Tax and planning tools now plug into Claude and ChatGPT for advisors

Two software companies that financial advisors use are plugging their tools into popular AI assistants. TaxStatus, which supplies IRS data that clients approve, and Nitrogen, which makes planning software, now work inside Claude, ChatGPT and Microsoft Copilot. For clients, that means an advisor can type a question and get an answer drawn from your tax and planning data.

What changed

TaxStatus, based in Dallas, released a Client Connector. It lets compatible AI assistants answer questions about one client or a firm's whole client list. It is built on the Model Context Protocol, an open standard for linking AI assistants to outside tools. Support for Copilot depends on where supported connections are enabled.

Nitrogen, based in Auburn, California, made its tools available inside Claude and ChatGPT. Advisors can also use its Nucleus agent in Slack and Microsoft Teams. Nitrogen says it has permission controls and no extra charge for current Nucleus users.

What the tools do

TaxStatus also launched Discovery. It runs more than 160 automated checks across a firm's authorized clients, sorted into 11 categories such as tax, retirement, estate and insurance. The data blends what clients report on their returns with what employers, banks and brokerages file with the IRS. Because those filings name the institution, a firm can estimate how much of a household's wealth it manages. TaxStatus says most firms find more than 2.5 times the assets and accounts they now oversee.

The checks can also flag sales of digital assets reported on Form 1099-DA that never made it onto a tax return. Nitrogen added Tax Multiview, which compares tax scenarios side by side, and a bracket-filling feature in its Roth conversion calculator. It also linked up with meeting tools Contio and Zocks.

Privacy and control

The privacy claims come from TaxStatus. It says every data request is logged with its purpose. It says firms decide which tools receive the data. It also says access requires each client's authorization.

• Each client must approve access to their IRS data.
• Every request is logged with its purpose.
• Firms choose which AI tools can see the data.

The bigger trend

A 2026 Schwab Advisor Services study of independent advisors points the same way. Adding AI tools to daily work was the most common investment firms planned to support growth over the next three years. Advisors expect to use AI for research and analysis (81%) and document drafting (79%). Two-thirds (67%) expect less time on administrative work. Only 7% said they use AI that can make decisions and take actions on its own.

What is not known yet

The material does not say what these tools cost, how many firms use them, or how any firm will handle client data day to day. The 2.5 times figure is TaxStatus's own claim. Clients who want to know how their information is handled can ask their advisor directly.