TaxStatus
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
TaxStatus industry classification
Industry- Product category
- Tax Planning Software for Financial Advisors
- NAICS
- Tax Preparation Services (541213), Offices of Certified Public Accountants (541211), Portfolio Management and Investment Advice (523940)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Investment Advice (6282)
- akta.pro primary industry
- Tax Planning & Personal Tax Optimization Tools (FSAGADAJ)
- akta.pro secondary industries
- Tax-Aware Investment Planning (FSAEAAAE), Tax Advisory & Compliance (BPAHABAB)
Keywords
Where TaxStatus is headquartered
LocationHeadquarters
- 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 offeringCore 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 profileNamed customers3 records
Segments4 records
Ideal customer profiles5 records
TaxStatus technology and API
TechnologyTechnology 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 signalPartnerships
Four partnerships are on record, tiered core.
- JumpcoreJump 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.aicoreExpanded 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.
- VenturEdcoreJoint 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 SecuritiescoreSilver 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 assessmentEmerging 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 social profiles
Digital presenceTaxStatus compliance and trust
Trust signalCompliance2 records
TaxStatus financial estimates
Financial estimateRevenue estimate
Valuation estimate
TaxStatus leadership team
Management profileNumber of profiles
Profiles2 records
TaxStatus funding detail
Funding detailFunding 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 investmentM&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?
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.
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.
What industry is TaxStatus in?
TaxStatus's product category is Tax Planning Software for Financial Advisors. Its primary akta.pro industry code is FSAGADAJ, Tax Planning & Personal Tax Optimization Tools, with a secondary code of FSAEAAAE, Tax-Aware Investment Planning. Its NAICS code is 541213 and its SIC code is 7370.