Methods, Systems, and Computer Program Products for Processing and/or Preparing a Tax Return and Initiating Certain Financial Transactions

Abstract

A tax return is processed by receiving tax information associated with a taxpayer where the tax information is in a plurality of formats. The tax information is converted into a common electronic format. A determination is made whether the tax information is sufficient to generate a tax return therefrom. A tax return is generated if the tax information has been determined to be sufficient.

1 - 26 . (canceled) 
     
     
         27 . A method of processing a tax return, comprising:
 receiving tax information associated with a taxpayer;   evaluating the accuracy of the tax information;   confirming the accuracy of the tax information with the taxpayer;   processing the tax information to generate a tax return;   presenting the taxpayer with options for receiving value responsive to the taxpayer being entitled to a tax refund based on the generated tax return; and   presenting the taxpayer with options for paying a tax responsive to the taxpayer owing a tax based on the generated tax return.   
     
     
         28 . The method of  claim 27 , wherein evaluating the accuracy of the tax information comprises:
 determining if any of the tax information is missing;   determining if any of the tax information is inconsistent;   determining if any of the tax information is incorrect; and/or   determining if any of the tax information is irrelevant.   
     
     
         29 . The method of  claim 28 , further comprising:
 querying the taxpayer to obtain new tax information to remedy any of the missing, inconsistent, and/or incorrect tax information.   
     
     
         30 . The method of  claim 27 , wherein confirming the accuracy of the tax information comprises:
 displaying the tax information for the taxpayer; and   receiving confirmation from the taxpayer that the tax information is correct.   
     
     
         31 . The method of  claim 27 , wherein the tax information is in a plurality of formats, the method further comprising:
 converting the tax information into a common electronic format.   
     
     
         32 . The method of  claim 31 , further comprising:
 establishing an account with a financial institution responsive to the taxpayer being entitled to the tax refund based on the generated tax return.   
     
     
         33 . The method of  claim 27 , further comprising:
 presenting at least one alternative tax strategy to the taxpayer.   
     
     
         34 . The method of  claim 27 , further comprising:
 presenting a targeted advertisement to the taxpayer.   
     
     
         35 . The method of  claim 27 , further comprising:
 providing communication access to a person who specializes in tax preparation in real time.   
     
     
         36 . The method of  claim 27 , further comprising:
 identifying the taxpayer using biometrics.   
     
     
         37 - 41 . (canceled)