TaxStatus

Tax Planning Software for Financial Advisorstaxstatus.com

TaxStatus provides financial advisors and tax professionals with direct, IRS-sourced verified client financial data via a SaaS platform and API, supporting onboarding, tax planning, and proactive IRS monitoring across the U.S. market.

Company typePrivate
Founded2021
HeadquartersFrisco, United States
Headcount11–50
GTM typeB2B
OfferingSoftware

What TaxStatus does

TaxStatus is a Frisco, Texas-based fintech founded in 2021 that operates a direct-to-IRS data platform serving financial advisors, tax professionals, and — through partnerships — adjacent segments including AI advisor platforms and private K-12 schools. The platform pulls 3,000+ verified data points per taxpayer directly from the Internal Revenue Service, spanning up to 13 years of tax records, and provides real-time account monitoring for three years. Core product capabilities include a Financial Baseline Report, Consolidated Account Report, Income Summary, 100+ bespoke tax planning strategies, Tax Prep Checklist, Tax Return History, K-1, Employment History, Asset and Liability, and Brokerage Transaction reports — all branded for the advisor's firm and delivered after a sub-60-second ID.me-verified client consent flow.

The underlying technology combines a proprietary REST API (OAuth2, webhook callbacks, V1/V2 endpoints, sandbox environment) with IRS authorization workflows (Forms 2848/8821), operating as a licensed consumer reporting agency under the FCRA and maintaining SOC 2 Type 2 compliance. TaxStatus distributes through a dual GTM motion: product-led self-serve SaaS for individual advisors and tax professionals, plus an enterprise sales channel for broker-dealers and larger wealth management firms. Pricing tiers include Starter at $75/month (up to 30 clients), Firm at $1,000/month (up to 240 households), and custom Enterprise contracts with SSO, dedicated onboarding, and API access. Embedded/OEM distribution is built through integrations with Jump's AI advisor platform, Advice.ai's AI knowledge base, Silver Oak Securities' advisor network, and the VenturEd partnership for K-12 financial aid.

The company is privately held with no disclosed institutional funding rounds beyond accelerator participation (FIS Fintech Accelerator 2021) and an 11-50 employee base. TaxStatus ranked second in the 2026 T3/Inside Information Software Survey for advisor tax planning software at 9.22% mindshare, behind category leader Holistiplan at 38.92%.

TaxStatus firmographics

Firmographics

Name: TaxStatus
Legal name: Tax Status, Inc.
Website: https://taxstatus.com
Company type: Private
Founded year: 2021
Operating status: Operating
Headcount range: 11–50 employees
Short description: TaxStatus provides financial advisors and tax professionals with direct, IRS-sourced verified client financial data via a SaaS platform and API, supporting onboarding, tax planning, and proactive IRS monitoring across the U.S. market.
Ownership category
akta.pro rank

Where TaxStatus is headquartered

Location

Headquarters

HQ city: Frisco
HQ country: United States
HQ region: North America

Offices1 record

Markets served

TaxStatus business model

Business model

GTM type: B2B
Offering type: Software
Cost components: Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

SaaS Subscription - Starter Plan: Monthly or annual subscription providing access to the platform for up to 30 clients, with additional clients at $2/month per client. Includes 1 firm, 1 workspace, and requires a 1-year commitment.
SaaS Subscription - Firm Plan: Monthly or annual subscription providing access to the platform for up to 240 households, with additional households at $4/month. Includes unlimited workspaces, premium onboarding, SSO, and early access to new features. Annual plan offers up to 60% savings.
Enterprise Subscription: Custom enterprise pricing for larger organizations with dedicated support, custom API access, and tailored onboarding. Monthly invoicing available.

Pricing tiers

Model	Billing	Price
Subscription	Monthly	Starter: $75/month - up to 30 clients included
Subscription	Monthly	Firm: $1,000/month - up to 240 households included
Subscription	Multi-year contract	Enterprise: Custom pricing - contact for quote

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

TaxStatus product offering

Product offering

Core offering

TaxStatus provides a SaaS Verified Financials Platform that pulls 100% IRS-sourced financial data directly from the IRS — including income, assets, employment history, business ownership, real estate, retirement accounts, and up to 13 years of tax history — and delivers it to financial advisors and tax professionals as consolidated reports, tax planning strategies, and proactive IRS alerts. The platform also offers a REST-based Tax Data API for enterprise integrations and digital client onboarding via ID.me, with subscription tiers (Starter, Firm, Enterprise) priced per client/household.

