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Practice Management > Building Your Business

Judy Diamond Launches New API to Verify Tax ID Data

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Judy Diamond Associates, an ALM Intelligence Benefits division, has launched a new application program interface that allows CPAs, tax and finance professionals to append and verify employee identification number, or EIN, data instantly.

ALM Intelligence is a unit of ALM, the company that publishes ThinkAdvisor.

Judy Diamond recently upgraded the research and verification capabilities of its EIN Finder database to allow integration with a variety of platforms and allows users to “append and verify EIN data instantly.”

The IRS recently announced it is redacting details such as the full EIN and business name from tax transcripts to improve the security of taxpayer data.

EIN Finder allows individuals to verify business identities or complete various tax forms (1099s, 1040 and 990s).

Since the API can be connected to multiple systems, it creates a more efficient workflow that is easily scalable to a client’s specific needs, Judy Diamond explains.

“Businesses and individuals file tax returns every year and are charged a standard fee for incorrect information, which makes finding accurate data critical to business operations,” said William Moomaw, senior product manager at ALM Intelligence.

“EIN Finder allows our customers to know these businesses are real. Additionally, automating access to our database saves our clients time, reduces fraud rates, and supports KYC (Know Your Customer) compliance programs.”

Users have the ability to search different criteria such as EIN, business names, “Doing Business As” (DBA) status, as well as a three-tier confidence score system.

Plans are in place to begin adding additional data sets beginning with the federal Form 5500, Judy Diamond explains.

“EIN Finder has been a core part of our business for almost 20 years, growing from a few thousand EINs to well over 10 million unique IRS-verified EIN references over 22 million different business names,” said Eric Ryles, vice president of Custom Solutions at ALM Intelligence. “By offering this data through an API, we’re providing an integrated solution for anyone who needs to make sure that their EIN data is clean before they get fined by the IRS.”


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