Risk scoring system and method for risk-based data assessment
View Patent ↗Systems, methods, and computer program products are provided for determining risk. In one exemplary embodiment, there is provided a method for determining risk. The method may include receiving historical information relating to tax return data of a taxpayer. The method may also include updating one or more profiles associated with the historical information. The method may also include receiving current information relating to tax return data of the taxpayer. The method may also include querying the updated historical information based on the received current information. The method may further include processing historical information, received in response to the querying, together with the current information to generate one or more risk scores.
1. A computer-implemented method for determining risk, the computer including a processor and memory, and the method comprising:
Receiving, using the processor, historical information relating to tax return data of a taxpayer;
updating, using the processor, one or more profiles associated with the historical information;
receiving, using the processor, current information relating to tax return data of the taxpayer;
querying, using the processor, the updated historical information based on the received current information;
processing, using the processor, historical information, received in response to the querying, together with the current information; and
generating, using the processor, one or more risk scores in response to processing the historical information together with the current information.
2. The method of claim 1 , wherein the one or more profiles include at least one of either a client profile, a preparer profile, an employer profile, a payment distribution profile, and a transaction segment profile, or any combination thereof.
3. The method of claim 2 , further comprising:
determining, using the processor, one or more profiles that are relevant to the current information based on the querying.
4. The method of claim 1 , further comprising:
comparing, using the processor, the one or more risk scores to a risk score threshold; and
determining, using the processor, and based on the comparing, if the one or more risk scores exceeds the risk score threshold.
5. The method of claim 4 , further comprising:
transmitting, using the processor, an alert, if at least one of the one or more risk scores exceeds the risk score threshold.
6. The method of claim 1 , wherein the historical information includes tax return data associated with one or more previously filed tax returns.
7. A computer-readable recording medium storing a computer-executable program which, when executed by a processor, performs a method for determining risk comprising:
Receiving historical information relating to tax return data of a taxpayer;
updating one or more profiles associated with the historical information;
receiving current information relating to tax return data of the taxpayer;
querying the updated historical information based on the received current information;
processing historical information, received in response to the querying, together with the current information; and
generating one or more risk scores in response to processing the historical information together with the current information.
8. The computer-readable recording medium of claim 7 , wherein the one or more profiles include at least one of either a client profile, a preparer profile, an employer profile, a payment distribution profile, and a transaction segment profile, or any combination thereof.
9. The computer-readable recording medium of claim 8 , further comprising:
determining one or more profiles that are relevant to the current information based on the querying.
10. The computer-readable recording medium of claim 7 , further comprising:
comparing the one or more risk scores to a risk score threshold; and determining, based on the comparing, if the one or more risk scores exceeds the risk score threshold.
11. The computer-readable recording medium of claim 10 , further comprising:
transmitting an alert, if at least one of the one or more risk scores exceeds the risk score threshold.
12. The computer-readable recording medium of claim 7 , wherein the historical information includes tax return data associated with one or more previously filed tax returns.
13. A system for determining risk, comprising:
a risk scoring center in communication with one or more clients including data, wherein the risk scoring center includes a processor and a memory, the memory including instructions which, when executed on the processor perform a method, the method comprising:
receiving the data from at least one of the one or more clients, the data including historical information relating to tax return data of a taxpayer;
updating one or more profiles associated with the historical information;
receiving current information relating to tax return data of the taxpayer;
querying the updated historical information based on the received current information;
processing historical information, received in response to the querying, together with the current information; and
generating one or more risk scores in response to processing the historical information together with the current information.
14. The system of claim 13 , wherein the one or more profiles include at least one of either a client profile, a preparer profile, an employer profile, a payment distribution profile, and a transaction segment profile, or any combination thereof.
15. The system of claim 14 , wherein the risk scoring center: determines one or more profiles that are relevant to the current information based on the querying.
16. The system of claim 13 , wherein the risk scoring center:
compares the one or more risk scores to a risk score threshold; and
determines, based on the comparison, if the one or more risk scores exceeds the risk score threshold.
17. The system of claim 16 , wherein the risk scoring center:
transmits an alert if at least one of the one or more risk scores exceeds the risk score threshold.
18. The system of claim 13 , wherein the historical information includes tax return data associated with one or more previously filed tax returns.
19. An apparatus for determining risk comprising:
A processor; and
A memory coupled to the processor configured with instructions which, when executed on the processor, perform a method for determining risk, the method comprising:
receiving historical information relating to tax return data of a taxpayer;
updating one or more profiles associated with the historical information;
receiving current information relating to tax return data of the taxpayer;
querying the updated historical information based on the received current information;
processing historical information, received in response to the querying, together with the current information; and
generating one or more risk scores in response to processing the historical information together with the current information.
20. The apparatus of claim 19 , the method further comprising:
comparing the one or more risk scores to a risk score threshold;
determining, based on the comparing, if the one or more risk scores exceeds the risk score threshold; and
transmitting an alert, if at least one of the one or more risk scores exceeds the risk score threshold.