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TokenTax Reviews 

220
•
TrustScore 5 out of 5

4.8

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Rated 5 out of 5 stars

I've been with TokenTax as a VIP since 2020, and they've been amazing, especially with my complex crypto transactions. They've handled everything perfectly, even helping me fix my 2019 taxes after an... See more

Rated 5 out of 5 stars

I’m a retired CPA. I’ve used TokenTax for three years now, and I can’t recommend them enough. My account manager, Sam, is simply amazing. She take her time going through my complicated crypto transact... See more

Rated 5 out of 5 stars

I looked at 3 different online companies for our crypto tax calculations. TokenTax was the only one who could answer my questions completely and in easy to understand terms. I had some hiccups conne... See more

Rated 5 out of 5 stars

I am an 81 year old rookie investor. These young folks have shown EXTREME patience with my complete lack of technical ability in retrieving the information necessary for our tax accoun... See more

Company details

  1. Tax Preparation Software
  2. also in
  3. Accounting Firm

Written by the company

TokenTax is the leading crypto tax platform and cryptocurrency tax accounting company.


Contact info

4.8

Excellent

TrustScore 5 out of 5

220 reviews

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4.8

All reviews

(220)

11 reviews in the last 12 months

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Rated 5 out of 5 stars

TokenTax is a must have software

The software is great, thee is of course a learning curve to it but once the information is in place then it works great. There customer service is really fast and very helpful with explaining the language of accounting and helping get everything in order. For a layman this is a great program and worth every penny!!

March 21, 2023
Unprompted review
Rated 5 out of 5 stars

Read this is you want to know about their support!

First of all the were quickly and personally responsive at my first email inquiry. Kerri was my support person, and was stayed with me through a long series of back and forth email, helping me every step of the way. I am a retired dentist, and I am sure some of my questions were due to my lack of computer technology, even though I got into bitcoin early. If the rest of their company is as good as their support team, I would buy their stock. I have very seldom written reviews, but TokenTax's support was even above the 5 star rating I have given it.

March 13, 2023
Unprompted review
Rated 4 out of 5 stars

I have used TokenTax for 2 years now

I have used TokenTax for 2 years now, and not only has it helped make things easy for me and my CPA, as a relative tax and crypto novice I have learned a LOT that will help my for years to come. Software is pretty intuitive overall, very powerful with the API pulls.

Only reason for 4 stars is it seems a bit pricey, that may change with time I presume as market competition picks up. But for now this is the way to go and I recommend it to anyone needing the service.

February 17, 2023
Unprompted review
Rated 5 out of 5 stars

Great Software and support

Token Tax support was able to help me with an immediate issue that I would not have been able to resolve for months on my own.

Their chat team was knowledgeable and helped me out greatly when I needed it.

Also, I would not have been able to figure out the on chain data on my own without their software, especially with transfers on and off exchanges to the my zapper wallet, their software made it easy. Thank you!

March 15, 2023
Unprompted review
Rated 5 out of 5 stars

Fast and competent support

This is my 2nd year on TokenTax. I started using it for tax reporting due to the ease of use and quality of support. It is amazing how reliably responsive the Support Team has been, even in the height of tax season. They are friendly and always willing to put in the necessary and sometimes tedious research to help sort things out.

March 6, 2023
Unprompted review
Rated 5 out of 5 stars

I LOVE TOKEN TAX!! THE SERVICE IS WHAT MY PREP TAX NEEDS!!