Product overview

TaxStatus offers a unified Verified Financials Platform as its core product, providing 100% IRS-sourced verified financial data to financial advisors and tax professionals. The platform is delivered via tiered SaaS subscriptions (Starter at $75/month for up to 30 clients; Firm at $1,000/month for up to 240 households) plus an Enterprise tier, and is complemented by a REST-based Tax Data API for developer integration. The product portfolio includes a suite of reporting and analysis modules — Tax Prep Checklist, Tax Return History Report, Financial Baseline Report, Consolidated Account Report, Income Summary Report, Monitoring and Alerts, Tax Planning Strategies (100+ strategies), K-1 Report, Employment History Report, CAF Integration, Asset and Liability Report, Brokerage Transaction Detail, and Digital Client Onboarding (via ID.me) — all powered by direct IRS data connections. An expanded partnership with Advice.ai delivers AI-powered tax planning strategies built on TaxStatus's verified IRS records. A specialized workflow called Easy Apply, developed with VenturEd, extends the IRS data infrastructure to private school financial aid applications.

Differentiator

Problem solved

Functional benefit

Products and services

Verified Financials Platform Primary SaaS subscription platform providing 100% IRS-sourced verified financial data to financial advisors and tax professionals, delivered through Starter ($75/month), Firm ($1,000/month), and Enterprise tiers with consolidated account views, income intelligence, proactive IRS alerts, tax planning strategies, and personalized tax prep checklists.
Tax Data API REST-based API enabling organizations to programmatically request taxpayer consent, retrieve verified IRS tax data (transcripts, income, accounts, liens, filings), monitor IRS accounts for changes, and download official IRS tax transcripts; supports OAuth2, webhooks, and both individual (1040) and business (940, 941, 1120, 1065) forms.
Easy Apply (VenturEd Partnership) Streamlined private K-12 school financial aid application process built on TaxStatus's IRS data infrastructure, allowing families to directly access IRS data and skip redundant tax questions; reduces application time by over 50% and includes an eligibility estimator for tuition assistance.

Quantifiable outcome

26 hours saved per client on average
+4 more outcomes

Companies that use TaxStatus

Customer profile

Named customers3 records

Segments4 records

Ideal customer profiles5 records

TaxStatus technology and API

Technology

Technology focussed Yes

API detail

Has API: Yes
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature7 records

TaxStatus partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core.

JumpcoreTechnology or Integration · 5 May 2026Jump integrated TaxStatus into its AI advisor platform, marking the first time IRS-verified financials were embedded directly into an AI advisor platform. The integration enables automatic access to verified tax data including income, assets, employment history, and business accounts during pre-meeting preparation for financial advisors. Results are delivered in under a minute.
Advice.aicoreTechnology or Integration · 16 April 2026Expanded partnership making 12 AI-powered tax planning strategies available to financial advisors on Advice.ai's platform for free. The integration combines TaxStatus's IRS data spanning up to 13 years with Advice.ai's AI knowledge base, reportedly reducing strategy creation time from 45 days to seven minutes.
VenturEdcoreStrategic or Co-development Partner · 25 November 2025Joint launch of 'Easy Apply' - a streamlined financial aid application process for private K-12 schools. Families can directly access IRS data and skip redundant tax questions. Since September rollout, over 3,500 families have used the process, reducing application time by more than 50%. Also introduced an eligibility estimator for tuition assistance.
Silver Oak SecuritiescoreChannel Partner/ Reseller/ Distributor · 5 November 2025Silver Oak Securities partnered with TaxStatus to provide IRS-verified financial data to their network of independent advisors. This enterprise partnership enables Silver Oak's advisors to access verified client financials for onboarding and planning.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

TaxStatus competitors and assessment

Company assessment

Emerging players

TIFIN: AI-driven platform building wealth and investment solutions, including AI advisor tools. Adjacent peer because it represents the AI advisor ecosystem that TaxStatus is positioning itself to power via its IRS-verified data API (parallel to the Jump/Advice.ai partnerships).
Nitrogen (formerly Riskalyze): Advisor-facing risk tolerance, financial planning, and client engagement platform with partial overlap in delivering tax and planning insights. Targets the same RIA buyer but with a broader planning suite rather than IRS-data specialization.

