Latest news with #IRS-verified
Business Wire
30-07-2025
- Business
- Business Wire
Tax Status, Inc. Launches Revolutionary TaxStatus LeadGen™ Platform, Transforming Financial Services Lead Generation with IRS-Verified Data
FRISCO, Texas--(BUSINESS WIRE)--Tax Status, Inc., a leader in tax data intelligence solutions, today announced the launch of TaxStatus LeadGen, a groundbreaking turnkey lead generation platform that delivers fully verified prospect data directly from IRS records. The platform enables financial services firms to receive pre-qualified leads with complete demographic information and comprehensive income, asset, and tax data in under five minutes, revolutionizing how wealth management firms identify and convert high-net-worth clients. "When an advisor receives a lead from our platform, they already know everything about the prospect – from contact info & family structure to income, assets, business interests, & tax situation – all verified directly from IRS data." - Kevin Knull, CEO Share Unlike traditional lead generation services that rely on self-reported data or publicly available data, TaxStatus LeadGen provides financial advisors with permission-based, comprehensive, IRS-verified prospect profiles including full demographics (name, spouse name, date of birth, address, email, phone), income sources, business ownership, investment accounts, real estate holdings, and tax standing. This unprecedented level of data accuracy and depth enables firms to focus their resources on genuinely qualified prospects while dramatically reducing the time spent in discovery meetings. "Financial advisors waste countless hours qualifying prospects based on incomplete or inaccurate information," said Kevin Knull, CEO of Tax Status, Inc. "TaxStatus LeadGen solves this fundamental problem by delivering leads that come with a complete prospect intelligence report. When an advisor receives a lead from our turnkey platform, they already know everything about the prospect – from their contact information and family structure to their income, assets, business interests, and tax situation – all verified directly from IRS data. Perhaps even more importantly, advisors can drastically shorten the discovery process so that they can render more complete advice to their clients sooner – which ultimately results in a better client experience and superior client outcomes." Key Platform Features: Enterprise-Ready: Designed for broker-dealers, RIAs, banks, lenders, and CPA firms who market through their existing channels Custom Messaging: Firms can determine their own messaging, branding, creative, and value proposition offered to the prospect at the beginning of the process Complete Prospect Profiles: Full demographics including name, spouse, DOB, address, email, and phone 60-Second Prospect Experience: Prospects complete a permission-based authentication process in under one minute on any device Comprehensive Financial Data: Each lead includes verified income, asset holdings, business ownership, tax rates, deductions, and multi-year financial and employment history Custom Call(s) to Action: Firms can decide what specific call(s) to action take place at the end of the process, including scheduling an appointment with a financial advisor Turnkey White-Label Platform with 7-Day Deployment: Full implement takes less than a week Transformative Results for Financial Services Firms: TaxStatus LeadGen reports remarkable improvements in their lead generation and conversion metrics: 10x improvement in lead quality compared to traditional sources 50% higher conversion rates due to pre-qualification with verified demographics 80% reduction of time spent qualifying prospects and completing client discovery process Complete contact information for immediate follow-up "The quality difference is staggering," said Nick Laird, CEO at VentureEd Solutions - a firm focused K-12 financial aid qualification. "We're not just getting names and phone numbers anymore – we're getting complete information with verified contact information and full profiles of people who have already given permission to share their data. It's completely changed how we do business." Turnkey Implementation Model: TaxStatus LeadGen is a turnkey solution that works in concert with an enterprise firm's marketing efforts and allows them to offer their unique value proposition to prospects. The enterprise is responsible for driving prospects to the platform through their existing omni-channel marketing and advertising initiatives, while Tax Status provides the entire technology infrastructure, IRS data integration, and prospect intelligence reporting. All data is available to the enterprise via API to enable integration with all existing enterprise technology platforms. The firm may choose any customer journey or call to action upon completion of the process, such as enabling the prospect to schedule a meeting with a financial advisor. This model allows firms to leverage their marketing strengths while gaining access to unprecedented data intelligence capabilities. Addressing Industry Compliance and Privacy: TaxStatus LeadGen™ operates with full regulatory compliance, utilizing secure, permission-based data access protocols. Prospects explicitly authorize the sharing of their IRS data and personal information with their chosen financial services provider, creating a transparent and compliant process that