Chart is a Unified Tax Collection API designed to streamline the process of accessing and integrating clients' tax records directly from authoritative sources like the IRS and leading tax preparation platforms. By offering real-time access to verified tax documents, Chart enables fintech companies and financial institutions to automate income verification and client onboarding efficiently. The platform transforms complex tax documents into structured JSON data, facilitating seamless integration into existing systems.
Key Features and Functionality:
- Real-Time Access: Instantly retrieve client tax records through direct connections to the IRS and major tax software, ensuring up-to-date information.
- Verified Documents: Obtain official tax records directly from government sources and trusted tax software, eliminating uncertainties associated with unverified data.
- Structured Data Output: Convert tax documents into clean, organized JSON data using automatic OCR processing, simplifying integration with your tools.
- Developer-Friendly API: Utilize a REST API complemented by SDKs, sandbox environments, and comprehensive documentation to facilitate smooth integration.
- Flexible Submission Options: Offer clients multiple methods to submit their records, including connecting their IRS Online Accounts, linking tax preparation software, or completing official IRS forms.
- Enterprise-Grade Security: Ensure data security with non-persistent credentials, SOC 2 Type II compliance, granular access controls, and options to anonymize personally identifiable information (PII).
Primary Value and User Solutions:
Chart addresses the challenges fintech companies and financial institutions face in verifying client income and onboarding new clients by providing a secure, efficient, and reliable method to access verified tax records. By automating these processes, Chart reduces manual workload, minimizes errors, and accelerates client onboarding, ultimately enhancing operational efficiency and client satisfaction.
