Freedom251 › Tax Planning Software
TaxStatus
What TaxStatus is
TaxStatus retrieves verified IRS-sourced client financial data for financial advisors and tax professionals without requiring clients to scan or upload documents. It organizes accounts by custodian and displays account numbers and fair market values. Income reporting can include wages, 1099 income, Social Security, retirement distributions, rental income, and business income. Professionals can receive alerts about audits, collections activity, penalties, fraud attempts, and refunds, and access reports covering K-1s, employment history, assets and liabilities, brokerage transactions, and year-over-year tax summaries. TaxStatus describes more than 100 tax-planning strategies based on verified IRS data. Professionals can connect a CAF, import clients, and receive IRS transcripts in bulk PDF format. Clients can verify identity and consent through an ID.me process, or authorize access using a consent link, IRS 1-Click, or a wet-signed form; they can revoke consent. The platform is available on the web and through an API. Starter costs $75 a month with a one-year commitment; Firm costs $1,000 a month, billed annually, also with a one-year commitment.
Who it suits
TaxStatus is aimed at financial advisors and tax professionals managing client tax data and planning. Its API is also offered to businesses collecting customers’ IRS data.
What it does well
- Retrieves verified IRS data without client document uploads.
- Reports include multiple income types and financial records.
- Clients can revoke consent at any time.
- API can be used through a business’s own interface.
- SOC 2 Type II certification is listed.
What to know first
- Starter requires a one-year commitment.
- Starter includes up to 30 clients.
- Firm costs $1,000 a month.
- Firm requires a one-year commitment.
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Firm | or $10,000 / year · paid annually · Up to 240 households included · + $4 / mo per additional household · 1 firm · Unlimited workspaces · Premium onboarding · SSO · Early access to Planning & new features · 1-year commitment | $1,000 a month |
| Starter | $900 / year · paid monthly · Up to 30 clients included · + $2 / mo per additional client · 1 firm · 1 workspace included · 1-year commitment | $75 a month |
As taxstatus.com lists them, read 3 Oct 2026. The maker's own page has the final word.
Verdict
TaxStatus focuses on verified IRS data, reports, alerts, and tax planning for professional workflows. Its listed plans carry one-year commitments, and Firm has a substantially higher listed monthly price than Starter.
Facts from TaxStatus's own pages
- Account visibility
- The platform organizes clients’ financial accounts by custodian and shows account numbers and fair market values. · taxstatus.com, 3 Oct 2026
- API
- Developers can use the Tax Data API through their own interface or use TaxStatus’s consent process. · taxstatus.com, 3 Oct 2026
- CAF integration
- Professionals can link their CAF, import clients, and receive IRS tax transcripts in bulk PDF format. · taxstatus.com, 3 Oct 2026
- Client onboarding
- Clients can verify identity and consent through a secure ID.me flow in under 60 seconds. · taxstatus.com, 3 Oct 2026
- Consent options
- The security page says clients can authorize access with a unique consent link, IRS 1-Click, or a wet-signed form, and can revoke consent at any time. · taxstatus.com, 3 Oct 2026
- Founded
- 2017 · taxstatus.com, 28 Sept 2026
- Income data
- Income reporting includes W-2 wages, 1099 income, Social Security, retirement distributions, rental income, and business income. · taxstatus.com, 3 Oct 2026
- Infrastructure
- The security page describes AWS virtual private clouds, 99.9% uptime, multi-zone redundancy, DDoS protection, and continuous monitoring. · taxstatus.com, 3 Oct 2026
- Intended users
- The product is presented for financial advisors and tax professionals, and its API is offered to businesses collecting customers’ IRS data. · taxstatus.com, 3 Oct 2026
- IRS alerts
- TaxStatus can alert professionals to audits, collections activity, penalties, fraud attempts, and refunds. · taxstatus.com, 3 Oct 2026
- Other reports
- Reports include K-1, employment history, assets and liabilities, brokerage transactions, and year-over-year tax summaries. · taxstatus.com, 3 Oct 2026
- Plan billing and users
- Starter and Firm are charged on the first of each calendar month, renew after a one-year term, and include unlimited team members with individual logins. · taxstatus.com, 3 Oct 2026
- Security
- TaxStatus says it is SOC 2 Type II certified with annual audits and uses AES-256 and TLS 1.3 encryption. · taxstatus.com, 3 Oct 2026
- Tax planning
- The site describes more than 100 bespoke, multi-strategy tax planning strategies powered by verified IRS data. · taxstatus.com, 3 Oct 2026
- What it does
- TaxStatus retrieves IRS-sourced, verified client financial data for financial advisors and tax professionals without requiring clients to scan or upload documents. · taxstatus.com, 3 Oct 2026
Where TaxStatus stands on Freedom251
- Tax Planning Software#21 of 27