protects both firms and consumers. Tax Status is SOC 2 Type 2 compliant and all compliance documentation is available at Competitive Advantage: While other lead generation services rely on self-reported data, basic questionnaires, and 'scraped' public data, TaxStatus LeadGen is the only platform providing actual IRS-verified financial information along with complete demographic profiles. This unique turnkey capability positions financial services firms to: Contact prospects immediately with verified information Identify truly high-net-worth prospects with family details Uncover complex planning opportunities before first contact Personalize their approach with complete background Eliminate unqualified leads before investing resources A Comparison of Lead Quality: All leads are not equal, and Tax Status believes they have changed the lead landscape with this offering. A few data points: A typical lead for an advisory firm includes data that is self reported, with name, email, phone. Not a lot to build on—3 data points. A 'better lead', while still self-reported, also might include date of birth information, address, a self-reported income figure, and a self-reported estimate of net worth—5-7 data points, at most. A TaxStatus LeadGen lead includes that information—but instead of self-report, the data is IRS verified from all sources who report into the IRS. It includes everything: W-2s, 1099s, K-1s, dividends, and capital gains. The Net Worth figure is calculated from actual assets and liabilities—meaning it includes all accounts at all custodians with type and financial activity. It includes business ownership (every entity, with exact ownership percentages and lenders); it includes all properties with mortgage balances, and the lenders included; it includes up to ten years of verified history and tax rates, deductions, carry forwards, and compliance. It's over 3000 data points of verified information. Availability and Pricing: TaxStatus LeadGen is immediately available for enterprise deployment as a turnkey solution. Pricing is customized based on volume and specific implementation requirements. Interested firms can schedule a demonstration and receive a sample verified Prospect Intelligence Reports by contacting Tax Status, Inc. About Tax Status, Inc.: Tax Status, Inc. is a fintech company specializing in tax data intelligence and verification solutions. Founded with the mission of making tax and financial data more accessible and actionable, the company serves financial institutions, wealth management firms, and enterprises seeking to leverage IRS-verified data to help render better advice to their clients. Tax Status, Inc. is committed to maintaining the highest standards of data security, privacy, and regulatory compliance while providing turnkey solutions that integrate seamlessly with existing business processes. For more information about TaxStatus LeadGen or to schedule a demonstration, email hello@
Associated Press
13-03-2025
- Business
- Associated Press
VenturEd Solutions' SSS Powered by TaxStatus Unveils the Future of Financial Aid Awarding: a Smarter, Faster, and More Secure Process for Private K-12 Schools
School and Student Services® (SSS) powered by TaxStatus® has ushered in a new era of financial aid awarding for private K-12 schools with its groundbreaking, direct IRS integration, unveiled at the NAIS Thrive event. With TaxStatus' advanced IRS integration, SSS provides schools with immediate access to verified financial data while safeguarding families through secure identity verification methods, including This enhancement reduces application barriers for families and enables schools to make timely financial aid decisions without relying on manual or outdated methods. SSS' transformational integration with TaxStatus generated significant enthusiasm at NAIS' Thrive 2025 event, capturing the attention of financial aid and enrollment professionals from across the country. 'NAIS has long provided schools with a trusted methodology to equitably assess family ability to pay school costs. We are excited to collaborate with SSS in their work to enhance the financial aid process by leveraging TaxStatus to provide accurate, IRS-verified financial data and deep insights directly to schools, as these steps will certainly improve the quality and efficiency of financial aid decision-making and outcomes for both families and schools,' said Mark Mitchell, Vice President, Access & Affordability of NAIS (National Association of Independent Schools). With this advancement, SSS removes long-standing obstacles in the financial aid process—reducing the time for family income verification from days to minutes, gaining insight into family-owned business tax data, reducing manual errors, and preventing issues caused by missing documents. Unlike competitors attempting to replicate its functionality, TaxStatus brings deep expertise in interpreting, monitoring, and managing IRS data at scale with secure identity verification and protection, far-exceeding manual form submission. Backed by bank-grade, enterprise-grade security, TaxStatus' practices are continuously audited by experts to ensure financial information is protected. Additionally, SSS now enables admissions, enrollment, and financial teams to receive real-time updates when there are income changes—such as a newly filed 1099 or self-employment quarterly filing—ensuring schools can make more informed, timely, and fair financial aid decisions with ongoing updates from the IRS for up to three years. Transform your Financial Aid experience and learn more at their upcoming webinar. Industry Leaders Applaud SSS Powered by TaxStatus at NAIS Thrive 2025 'The response at NAIS Thrive was superb. Schools are excited about how this innovation will allow them to meet families where they are, no matter their financial aid needs,' said Nick Laird, CEO of VenturEd Solutions. 