Others

Plaid: Dominant financial data aggregator connecting applications to bank, brokerage, and investment accounts. Represents the broader data-aggregation infrastructure layer that could potentially extend into IRS data, posing a long-term competitive adjacency to TaxStatus's niche.
Yodlee: Financial data aggregation platform owned by Envestnet, providing account verification, transaction data, and analytics APIs. Comparable as an alternative data-aggregation infrastructure that advisors and fintechs could use instead of (or alongside) TaxStatus for client financial data.

Broad incumbents

Morningstar: Global investment data and wealth management platform that acquired Income Lab. Offers broader investment research, portfolio analytics, and tax-aware planning tools overlapping with TaxStatus's advisor-facing functionality, though not specializing in IRS-sourced verification.
Envestnet: Large wealth management platform offering data aggregation (Yodlee), portfolio management, and advisor solutions. Competes with TaxStatus in serving large enterprises with end-to-end financial data infrastructure.
Orion Advisor Technology: Comprehensive wealth management platform serving thousands of RIAs with portfolio accounting, reporting, and planning tools. A broad incumbent whose platform could integrate or compete with TaxStatus's tax planning layer within the advisor tech stack.

Direct peers

fpPathfinder: Practice management and client-facing financial planning tools for RIAs, including tax planning workflows. Targets the same advisor persona as TaxStatus and competes for the workflow layer that turns client data into actionable planning deliverables.
Holistiplan: The market-leading tax planning software for financial advisors, holding 38.92% share in the 2026 T3/Inside Information Software Survey vs. TaxStatus's 9.22%. Both platforms deliver IRS-sourced tax planning and analysis tools to RIAs and wealth managers, competing head-to-head for the same advisor customer base.
Income Lab: Tax-aware retirement income planning software for financial advisors, now part of Morningstar. Competes with TaxStatus's tax planning modules for the same RIA segment, with overlapping use cases around personalized, IRS-grounded planning recommendations.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

TaxStatus compliance and trust

Trust signal

Compliance2 records

TaxStatus financial estimates

Financial estimate

Revenue estimate

Valuation estimate

TaxStatus leadership team

Management profile

Number of profiles

Profiles2 records

TaxStatus funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

TaxStatus M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TaxStatus

What does TaxStatus do?

Is TaxStatus a public or private company?

TaxStatus is a private company. It is classified as venture growth investor backed and is currently operating.

When was TaxStatus founded?

TaxStatus was founded in 2021. It employs 11 to 50 people.

Where is TaxStatus based?

TaxStatus is headquartered in Frisco, United States, in the North America region.

How does TaxStatus make money?

Three revenue lines are on record. SaaS Subscription - Starter Plan is the primary driver. The others are saaS Subscription - Firm Plan and enterprise Subscription.

Who are TaxStatus's main competitors?

Emerging players on record are TIFIN and Nitrogen (formerly Riskalyze). Others are Plaid and Yodlee. Broad incumbents are Morningstar, Envestnet and Orion Advisor Technology. Direct peers are fpPathfinder, Holistiplan and Income Lab.

Does TaxStatus have an API?

Yes. TaxStatus provides a REST-based API that enables organizations to request taxpayer consent, retrieve verified IRS tax data (income, transcripts, accounts, liens, filings), monitor IRS accounts for changes, and download official IRS tax transcripts. The API supports OAuth2 authentication and webhook callbacks for consent completion and data availability notifications. It offers both V1 and V2 endpoints (Transcript Detail V2, Last Status V2), with a development sandbox for testing. The API allows developers to use a Client ID (instead of SSN) for all calls and supports custom one-link consent flows that can be iFramed, opened in a new tab, or emailed. Available transcript types include ACTR (Account Transcript), WAID (Wage & Income), RECA (Record of Account), and RETR (Tax Return Transcript), covering both individual (1040) and business forms (940, 941, 1120, 1065). Developer documentation is at developer.taxstatus.com.