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At Nitrogen’s 2024 Fearless Investing Summit, Kevin Knull, president of TaxStatus, mentioned how TaxStatus is reworking tax planning via its safe, two-way IRS integration. With consumer consent, advisors can entry as much as 13 years of tax information and obtain real-time updates on filings, refunds, and potential audits. Knull highlighted the rising risk of tax fraud, citing a serious knowledge breach that uncovered 272 million taxpayer IDs. He defined how TaxStatus helps advisors shortly detect fraudulent returns, enabling well timed intervention to safeguard purchasers’ funds.
