Tax Preparers + Divorce Proceedings: The Challenge
As tax preparer, preparing bank statements for divorce proceedings is a common but time-consuming task. Divorce financial disclosure (Form E) requires detailed bank statement analysis. Solicitors and clients need to review months of transactions to identify assets and spending.
How BankScan AI Helps Tax Preparers with Divorce Proceedings
Convert client bank statements to organized Excel spreadsheets in seconds — verify W-2 income, find deductible expenses, and prepare returns faster during tax season. For divorce proceedings specifically, BankScan AI extracts Hidden income, undisclosed accounts, transfers to third parties, luxury spending automatically.
How Tax Preparers Handle Divorce Proceedings
When preparing bank statements for divorce proceedings, tax preparers need to Tax preparers collect bank statements alongside W-2s, 1099s, and expense receipts during client intake. They review statements to verify reported inco. BankScan AI automates the data extraction step.
Key terms you'll encounter: W-2 matching, 1099 reconciliation, Schedule C, itemized deductions.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload 12 months minimum, often 2-3 years for asset tracing and establishing spending patterns during the marriage of statements for divorce proceedings.
AI extracts what you need
Our AI extracts Hidden income, undisclosed accounts, transfers to third part — formatted for tax preparers workflows.
Complete your divorce proceedings work
Download Excel files ready for divorce proceedings. Organised by account with running totals, suspicious transactions highlighted, summaries matching Form E sections (income, liabilities, expenditure)
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Tax Preparers — Divorce Proceedings
- Built for Tax Preparers — Saves 15-20 minutes per return on income verification and expense identification, adding up to 8-12 hours per week during peak tax season
- Software compatible — Output works directly with TurboTax Pro, Drake Tax, TaxSlayer Pro
- Built for Divorce Proceedings — Convert bank statements to searchable Excel spreadsheets for Form E preparation, asset tracing, and financial disclosure in divorce proceedings.
- Key data extracted — Hidden income, undisclosed accounts, transfers to third parties, luxury spending, dissipation of assets, regular savings contributions, mortgage payments
Compliance: Tax Preparers + Divorce Proceedings
When tax preparers prepare bank statements for divorce proceedings, specific compliance requirements apply.
- Tax preparers must obtain a PTIN from the IRS and comply with due diligence requirements under IRC Section 6695. Paid preparers must sign returns and include their PTIN. State-level requirements vary, with some states requiring registration, testing, or continuing education. IRS e-file mandates apply to preparers filing more than 10 returns.
- Legal basis: Family Procedure Rules 2010 Part 9; duty of full and frank financial disclosure established in Livesey v Jenkins [1985]
Divorce Proceedings — Built for Tax Preparers
Form E must be filed by the court deadline, typically 35 days after the directions order; late disclosure can result in adverse cost orders
Try Free — Tax Preparers + Divorce Proceedings