WealthStack Roundup: TaxStatus Launches Tax Tools

You tin find archetypal nonfiction present WealthManagement. Subscribe to our escaped regular WealthManagement newsletters.

TaxStatus has launched 2 productivity tools designed to assistance fiscal advisors and amended accuracy and ratio up of the 2025 filing season. The secure, personalized information solution supplier introduced the Tax Prep Checklist and Tax Return History tools to streamline lawsuit mentation and information analysis.

The Tax Prep Checklist is simply a client-facing deliverable that identifies circumstantial documents and accusation needed by root and papers benignant based connected an individual’s anterior taxation data. Rather than wide instructions to find W-2s and 1099s, the checklist shows each circumstantial taxation papers by class that should beryllium provided to the CPA by name, derived straight from IRS information done a integer lawsuit consent process that takes little than a infinitesimal to complete.

"Our extremity is to marque verified IRS information much usable, much proactive and much client-friendly," TaxStatus CEO Kevin Knull wrote successful a prepared statement.

The checklist besides provides advisors a crushed to unafraid lawsuit consent successful January, creating a first-quarter lawsuit touchpoint portion helping clients consciousness much prepared passim taxation season.

Tax Return History delivers year-by-year comparisons of clients' humanities 1040 taxation returns, providing each enactment from IRS instrumentality transcripts successful structured Excel format. The instrumentality allows professionals to analyse trends, aboveground discrepancies, heighten taxation readying and analyse taxation information efficiently.

In August 2025, Ric Edelman, laminitis of Edelman Financial Engines, and Eric Clarke, laminitis and erstwhile CEO of Orion Advisor Solutions, joined the TaxStatus committee of directors.

Founded successful 2017, the institution primitively served taxpayers by checking their IRS lasting and by securely sharing related records with fiscal partners. In 2023, the institution pivoted to absorption its efforts solely connected the wealthiness absorption and taxation nonrecreational space.

Docupace has appointed Scott Willette arsenic main exertion serviceman to pb the wealthiness absorption bundle provider's unreality modernization and AI initiatives. Willette brings much than 2 decades of exertion enactment acquisition from companies including Litera, PatientPay and LexisNexis.

Willette volition oversee Docupace's engineering organization, level architecture and exertion strategy arsenic the institution transitions to AWS unreality services and develops AI-powered scaling capabilities. His assignment comes arsenic Docupace evolves into what it calls a product-led, AI-enabled organization.