Tackling Tax Fraud with Real-Time IRS Integration

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At Nitrogen's 2024 Fearless Investing Summit, Kevin Knull, president of TaxStatus, discussed how TaxStatus is transforming tax planning through its secure, two-way IRS integration. With client consent, advisors can access up to 13 years of tax records and receive real-time updates on filings, refunds, and potential audits. Knull highlighted the rising threat of tax fraud, citing a major data breach that exposed 272 million taxpayer IDs. He explained how TaxStatus helps advisors quickly detect fraudulent returns, enabling timely intervention to safeguard clients’ finances.