution for high-volume tax information reporting

Tech Intelligence Bulletin (HG Insights) – Paxos, America’s first regulated crypto-asset platform, has chosen Sovos for its tax information reporting needs. Sovos’ Tax Information Reporting Solution will automate Paxos’ 1099-B forms and filings, eliminating errors and delivering automatic regulatory updates in this constantly changing arena. While crypto platforms wait for more clarity from the IRS