TaxStatus, a secure, personalized data solution for verified financials used by financial professionals and their clients, announced the launch of two new productivity tools designed to help financial advisors, accountants, and tax preparers improve accuracy, efficiency, and client readiness ahead of the 2025 filing season.
“With the Tax Prep Checklist & Tax Return History tools, we’re giving professionals the ability to work more efficiently, more confidently, and with less errors, while helping clients approach tax filing with less stress and uncertainty.” CEO Kevin Knull
Financial Technology Insights: Biz2X Expands Digital Lending Partnership With CPB
The TaxStatus Tax Prep Checklist is a client-facing deliverable that advisors and tax professionals can share with clients to help them prepare to file their 2025 tax return. What differentiates this new solution from existing checklists is that it clearly identifies the specific documents and information a client needs by source and document type based on the individual’s prior tax data so that the taxpayer doesn’t have to try to identify what is needed. Instead of the typical general instructions to find W-2s, 1099s, and other tax forms, the Tax Prep Checklist shows each specific tax document, by category for each taxpayer that should be provided to the CPA by name.
The checklist also gives advisors a timely reason to secure client consent in January, creating a smooth and positive Q1 client touchpoint while helping clients feel more prepared and supported throughout tax season. The source of the data is derived directly from the IRS through a digital consent process by the client which takes less than a minute to complete.
Financial Technology Insights: Monnai Raises $12 Million to Scale Global Identity Risk Platform
Tax Return History provides a year-by-year comparison of a client’s historical 1040 tax returns, delivering every line from the IRS return transcript in a structured Excel format. The tool allows professionals to quickly analyze trends, surface discrepancies, enhance tax planning, and dive deep into tax data with the click of a button.
Financial Technology Insights: Adams Street Partners Appoints New COO, Promotes Partners
“Our goal is to make verified IRS data more usable, more proactive, and more client-friendly,” said Kevin Knull, CEO of TaxStatus. “With the Tax Prep Checklist and Tax Return History tools, we’re giving professionals the ability to work more efficiently, more confidently, and with less errors, while helping clients approach tax filing with less stress and uncertainty.”
To share your insights with the FinTech Newsroom, please write to us at info@intentamplify.com
Source : businesswire