With tax season in full swing, we are excited to announce that we have launched TaxDoX™.
The new e-signature solution was created specifically to allow tax preparers to digitally sign and send tax documents securely through the cloud, while meeting IRS compliance standards for authentication, consent, tamper-proofing, non-repudiation and document retention.
The ready-made solution combines heightened identity authentication for remote signing with the power of SIGNiX’s Independent E-Signature™ technology, which permanently embeds the legal evidence of an e-signature into a signed document for long-term security.
“Tax preparers desperately need a way to purge volumes of paper during tax season while simultaneously mitigating the risk for compromising clients’ personal information,” said Jay Jumper, CEO of SIGNiX. “That balance isn’t easily found—but because our TaxDoX™ technology uses the highest levels of standards-based encryption, public key infrastructure, tamper-proof technology and identity authentication, tax documents become more secure through this process. This opens the door for tax preparers to fearlessly transition their practices into the digital space.”
TaxDoX™ also adds convenience and expediency to the tax preparation process. When documents are signed and filed online, tax returns are processed and returned sooner. And tax preparation customers can sign documents anywhere at anytime with TaxDoX™, because it deploys e-signature services for both in person and remote signing.
For those who don’t meet with tax preparers face-to-face, TaxDoX™ automatically initiates IRS-mandated Knowledge-Based Authentication, which requires signers to answer a series of questions pulled from decades of information found in public databases that isn’t easily found online or in someone’s wallet—such as property ownership or vehicle registration.
The technology also provides a highly granular level of tracking and monitoring through comprehensive audit trail services. This provides both tax preparers and their clients a complete history of each event within the signing process—from start to finish.
“TaxDoX™ can be accessed on any computer or mobile device, so there’s nothing to download or install. We’re pleased to make the current tax season easier and safer for preparers and their customers,” Jumper said.