Kevin Knull
CEO
TaxStatus
TaxStatus is an IRS account monitoring platform that analyzes over 3,000 data points per taxpayer to provide financial professionals with hyper-personalized advice and insights. By delivering real-time updates and comprehensive client financials directly from the IRS, it eliminates data entry and enhances the accuracy of financial planning.
- Data & Analytics
- Enterprise Software
- Financial Technology
- Software Only
Updated 23 months ago
Funding
Funding rounds are not available yet.
Founders
Product
Problem
Financial professionals often struggle with inefficient client onboarding and data collection processes, relying on manual data entry and client-provided documents that may be incomplete or inaccurate. This leads to time-consuming administrative tasks and potential errors in financial planning.
Solution
TaxStatus is an IRS account monitoring platform that provides financial professionals with direct access to comprehensive client financial data sourced directly from the IRS. By automating data retrieval and analysis, TaxStatus eliminates the need for manual data entry and ensures the accuracy of financial plans. The platform analyzes over 3,000 data points per taxpayer to surface personalized advice opportunities and insights. TaxStatus also offers real-time IRS notifications, keeping financial professionals informed about critical changes in their clients' accounts, such as unpaid taxes or potential audits.
Target Audience
TaxStatus primarily targets financial advisors, wealth managers, and other financial professionals who need efficient and accurate access to client financial data for planning and compliance purposes.
Features
- Secure client onboarding via email or text message with embedded KYC/KYB compliance
- Access to official IRS records, including income sources, retirement and investment accounts, and mortgage-backed real estate
- Retrieval of return transcripts from over 45 tax forms and schedules (W2s, 1099s, 1098s, 5498s, K1s, etc.)
- Real-time IRS notifications for unpaid taxes, penalties, interest, and potential audits
- Identity verification through government ID check and facial identification
- Adverse media and global watchlist screenings for KYC/AML compliance
- API access for integration with existing financial planning tools