Documents are classified and extracted into workpapers that keep the link back to the page the number came from.

Values get re-keyed from a PDF into the tax software, and the document, adjustment, or assumption that explains the number does not travel with it.

Document processing, workpapers, research, prior year.

01/Capabilities

What Prepare does today.

Document classification

Available now

Uploads are sorted into document types without a human filing them.

Scope Recognizing which tax document a page or file is.

Verified 2026-08-01

Field extraction

Available now

Named fields are read from recognized documents and carried into workpapers.

Scope Pulling named fields from recognized document classes.

Limit Field-level support varies by form; recognition, extraction and reviewed schema are three different levels.

Verified 2026-08-01

Workpapers

Available now

Workpapers carry the document the number came from.

Scope Assembled workpapers with the source document attached to the value.

Verified 2026-08-01

Prior-year comparison

Available now

This year is compared against last year, and the differences are listed.

Scope Comparing this year's data against the prior-year return on file.

Verified 2026-08-01

AI tax research

Available now

Research answers arrive with their sources attached, for the preparer to check.

Scope Research answers with citations to primary sources.

Limit Research assists a professional. It is not advice and is not a substitute for professional judgment.

Verified 2026-08-01

02/Scope

What is in scope today.

Common individual document classes (W-2, the 1099 series, 1098 series, K-1)
Prior-year return comparison
Workpaper assembly

03/Security

What happens to the data at this stage.

Client documents and tax data are encrypted during transmission and while stored.
Each firm operates in a logically isolated workspace, and access is assigned according to responsibility.
Multi-factor authentication and role-based access are available.
Material actions involving documents, client data, review, and financial information are recorded with the actor and timestamp.
TaxScout maintains encrypted backups that support recovery and continuity.
Customer data is not used to train shared models.
TaxScout hosts customer data in the United States.
Security controls are mapped to relevant professional-firm requirements.

Control detail and current assurance status: /security.

04/The rest of the workflow

Where this sits.

Collect

Portal, intake, documents, reminders.

Review

Exceptions, source links, validation, decisions.

Deliver

Handoff, signature, communication, billing, archive.

·/Limitations

What this does not do today.

Extraction quality depends on document quality — a photographed page skewed on a table extracts less reliably than a native PDF.
Accuracy percentages are not published without a documented benchmark (§6.16).
Document classes have different maturity; ask for the current per-form matrix rather than treating one number as a blanket claim.

See one return move through this

A single 1040 from client documents to CPA review, labelled for what it is.