System and method for capturing sales tax deduction information from monetary card transactions

摘要

Systems and methods are provided for managing sales tax information. The information may be generated, for example, in connection with transactions involving financial accounts, such as a credit card account. The sales tax information may be received electronically from, for example, a merchant or a point of sale device. A determination may be made whether there is any missing sales tax information. If there is missing information a request may be generated and sent to a source having the information. The source may receive the request, retrieve the desired information, and transmit it to the requesting entity. The sales tax information may be stored and later retrieved for presentation to a user, such as the account holder. The account holder may use the information in completing a tax return.

主权项

1. A system for managing sales tax information associated with purchases made using a financial account, the system comprising one or more computer processors collectively programmed to:
receive, from a merchant system via a network, transaction information associated with a transaction made with a merchant using the financial account, wherein the transaction information is received at the time of the transaction and used to process the transaction, the transaction information comprising a first portion of sales tax information for the transaction; determine a second portion of sales tax information associated with the transaction information, wherein the second portion of sales tax information is different from the first portion of sales tax information generate a request for data associated with the second portion of sales tax information, wherein the request is transmitted to at least one of: a customer device or a merchant device; receive the data associated with the second portion of sales tax information from at least one of: the customer device or the merchant device; generate a request for the second portion of sales tax information based on the received data associated with the second portion of sales tax information; and transmit, via an application interface, the second portion of sales tax information to a tax preparation application, wherein the application interface allows the second portion of sales tax information to be formatted and populated in a tax return.