Point of sale tax reporting and automatic collection system with tax register
First Claim
1. A point of sale tax reporting system comprising:
- at least one tax register located at a retailer location, said at least one tax register for processing consumer sales transaction data at the retailer location and computing sales tax data to be paid to the retailer by the consumer based on the amount of a sale, said at least one tax register forwarding said transaction data and said sales tax data to a first remote location;
a printer located at the retailer location and in communication with said at least one tax register, said printer for printing consumer receipts, said receipts having listed thereon the computed sales tax paid to the retailer by the consumer;
a first computer and corresponding first memory disposed at said first remote location, said first computer and memory for receiving and storing said forwarded transaction and sales tax data; and
a first communication link connecting said tax register at said retailer location to said first computer and memory at said first remote location, said first communication link for permitting said tax register to forward said transaction and sales tax data to said first computer and memory whereby said transaction and sales tax data from the retailer is stored at said first remote location in order to help enforce tax laws and prevent retailers from avoiding the payment to the government of collected sales tax.
3 Assignments
0 Petitions
Accused Products
Abstract
A point of sale tax reporting and automatic collection system including a smart tax register located at a retailer location. The retailer smart register processes consumer transactions and calculates the amount of sales tax due the retailer by the consumer for each transaction. Following the transaction, the consumer requests and is give a tax paid receipt. After the sales tax is paid to the retailer by the consumer, the register either immediately or periodically forwards the amount of the transaction and the amount of sales tax collected by the retailer to a computer and memory located at a remote location (e.g. state government taxing authority). The computer and memory receive and store the retailer'"'"'s transaction and sales tax information, and report same to the Internal Revenue Service at least once a year. After receiving the retailer'"'"'s sales tax information, the computer accesses and debits an account belonging to the retailer, the amount debited corresponding to the amount of sales tax collected by the retailer. In sum, the system automatically reports all retailer transactions and sales tax collected by retailers from consumers to local and federal government authorities and then automatically collects the sales tax amounts from retailer accounts so as to prevent retailers from turning over the collected sales tax. A tax paid receipt is given to each consumer as evidence that the tax paid will be turned over to the proper authorities.
-
Citations
17 Claims
-
1. A point of sale tax reporting system comprising:
-
at least one tax register located at a retailer location, said at least one tax register for processing consumer sales transaction data at the retailer location and computing sales tax data to be paid to the retailer by the consumer based on the amount of a sale, said at least one tax register forwarding said transaction data and said sales tax data to a first remote location; a printer located at the retailer location and in communication with said at least one tax register, said printer for printing consumer receipts, said receipts having listed thereon the computed sales tax paid to the retailer by the consumer; a first computer and corresponding first memory disposed at said first remote location, said first computer and memory for receiving and storing said forwarded transaction and sales tax data; and a first communication link connecting said tax register at said retailer location to said first computer and memory at said first remote location, said first communication link for permitting said tax register to forward said transaction and sales tax data to said first computer and memory whereby said transaction and sales tax data from the retailer is stored at said first remote location in order to help enforce tax laws and prevent retailers from avoiding the payment to the government of collected sales tax. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
-
-
10. A method of automatically reporting sales tax paid by consumers to a retailer, the method comprising the steps of:
-
the consumer purchasing a good or service from said retailer; at least one retailer register calculating the base sales cost and the corresponding sales tax owed the retailer by the consumer; the retailer collecting the calculated sales tax from the consumer; The register printing a consumer receipt using a printer, said consumer receipt having listed thereon the amount of sales tax paid to the retailer by the consumer; the register forwarding as sales tax data the amount of sales tax paid to the retailer by the consumer to a first computer located at a first remote location; said first computer receiving and storing said sales tax data in a first memory at said first remote location; and repeating the above steps so that said first memory is periodically updated with sales tax data from the retailer whereby the amount of sales tax paid to the retailer by consumers is stored and summed by said computer at said first remote location. - View Dependent Claims (11, 12, 13, 14)
-
-
15. A retailer tax register for automatically reporting collected sales tax data, the tax register comprising:
-
means for processing retail transactions and recording the amount of sales tax collected; and means for automatically forwarding collected sales tax data to a remote location in order to help enforce tax laws and prevent retailers from avoiding payment to the government of collected sales tax. - View Dependent Claims (16, 17)
-
Specification