초록 ▼

Electronic data processing system for preparation of electronically filed tax returns and authorization and payment of refunds based on the data supplied in those returns. Electronic data processing programs are provided for creating an electronic tax return that is filed with a tax collecting autho

Electronic data processing system for preparation of electronically filed tax returns and authorization and payment of refunds based on the data supplied in those returns. Electronic data processing programs are provided for creating an electronic tax return that is filed with a tax collecting authority. At the same time as the electronic tax return is created a loan application is processed to create an electronic deposit/loan account for the tax filer at an authorized credit institution. As early as the day after completion of the tax return and loan application, the tax filer receives initial refund payment from the loan account. The authorized credit institution electronically files the electronic tax return with the tax collecting authority which processes the return and transfers by electronic fund transfer the refund amount to the deposit/loan account at the authorized credit institution. Any refund in excess of the initial refund payment is then forwarded to the tax filer. Provision is also made for checking the credit worthiness of the tax filer.

대표청구항 ▼

An electronic data processing system for preparing income tax returns and authorizing refund loans comprising: (a) at least one programmable electronic data processing means for executing programmed arithmetic and logical processes and storing data; (b) at least one input means for inputting tax pre

An electronic data processing system for preparing income tax returns and authorizing refund loans comprising: (a) at least one programmable electronic data processing means for executing programmed arithmetic and logical processes and storing data; (b) at least one input means for inputting tax preparer data, tax return data and loan application data to said at least one data processing means; (c) program means executable by said at least one data processing means for processing said tax preparer data and said tax return data and creating electronic tax return data files; (d) program means executable by said at least one data processing means for processing loan application data and creating deposit/loan account files at an authorized financial institution; (e) program means executable by said at least one data processing means for processing said tax return data files and said deposit/loan account files and for transmitting electronic tax return data to at least one electronic data processing means contolled by at least one tax collecting authority and for authorizing receipt by said credit institution of electronic funds transfer data from at least one electronic data processing means controlled by at least one tax collecting authority; and (f) program means executable by said at least one data processing means for processing said tax return data files and said deposit/loan account files and authorizing payment by said financial institution of a tax refund loan amount from said deposit/loan account whereby said payment may be made prior to tax return processing and refund payment by said tax collecting authority.