TRANSACTION TAX SETTLEMENT IN PERSONAL COMMUNICATION DEVICES
First Claim
1. A method, comprising:
- sending, by a computing device for managing tax information and to a tax information system, a tax information request for the tax information, wherein the request comprises transaction information related to a first transaction, wherein the transaction information comprises location information associated with the first transaction;
receiving, by the computing device and from the tax information system, the tax information, wherein the tax information comprises at least one of an identification of a taxing authority authorized to impose a tax on the first transaction;
a calculated tax for the first transaction;
a tax calculation for the first transaction; and
a tax rate for the first transaction; and
communicating, by the computing device, the tax information to at least one of a buyer associated with the first transaction and a seller associated with the first transaction.
4 Assignments
0 Petitions
Accused Products
Abstract
A transactional tax settlement system for use with a personal communication device is provided. The system has particular usefulness in determining a taxing authority and calculating a tax rate imposed by the taxing authority in a communication network environment. The system may be used to determine a tax authority and corresponding tax rate for a buyer/seller transaction over a network, e.g., the Internet. The system may also be used to determine a tax authority and corresponding tax rate in a mobile telecommunications network, e.g., a cellular phone. The system includes a tax information system for determining the taxing authorities and corresponding tax rates by evaluating factors pertaining to the transaction such as, location, tax status, and transaction description. In addition, the tax information system may validate a payment modality, collect taxes, and account for the transaction.
11 Citations
26 Claims
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1. A method, comprising:
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sending, by a computing device for managing tax information and to a tax information system, a tax information request for the tax information, wherein the request comprises transaction information related to a first transaction, wherein the transaction information comprises location information associated with the first transaction; receiving, by the computing device and from the tax information system, the tax information, wherein the tax information comprises at least one of an identification of a taxing authority authorized to impose a tax on the first transaction;
a calculated tax for the first transaction;
a tax calculation for the first transaction; and
a tax rate for the first transaction; andcommunicating, by the computing device, the tax information to at least one of a buyer associated with the first transaction and a seller associated with the first transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a computing device for managing tax information, cause the computing device to be capable of performing operations comprising:
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sending, by the computing device and to a tax information system, a tax information request for the tax information, wherein the request comprises transaction information related to a first transaction, wherein the transaction information comprises location information associated with the first transaction; receiving, by the computing device and from the tax information system, the tax information, wherein the tax information comprises at least one of an identification of a taxing authority authorized to impose a tax on the first transaction; a calculated tax for the first transaction;
a tax calculation for the first transaction; and
a tax rate for the first transaction; andcommunicating, by the computing device, the tax information to at least one of a buyer associated with the first transaction and a seller associated with the first transaction.
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26. A computing device comprising:
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a processor for managing tax information, a memory configured to communicate with the processor, the memory having instructions stored thereon that, in response to execution by the processor, cause the processor to be capable of performing operations comprising; sending, by the processor and to a tax information system, a tax information request for the tax information, wherein the request comprises transaction information related to a first transaction, wherein the transaction information comprises location information associated with the first transaction; receiving, by the processor and from the tax information system, the tax information, wherein the tax information comprises at least one of an identification of a taxing authority authorized to impose a tax on the first transaction;
a calculated tax for the first transaction;
a tax calculation for the first transaction; and
a tax rate for the first transaction; andcommunicating, by the processor, the tax information to at least one of a buyer associated with the first transaction and a seller associated with the first transaction.
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Specification