Method for managing tax return information

• US 8,645,237 B2
• Filed: 08/13/2007
• Issued: 02/04/2014
• Est. Priority Date: 10/26/1998
• Status: Expired due to Fees

• Current Assignee: Revenue Realization LLC
• Original Assignee: Revenue Realization LLC
• Inventors: Baker, Samuel R.
• Primary Examiner(s): Gart, Matthew
• Assistant Examiner(s): PARIKH, HARSHAD R
• Application Number:
  US11/838,117
• Publication Number:
  US 20080082432A1
• Time in Patent Office: 2,367 Days
• Field of Search: 705/31, 705/19
• 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 process that arranges information warehoused at individual accounting and tax preparation firms at a central location for the purpose of marketing information. Data contained at these firms have qualitative and quantitative characteristics that are different from data archived at the Internal Revenue Service or other tax authorities. This fact makes the data valuable as data in two ways. First the data can be exchanged to provide new revenue streams. Secondly, these data, if grouped into data warehouses of other firms, has value as pure data, not just customer lists. These data may be sold or rented creating additional revenue streams for their originators. The purchasers of this bulk data are interested in using this data in the field of data mining. Data mining is a technique of analyzing vast amounts of information to uncover relationships to predict events and has wide application in many areas of the economy.

Claims

1. A method in a data processing system for managing tax return information, the method comprising the steps of:

receiving information collected in conjunction with preparation of a tax return via a non-tax compliance submission from one or more non-tax compliance authority tax data sources,

storing said information on an electronic memory storage device communicatively coupled with one or more computer processors,

receiving a request from a requesting party for data from the information stored on the electronic memory storage device,

determining whether the requested data comprises identifying information that identifies a tax filer, and

when it is determined that the requested data does not comprise identifying information, providing the requested data from the information stored on the electronic memory storage device to the requesting party or to an end user designated or determined by the requesting party.

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

3. 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.

4. 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.

5. 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.

6. 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.

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

receiving information collected in conjunction with preparation of a tax return via a non-tax compliance submission from one or more non-tax compliance authority tax data sources;

storing the information on an electronic memory storage device communicatively coupled with one or more computer processors,

receiving a request from a requesting party for data from the information stored on the electronic memory storage device regarding a taxpayer;

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

when it is determined that the requesting party or the designated end user has authority to receive the taxpayer'"'"'s information, allowing the requesting party to electronically transfer the information from a computer server operatively connected to the one or more computer processors or transmitting the information to the designated end user.

8. The method for managing tax return information according to claim 7, wherein the step of receiving information is performed via the internet.

9. The method for managing tax return information according to claim 7, further comprising the step of generating revenue by charging a fee for retrieving and sending the requested data to the requesting party.

10. The method for managing tax return information according to claim 7, wherein the information is provided to the requesting party free of charge and wherein this service generates good will.

11. The method for managing tax return information according to claim 7, further comprising the step of providing a computerized processing method for collecting a fee for providing the information to the requesting party.

12. The method for managing tax return information according to claim 7, wherein said requesting party is said taxpayer.

13. The method for managing tax return information according to claim 12, wherein the end user is said taxpayer.

14. An apparatus for managing tax return information at a non-tax compliance authority, the apparatus comprising:

a network connection for receiving electronic information relating to the preparation of a tax return via a non-tax compliance submission from at least one non-tax compliance authority source for one or more tax payers,

at least one electronic memory storage device on which a portion of the electronic information obtained from the at least one non-tax compliance authority source is stored,

said network connection also for receiving an electronic request from a requesting party for at least a subset of data from the information, or an additional network connection for receiving an electronic request from a requesting party for at least a subset of data from the information,

a processor programmed to determine whether the requesting party or a designated end user is authorized to receive the requested information, either automatically or via at least one input and, in the event the requesting party or such a designated end user is authorized to receive the requested information, transmit the requested information to such a designated end user.