Which documents can be extracted?

Prior-year returns and common source documents including W-2s, 1099s, K-1s, and brokerage statements, with figures mapped to the right fields.

How accurate is the extraction?

Extracted values are shown side by side with the source page so a preparer can confirm each figure. Low-confidence fields are flagged instead of accepted silently.

Does extraction save real preparation time?

It removes most manual retyping of prior-year and source-document figures, which is where avoidable keying errors usually enter a return.

AI tax return extraction from prior-year PDFs

Drop in a prior-year return PDF and AI extracts the forms, schedules, income sources, carryforwards, and K-1 detail into structured data your team can review and use.

Document converting into a structured table via an arrow

Reads 1040, 1120, 1120-S, 1065, and 1041 returns with schedules
Captures carryforwards, basis, and depreciation detail
Builds the expected-document list for the current year
Field-level confidence with the source page one click away

New clients arrive as a 90-page PDF

Onboarding a new client means reading their last return: which entities are involved, which states they file in, what income sources recur, what carryforwards exist, what depreciation schedules must continue. Done by hand, that is an hour of senior time per client, and it is exactly the work that gets skipped when the calendar is full.

AI extraction turns that PDF into structured data in minutes — forms present, schedules attached, income sources itemized, K-1 issuers named, carryforwards captured.

Extraction that drives this year's work

Extracted data is not a report that sits in a folder. It becomes the current-year document checklist, feeds the AI gap review, and gives the intake questionnaire a prior-year baseline to compare against.

Expected documents generated from last year's income sources
Multi-state filing requirements surfaced automatically
K-1 issuers listed so the firm knows what to wait for
Entity relationships suggested for household linking

Verifiable, not a black box

Every extracted value carries a confidence score and a link to the exact page and line it came from. Reviewers confirm or correct on one screen, and corrections are retained so the same client's next return is handled more accurately.

Frequently asked questions

Which documents can be extracted?: Prior-year returns and common source documents including W-2s, 1099s, K-1s, and brokerage statements, with figures mapped to the right fields.
How accurate is the extraction?: Extracted values are shown side by side with the source page so a preparer can confirm each figure. Low-confidence fields are flagged instead of accepted silently.
Does extraction save real preparation time?: It removes most manual retyping of prior-year and source-document figures, which is where avoidable keying errors usually enter a return.

See ai tax return extraction in your firm

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