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SurePrep (1040SCAN)
OVERVIEW:
SurePrep (by Thomson Reuters) is the industry leader in “scan-and-populate” technology for tax professionals. Its 1040SCAN tool uses patented AI to extract data from tax source documents and push it directly into professional tax software.
TOP FEATURES:
• AI Document Verification: Automatically verifies data for over 65% of standard tax documents (W-2s, 1099s) with nearly 100% accuracy.
• Standardized Workpaper Index: Organizes scanned documents into a hyperlinked digital binder that follows the exact order of the tax return.
• SPbinder Integration: A reviewer tool that includes tick marks and cross-references to make the tax review process 50% faster.
THE TRADE-OFF:
It is a professional-grade tool designed to integrate with high-end tax software; it is not for the DIY taxpayer.
PRICING:
Per-return or subscription pricing; typically requires a sales demo for firm-wide implementation.
THE VERDICT:
The “must-have” productivity tool for tax experts who want to eliminate data entry and survive busy season.
