Simplify tax-time with digital tools

• We've improved the Schwab Advisor Center^® move money wire workflow to support tax payments. When sending wires to the IRS, we'll give you space to enter your client's taxpayer ID and transfer details including the tax type, year, and month.
   
• Open and fund last-minute IRAs and other accounts in one seamless transaction with digital onboarding. Take advantage of the fastest and most secure way to open, set up, and fund client accounts in a single, fully digital experience. Learn more about how it works for you and your clients.
   
• As the IRS moves away from accepting paper tax payments, process IRA distributions and contributions quickly and securely with the Schwab Advisor Center move money tool. You can download the step-by-step guide to walk through the process. For the most secure method, your client can electronically approve the request. Plus you can easily process qualified charitable distributions with the 7-QCD code for tax elections. This option sets the tax withholding for that transaction to zero, with no impact on the account-level settings and future-dated or recurring transactions.
   
• Track and update the requests and documents you've submitted to Schwab using the Status page in Schwab Advisor Center. The overview page provides a consolidated view of all recent status updates and alerts, making it easy to review and act on requests from a single location. Download the interactive guide to learn how.
   
• Help clients track down their 1099s quickly. Clients with access to Schwab Alliance can download tax forms from the 1099 dashboard, available online or via the mobile app. Have a client who's still not enrolled in Schwab Alliance? Download this visual support guide, which shows you the sign-up process from a client's perspective, so you can guide them through it and answer their questions.
   
• Work to reduce the risk of fraud for your firm and your clients. Tax season is a common time for fraudsters to target advisors and their clients. Make sure you're following cybersecurity best practices and take time to educate your clients with these fraud-prevention tips.
   
• Get ready for tax season with Schwab Data Delivery. This feature shows you the unrealized and realized gain/loss information for each account under a master account. You'll find these reports helpful when planning for end-of-year tax-loss harvesting and identifying shares sold with missing cost basis.
   
• Use Schwab Advisor Center to help manage your clients' giving. For donor-advised fund (DAF) accounts at DAFgiving360, use the Transactions tab to view your clients' charitable accounts. Through Charitable Center, you can recommend grants, research charities, and recommend a reallocation of funds within core accounts.

What you can do next

• Join a live, weekly webcast to see demos of the tools that can help you streamline tax season.
• Click the "Looking for help?" menu at the top of Schwab Advisor Center pages and choose the Tax Resources tab to be guided through tax season processes such as downloading your clients' 1099s in bulk.
• Explore Schwab's Tax Center, a resource for advisors to assist clients during tax season 2025.