ModernTax Launches Live Contributory Network for On-Demand Tax Verification

August 28, 2023

ModernTax, the AI-powered business data platform, has launched its Live Contributory Network, connecting licensed tax professionals with ModernTax customers to provide on-demand tax verification services. With the Live Contributory Network, businesses and individuals can access fast, secure, and reliable tax verification services. Using TDS tools, licensed tax professionals can validate business and individual tax transcripts, providing ModernTax customers with the data they need to make critical business decisions.

ModernTax's suite of tools is designed to help businesses better understand financial data on US businesses and individuals. With access to over 12 million unique US businesses and counting, ModernTax is the go-to platform for tax data and API solutions. Through its partnership with licensed tax professionals, ModernTax is able to provide even more efficient and accurate solutions for tax verification.

Matt Parker, Founder and CEO of ModernTax, expressed his excitement about the launch of the Live Contributory Network, saying, "We're excited to launch the Live Contributory Network and provide our customers with even faster and more reliable tax verification services. By connecting our customers with licensed tax professionals, we're able to offer a more efficient and accurate solution for tax verification solutions at scale."

The Live Contributory Network provides on-demand tax verification services. Through the network, businesses can access real tax information with record SLAs due to a live network of over 1,000 professionals who can validate business and individual tax transcripts. This can be particularly helpful for businesses that need to make critical financial decisions based on accurate and up-to-date tax information or complement self-reported information like accounting, bank, and payroll data.

ModernTax's technology leverages public repositories, a live contributory network, and AI to collect, summarize, and provide key insights on over 7 million businesses and counting. This ensures that businesses and individuals have access to the most up-to-date and accurate tax information available. ModernTax's platform is designed to be fast, secure, and reliable, making it easy for businesses and individuals to access the financial data they need.

In addition to the Live Contributory Network, ModernTax offers a range of other tools designed to help businesses and individuals better understand their financial data. These tools include a library of live active business records on US entities and individuals, which helps internal underwriting, risk, fraud, and data teams expand coverage and fight fraud.

Overall, ModernTax's suite of tools and the Live Contributory Network are designed to make it easier for businesses and individuals to access the financial data they need. Whether it's for internal underwriting, risk, fraud, or data teams, or for businesses and individuals who need to make critical financial decisions, ModernTax's suite of tools provides fast and secure access to tax data.

If you are a registered and licensed IRS tax practioner, you may be eligible to join our contributor network. Please complete this brief survey and our team will follow up with you.

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