AI Powered 1040 Automation
From source documents to tax return in minutes. 1040WIZZ intelligently reads client source documents — W-2s, 1099s, 1098s, K-1s, and more — extracts key data with precision, and imports it directly into your tax software.
It doesn't take days anymore — get your returns prepared in minutes!
Consistent, accurate, lightning-fast preparation.
Minutes, Not Days
Returns prepared in minutes — not days. Zero manual PDF organizing or data entry required.
Save Hours Daily
Save hours and reduce errors across all returns with intelligent automation.
Stress-Free Season
Transform your busy season experience with faster delivery and reduced pressure on your team.
Maximum Profitability
Boost firm productivity and profit margins while maintaining the highest quality standards.
The DRAFT Workflow
Detect → Retrieve → Analyze → Format → Transmit — a comprehensive automation framework that transforms raw tax documents into structured, accurate, ready-to-import outputs for Form 1040 preparation. AI-driven intelligence combined with tax domain expertise, at every step.
Detect
Intelligent Document Recognition
AI-driven OCR and document classification scan and identify source documents with precision — eliminating time-consuming manual sorting and ensuring comprehensive document coverage.
- Automatic recognition of W-2s, 1099s (all variants), and K-1s — including footnotes
- Detection of brokerage statements and transaction summaries
- Identification of mortgage interest statements (1098)
- Capture of charitable donation receipts and acknowledgments
Retrieve
Precision Data Extraction
Critical data fields are extracted from each identified document with exceptional accuracy — even from complex supplemental statements, so no detail is overlooked.
- W-2: wages, salaries, tips, employer EIN, federal and state withholding
- 1099: dividend income, interest, capital gains distributions, non-employee compensation
- K-1: partnership income, S-corp distributions, shareholder basis adjustments, special allocations
Analyze
Validation & Quality Assurance
Every extracted dataset passes through a rigorous validation layer before it moves downstream in the preparation workflow.
- TIN cross-verification across all documents for consistency
- Total reconciliation of reported totals against detailed line items
- Missing-document detection from prior-year returns and taxpayer profile patterns
- Mismatch identification between related documents
- Pre-filing validation for accuracy and completeness
Format
Tax-Software-Compliant Structuring
Extracted data is organized into clean templates that align perfectly with your tax software's import standards — XML, DAT, TXT, Excel, AX, and beyond. The exact file format required, with standardized field mapping and complete audit trails.
Transmit
Seamless Integration & Delivery
Ready-to-import files delivered in multiple formats: XML mappings for direct system integration, Excel spreadsheets for review and manual adjustments, and PDFs for print-ready packages — configured for immediate e-filing or staged for preparer review.
The DRAFT dividend, in numbers
90%
Time Reduction
Less manual data entry and document handling
99%
Accuracy Rate
Consistent validation and error detection
5x
Scalability
Capacity to process more returns per season
By reducing manual effort, increasing reliability, and supporting scalable operations, 1040WIZZ empowers tax preparation teams to focus on high-value advisory services while maintaining the highest standards of compliance and client satisfaction.
* Based on a return with 40 pages of source documents. Manual preparation vs prepared using 1040WIZZ in CCH Axcess.
Works with the software you already use
CCH Axcess
Native XML integration with field-level mapping for direct import into CCH Axcess Tax.
GoSystems
Formatted data packages compatible with Thomson Reuters GoSystems Tax RS.
UltraTax CS
Ready-to-import files optimized for the UltraTax preparation platform.
Every tax software has its own import standards — from XML and DAT files to TXT, Excel, AX, and beyond. 1040WIZZ generates the exact file format required, so you can smoothly import data into any supported tax software without manual adjustments.
Let AI handle the repetitive work.
1040WIZZ empowers tax professionals to reclaim their time and elevate their practice — while your team focuses on what truly matters: clients and growth.
Talk to Us About 1040WIZZStreamline Workflows
Eliminate redundant tasks and create efficient, repeatable processes that scale with your firm.
Reduce Burnout
Protect your team during peak season with automated solutions that handle the heavy lifting.
Improve Accuracy
Deliver faster turnaround times with consistently accurate data extraction and validation.
Increase Profitability
Expand profitability and advisory capacity by reallocating resources to high-value client services.
Ready to automate your tax season?
Fixed-fee pricing. Technical accuracy. A partner that scales with your firm — from first organizer to final e-file.