Key Highlights
- The secure, personalized data solution provider introduced the Tax Prep Checklist and Tax Return History tools to streamline client preparation and data analysis.
- The Tax Prep Checklist is a client-facing deliverable that identifies specific documents and information needed by source and document type based on an individual’s prior tax data.
- Rather than general instructions to find W-2s and 1099s, the checklist shows each specific tax document by category that should be provided to the CPA by name, derived directly from IRS data through a digital client consent process that takes less than a minute to complete.
- "Our goal is to make verified IRS data more usable, more proactive and more client-friendly," TaxStatus CEO Kevin Knull wrote in a prepared statement.
- The checklist also provides advisors a reason to secure client consent in January, creating a first-quarter client touchpoint while helping clients feel more prepared throughout tax season.
