Magnetic

Agentic AI tax preparation service for CPA firms that automates full 1040 data entry with multi-document reasoning and human CPA review.

magnetictax.com

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About

Magnetic is an AI tax prep agent for CPA firms that reads diverse document types—handwritten notes, Excel schedules, IRS forms, prior-year files, and receipts—using VLMs and OCR to reason across all documents simultaneously. The agent enters data directly into major tax software via a computer-use protocol, preserving file history and formatting. US-based licensed EAs and CPAs review every return before delivery, and a final automated pass cross-checks all figures against source documents. Magnetic is a product of Magnetic.

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1040 tax return preparationmulti-state K-1 processingtax document OCRreducing CPA review timedata entry automation for tax software