METHOD FOR MANAGING TAX RETURN INFORMATION

• US 20080082432A1
• Filed: 08/13/2007
• Published: 04/03/2008
• Est. Priority Date: 10/26/1998
• Status: Active Grant

• Current Assignee: Revenue Realization LLC
• Original Assignee: Revenue Realization LLC
• Inventors: Baker, Samuel
• Granted Patent: US 8,645,237 B2
• Time in Patent Office: Days
• US Class Current: 705/31
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/123 Tax preparation or submission
• CPC Class Codes: Y10S 707/99933 Query processing, i.e. searching

Abstract

A communication link is established between a first processor and a receiving processor located at a central data repository. Tax return information in electronic form are then downloaded to the central data repository. The electronic tax information is then converted into a new standard electronic document having a standard format. The new standard electronic document is then sent into a first database where it is sorted and stored with the other standard electronic documents. A first copy of the standard electronic document is then sent through a filtering process in which all the data fields containing identifiable data such as names, social security codes, identification numbers, and street address are removed creating an electronic data mining document. The electronic data mining document is then sent to a second database where the data mining document is sorted and stored with other electronic data mining documents.

Claims

1. A method for managing tax return information, comprising the steps of:

receiving information necessary to prepare a tax return via a non-tax compliance submission from one or more tax data sources,

receiving a request from a requesting party for data from the information,

determining whether the requested data comprises identifying information; and

if the requested data does not comprise identifying information, providing the requested data to the requesting party.

5. The method for managing tax return information according to claim 1, further comprising the step of storing the information in a central database.

6. The method for managing tax return information according to claim 1, wherein the step of providing the requested data comprises loading the requested data directly into a system of the requesting party.

8. The method for managing tax return information according to claim 1, further comprising the step of generating revenue by charging a fee for retrieving and sending the requested data to the requesting party.

11. The method for managing tax return information according to claim 1, wherein the information is provided to the requesting party free of charge and wherein this service generates good will.

14. The method for managing tax return information according to claim 1, further comprising the step of providing a computerized processing method for collecting a fee for providing the information to the requesting party.

2. A method for managing tax return information, comprising the steps of:

receiving information necessary to prepare a tax return from one or more tax data sources,

receiving a request from a requesting party for data from the information, wherein the requesting party is not a government agency,

determining whether the requested datat comprises identifying information; and

if the requested data does not comprise identifying information, providing the requested data to the requesting party.

7. The method for managing tax return information according to claim 2, wherein the step of providing the requested data comprises loading the requested data directly into a system of the requesting party.

9. The method for managing tax return information according to claim 2, further comprising the step of generating revenue by charging a fee for retrieving and sending the requested data to the requesting party.

12. The method for managing tax return information according to claim 2, wherein the information is provided to the requesting party free of charge and wherein this service generates good will.

15. The method for managing tax return information according to claim 2, further comprising the step of providing a computerized processing method for collecting a fee for providing the information to the requesting party.

3. A method for managing tax return information, comprising the steps of:

receiving information necessary to prepare a tax return from one or more tax data sources;

providing the information on a computer server,

receiving a request from a requesting party for information regarding a taxpayer;

determining whether the requesting party has authority to receive the taxpayer'"'"'s information; and

if the requesting party has authority to receive the taxpayer'"'"'s information, allowing the requesting party to electronically download the information from the computer server.

4. The method for managing tax return information according to claim 3, wherein the step of receiving information is performed via the internet.

10. The method for managing tax return information according to claim 3, further comprising the step of generating revenue by charging a fee for retrieving and sending the requested data to the requesting party.

13. The method for managing tax return information according to claim 3, wherein the information is provided to the requesting party free of charge and wherein this service generates good will.

16. The method for managing tax return information according to claim 3, further comprising the step of providing a computerized processing method for collecting a fee for providing the information to the requesting party.