'At VenturEd Solutions, we are committed to bringing future-focused solutions to the market, ensuring private and independent schools have the best tools to support students and families.' Speaking to the value of SSS with this new partnership, Cara Gregory, Director of Technology at The Linsly School notes, 'As both a parent and an IT director, I've seen firsthand how critical accurate financial data is to ensuring families receive the right financial support. With SSS powered by TaxStatus, the seamless integration eliminates manual errors and significantly reduces processing time for our staff. What's even more valuable is how it automatically updates with the latest tax information in real time, ensuring that financial aid decisions are always based on the most up-to-date data.' Touching on the power of SSS with TaxStatus' data and reporting, Mike Cobb, Senior Innovation & Organizational Strategist at Mission & Data and Futurist in Residence at Forsyth Country Day School notes, 'The convergence of TaxStatus with SSS represents an important shift in the future by providing schools real-time, verified tax data with unprecedented precision and speed, allowing for more equitable and efficient financial aid decisions. This innovation not only enhances the financial sustainability of schools but also unlocks the potential for dynamic, flexible tuition models, where resources are utilized to fulfill vision, mission, and values.' Charles Almond, Founder and CEO of TaxStatus will be a featured presenter for their upcoming March 27 financial aid SSS webinar, giving financial aid, enrollment, and admissions practitioners the opportunity to hear directly from the leaders behind this transformation. In this exclusive webinar, attendees will engage with top executives from TaxStatus and SSS, ask their most pressing questions, and see firsthand how this partnership is reshaping financial aid processing. Join the Next Era of Financial Aid Webinar – Register Now. About VenturEd Solutions: VenturEd Solutions is a leading solution provider exclusively dedicated to powering the success of K-12 schools, students, and families. With innovative solutions rooted in more than 50 years of service to the education sector, VenturEd Solutions, formerly Education Brands from Community Brands, empowers schools worldwide with efficient, customizable solutions that strengthen operations and drive growth. VenturEd Solutions serves more than one million students and families at over 28,000 schools, districts, dioceses, multi-academy trusts, and educational organizations globally. This comprehensive suite of solutions supports admissions and enrollment, financial aid, tuition, student information management, school payments, communications, data, and analytics to ensure schools achieve their goals and make a lasting impact in their communities. About SSS: School and Student Services (SSS) is a trusted financial aid management solution for K-12 private and independent schools. Powered by NAIS' industry-standard methodology, SSS provides schools with the tools and insights they need to make fair, consistent, and mission-aligned financial aid decisions. With an intuitive, family-friendly application process and robust administrative features, SSS simplifies financial aid management, helping schools increase access, promote diversity, and support sustainable enrollment growth. About TaxStatus: TaxStatus is a cutting-edge IRS account monitoring and tax data platform designed for financial professionals and the clients they serve, provided through a direct, two-way integration with the IRS. TaxStatus is a one-of-a-kind, truly innovative solution in the financial services industry. The product solves three important problems for financial advisors: eliminating the friction in obtaining tax data, providing continuous IRS account monitoring, and providing insights and data necessary to provide improved tax and financial planning recommendations. The platform provides: (1) frictionless access to consent-based IRS tax data, allowing financial professionals to obtain their clients' individual, business, and trust official IRS records digitally with ease and 100% accuracy, (2) continuous IRS account monitoring to ensure advisors and their clients are aware of any changes to an IRS account including filing status, refund status, taxes/penalties/liens due, audit activity, and even fraud alerts, and (3) unparalleled tax and financial planning insights covering thousands of data points per taxpayer, which surface advice opportunities specific to each client for hyper-personalized recommendations. The result is the most complete and accurate financial picture for any taxpayer, which ultimately helps advisors deliver better financial plans, better advice, and better client outcomes. Media Contact Nettie Reynolds Senior Manager Content/Media 512-815-0520 Contact Information: VenturEd Solutions Nettie Reynolds 512-815-0520