I HAVE HAD MY CRYPTO TAXES 8949 DONE BY TOKEN TAX FOR THE LAST 5 YEARS. IVE TRIED OTHER SOFTWARES, THEY WERE NOT AS SERVICE RESPONSE ORIENTED AS TOKEN TAX. TOKEN TAX LETS ME UPLOAD MY EXCHANGES INFO TO CREATE MY 8949 NEEDED THAT NO ONE SHOULD TRY TO DO ON THEIR OWN. IT KEEPS MY PREVIOUS RECORDS THAT ALSO GIVES ME PEACE OF MIND. THE SERVICE TEAM REALLY HELPS AND RESPONDS BACK TO YOUR NEEDS!! IT WOULD BE A NIGHTMARE WITHOUT THEM. I WILL ALWAYS BE A CUSTOMER OF TOKEN TAX!! I LOVE THEM AND KNOWING THAT IM TAX SAFE AND NOW ABLE TO BE AT PEACE!!! THANKS TOKEN TAX STAFF JOSEPH AND KERRI!! I WILL SLEEP GOOD TONIGHT! YOUR WORTH EVERY DEDUCTIBLE PENNY!!

February 7, 2023
Unprompted review
Rated 5 out of 5 stars

Excellent service + Peace of mind

I used them for 2 years. Excellent experience both times. Year 2 they raised the prices quite a bit to like $3500 for whatever reason, but it's still well worth it for the peace of mind (I thought Year 1 was weirdly cheap anyways).

You upload all your docs, they figure out the details, asked you some clarifying questions, then deal with the taxes, file, and handle the transfer for you.

I liked how they explained the filing options so you can make the right tradeoffs for your situation.

If I make more on crypto in the future they'll be my first stop.

April 10, 2022
Unprompted review
Rated 1 out of 5 stars

Slow, don't know tech, and VIP is useless

I signed up for the VIP plan in December last year because I wanted to do my taxes as fast as possible. Also, my crypto activity is somewhat large, though it has nothing complicated. I didn't use complex stuff like Defi, yields, NFT, and other stuff. But I have a large amount in general. So I wanted correct calculations to ensure I paid the right amount.

They failed to deliver by April. They didn't even start by then, though I specifically paid for VIP. And today is October 17th, and they still didn't provide the result.

But the main problem is that they don't understand blockchain tech. As a tech guy, I pointed to the mistakes that they wouldn't recognize otherwise, but I don't know what non-tech people would do. In general, their system is very basic, lacks all the standard stuff, and provides wrong results, so you must double-check everything with Excel. To my understanding, they specialize in simple operations, like exchanges on Coinbase, and have very limited support and understanding of the on-chain operations. Take this into consideration.

The other stuff they promised for the VIP plan doesn't exist. Like they promise consultations with a tax expert, chat support, reports, etc. Nothing like that was provided.

UPDATE: So they answered here. With a just attack on me, and most of the things they said are lies. Anyway, at least they confirmed everything in my review. Also, they phoned me personally and said they would report me to IRS for an audit because I left a bad review. So beware.

October 16, 2022
Unprompted review
TokenTax logo

Reply from TokenTax

Hi Igor,

You had tens of thousands of defi bot trades - we spent nearly 10 months helping out despite the fact you posted on Reddit and social media many times complaining about us, including here - and was extremely abusive to everyone you worked with.

The data seemed to show that you had made millions of dollars but you insisted several times that was not the case, again threatening several times to “expose us.” You declined many times to provide additional data that might clear up missing cost basis.

We told you to please hire another source or a larger firm or get a 2nd or 3rd opinion (we can only do so much work for $2500). When we are working with the founder of a top 25 crypto coin the client, one that skyrocketed in the run-up to the merge, we pulled in many engineers, accountants etc to work on the project but in the end the client simply disagreed on the results we determined, which is fine. We don't have a monopoly on this service but we do have the integrity of our results.

Interestingly, though you were in Florida and had an extension for an additional 4 months until February 15, 2023 - and we offered to continue working with you - you insisted if we didn't give you forms that said the answer you wanted to see (ie that he didn't make millions of dollars when the data seemed to indicate otherwise) by October 17th you would, again, threaten us.

Your claim about us reporting you is a lie. How you choose to file is your choice and please take some responsibility for your actions moving forward, we simply provided tax calculations.

Rated 5 out of 5 stars

Excellent company

Excellent company, very very helpful. The issues with cost basis are tough, but their team is very helpful and knowledgeable with this. 2021 was just a crazy year related to defi and staking and farming, so there will prob be some work there needed, but their team was excellent to walk me through it in chat. Very much recommend TokenTax, it helped me a ton.

