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OUR GOAL

Simplify and streamline
the income tax return preparation experience
of taxpayers and their tax preparers
in a tax-software-agnostic way.


To achieve this goal we are developing a new system that includes

Application Program Interfaces

Docker Images, and

Software Development Kits

for use by

Tax Document Issuers and

Tax Software Companies

The "Why" of Tax Doc Hub

The system is based on the following premises:

  1. MANUAL DATA ENTRY IS TEDIOUS, ERROR-PRONE, AND UNNECESSARY
    It makes no sense for issuers of tax information documents to have data in electronic form -- only to print it to paper and require manual data entry by taxpayers or tax preparers to get the data back into electronic form in tax software. Manual data entry should be replaced with one or more of the following:
    1. API
    2. Industry standard file export/import
    3. QR code scan
  2. WHEN SCANNING PRINTED TAX FORMS: QR IS BETTER THAN OCR
    Some use optical character recognition (OCR) software to get printed tax form data into tax software. We believe that OCR software is too costly and is not sufficiently reliable. A better technology for this purpose is two-dimensional bar codes such as QR codes.
  3. WHEN DOWNLOADING TAX FORMS FROM A WEBSITE: Industry-standard files are better than generic PDF
    "Paperless" delivery of tax information documents in Portable Document Format (PDF) via email and web download speeds delivery and saves paper. But PDF can still require manual data entry. Issuers should make document data downloadable in a standard digital format. And tax software should accept digital data files via "drag and drop". Additionally, the older Tax Exchange Format (TXF) should be replaced with a modern, well-supported, standard.
  4. DIRECT ELECTRONIC IMPORT INTO TAX SOFTWARE VIA API SHOULD BE EXPANDED AND IMPROVED
    Use of Financial Data Exchange (FDX) and Open Financial Exchange (OFX) server technology makes end-to-end electronic delivery of tax data possible.
    However:
    1. Medium and smaller sized companies shouldn't have to incur the cost and headache of developing and operating their own server.
    2. More tax information documents (especially Schedules K-1 and other documents with multiple data items) should be commonly importable by tax software programs.
    3. The credentials used to retrieve tax documents should not be the same as those to log on to a financial instituion web site.
    4. Ideally, tax software users should not have to authorize the application to retrieve their tax document data each year. An "until-revoked" authorization should be available.

The "What" of Tax Doc Hub

Tax Document Issuers

  • Submit tax document data to:
    1. Generate Intelligent Tax Documents® for recipients
    2. Access automated print and mail service
    3. Electronically file tax forms to Internal Revenue Service via IRIS (Information Return Intake System)
    4. Allow direct tax software import of tax documents

Tax Document Consumers (Tax Prep Software)

  • Retrieve tax document data via either OFX and FDX API

Documents for Import into
Tax Software (1040) Programs

Tax preparation (1040) software may now import
over 50 types of tax information document data

  1. 1041 K-1 : Beneficiary's Share of Income, Deductions, Credits, etc.
  2. 1042-S : Foreign Person's U.S. Source Income Subject to Withholding
  3. 1065 K-1 : Partner's Share of Income, Deductions, Credits, etc.
  4. 1065 K-3 : Partner's Share of Income, Deductions, Credits, etc.
  5. 1095-A : Health Insurance Marketplace Statement
  6. 1095-B : Health Coverage
  7. 1095-C : Employer-Provided Health Insurance Offer and Coverage
  8. 1097-BTC : Bond Tax Credit
  9. 1098 : Mortgage Interest Statement
  10. 1098-C : Contributions of Motor Vehicles, Boats, and Airplanes
  11. 1098-E : Student Loan Interest Statement
  12. 1098-MA : Mortgage Assistance Payments
  13. 1098-Q : Qualifying Longevity Annuity Contract Information
  14. 1098-T : Tuition Statement
  15. 1098-VLI : Vehicle Loan Interest Statement
  16. 1099-A : Acquisition or Abandonment of Secured Property
  17. 1099-B : Proceeds From Broker and Barter Exchange Transactions
  18. 1099-C : Cancellation of Debt
  19. 1099-CAP : Changes in Corporate Control and Capital Structure
  20. 1099-DA : Digital Asset Proceeds From Broker Transactions
  21. 1099-DIV : Dividends and Distributions
  22. 1099-G : Certain Government Payments
  23. 1099-H : Health Coverage Tax Credit (HCTC) Advance Payments
  24. 1099-INT : Interest Income
  25. 1099-K : Merchant Card and Third-Party Network Payments
  26. 1099-LPS : Long-Term Care Premiums Paid Statement
  27. 1099-LS : Reportable Life Insurance Sale
  28. 1099-LTC : Long-Term Care and Accelerated Death Benefits
  29. 1099-MISC : Miscellaneous Income
  30. 1099-NEC : Nonemployee Compensation
  31. 1099-OID : Original Issue Discount
  32. 1099-PATR : Taxable Distributions Received From Cooperatives
  33. 1099-Q : Payments From Qualified Education Programs
  34. 1099-QA : Distributions From ABLE Accounts
  35. 1099-R : Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
  36. 1099-S : Proceeds From Real Estate Transactions
  37. 1099-SA : Distributions From an HSA, Archer MSA, or Medicare Advantage MSA
  38. 1099-SB : Seller's Investment in Life Insurance Contract
  39. 1120S K-1 : Shareholder's Share of Income, Deductions, Credits, etc.
  40. 2439 : Notice to Shareholder of Undistributed Long-Term Capital Gains
  41. 3921 : Exercise of an Incentive Stock Option Under Section 422(b)
  42. 3922 : Transfer of Stock Acquired Through an Employee Stock Purchase Plan under Section 423(c)
  43. 5227 K-1 : Split-Interest Trust Beneficiary's schedule K-1
  44. 5498 : IRA Contribution Information
  45. 5498-ESA : Coverdell ESA Contribution Information
  46. 5498-QA : ABLE Account Contribution Information
  47. 5498-SA : HSA, Archer MSA, or Medicare Advantage MSA Information
  48. 5498-TA : Trump Account Contribution Information
  49. W-2 : Wage and Tax Statement
  50. W-2c : Corrected Wage and Tax Statement
  51. W-2G : Certain Gambling Winnings
  52. Business Income Statement : Business Income Statement for IRS Form 1040 Schedule C
  53. Cryptocurrency Tax Statement : Cryptocurrency Tax Statement
  54. Farm Income Statement : Farm Income Statement for IRS Form 1040 Schedule F
  55. Farm Rental Income Statement : Farm Rental Income Statement for IRS Form 4835
  56. Rental Income Statement : Rental Income Statement for IRS Form 1040 Schedule E
  57. Royalty Income Statement : Royalty Income Statement for IRS Form 1040 Schedule E
Participating Tax Software programs include:
  • H&R Block
  • TaxAct
  • Intuit TurboTax

Make your company's 1098, 1099, and W-2 forms importable into Tax Software

without hosting your own API server