October 10, 2022
Unprompted review
Rated 2 out of 5 stars

Hours or days for customer service "Chat"

The software does not always match purchases to sells. Probably can be fixed if I could get hold of customer service chat - I have waited hours and at times over 24 hours to get no help! Got a flip answer that I had already done - when I responded - I got no further response. Had to start again on the long wait... hope that the next customer service person will actually look at my account. Update: it took 4 days of slooow chat but did eventually get the problem fixed. There has got to be a better way to work with the customer.

July 21, 2022
Unprompted review
Rated 1 out of 5 stars

cost basis missing... except not

Frustrated with this site. Cost basis missing even when all coins are fully accounted for. Deleting and restarting API data is loading for 1/2 of the year, where it was fine before. I wish I had saved $200, I cant get the thing to work. I know it doesnt work because it works on other sites with access to the same data. Taxes are due, and I am forced to use a different service (starts with a k...ends with an oinly). Id like to get my money back.

July 8, 2022
Unprompted review
Rated 5 out of 5 stars

Token Tax is a must have for Crypto owners

Token Tax software is great, and their service team is even better. I've used it for years. They continue to make the product better every year and they continue to add more and more exchanges and defi integrations.

July 1, 2022
Unprompted review
Rated 5 out of 5 stars

TokenTax is EXCELLENT!

I have used TokenTax for several years now and I am so impressed with Zac and his whole team. They are so responsive and provide excellent customer service. They not only help get my taxes dialed in, they also educate and help you understand the best strategies.

June 17, 2022
Unprompted review
Rated 5 out of 5 stars

I have used TokenTax for 2 years in a…

I have used TokenTax for 2 years in a row and they have been great both times. I used their VIP service this year since I used a number of different chains and had some non traditional transactions. The team was responsive, professional, and knowledgeable (shout out to Ana).

I would 100% recommend their service for any level of crypto tax help.

May 31, 2022
Unprompted review
Rated 1 out of 5 stars

Always different results

I purchased a subscription for tokentax in 2021. It did not work at all for me.
Anytime I would recalculate my gains for 2020 I would get a different result (I even got once a loss for the same year while it was obviously not true).
I spoke to customer service but it didn't help.

April 29, 2022
Unprompted review
TokenTax logo

Reply from TokenTax

Hello,

Please provide your contract information so we can get in touch and resolve this situation. This is highly unlikely and we'd love to help.

Best,
Alex

Rated 5 out of 5 stars

I tried four different crypto tax…

I tried four different crypto tax softwares and this was the best for my purposes. The team was super responsive to my questions and I would never have sorted out my taxes without their help. I couldn't recommend highly enough.

April 25, 2022
Unprompted review
Rated 5 out of 5 stars

Worth the money for all your Crypto tax needs

I went thru 2 crypto accounting software programs before finding Token Tax. The others were horrible with no chat or customer service, and one took my money knowing they could not even interface with my exchange. Complete waste of money. I worked with Elle and she was awesome. Helped me get everything downloaded and then upload my tax forms. I wasted hours with Cointracker which was horrible and took days to email me back telling me they are having issues with Kraken trades coming over. I cannot tell you how many hours my accountant and myself wasted trying to figure out why my trades where not showing. Thanks for all the help Elle.

April 19, 2022
Unprompted review
Rated 1 out of 5 stars

No refunds

No refunds. Think about that. They got me this year for $200. That won’t happen again. All a tax preparer needs are the csv files that you download for free from every exchange, which you will need for tokentax anyways. They do NOT have many exchanges set up for direct import. You are going to do all the work anyway, and TT takes weekends off, and seems to be running a VERY lean company. They are nice, but that only goes so far.

April 11, 2022
Unprompted review
TokenTax logo

Reply from TokenTax

Hey John,

Please get in touch with us. We'd love to resolve this for you.

Best,
Alex

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