Computerized system for reporting and encouraging reporting of income/tips by sole proprietors, independent contractors and employing of cash based businesses and method thereof
A method for reporting cash transactions comprises: registering with the federal and local government as a cashed based business; reporting of cash transaction by the cash based business at designated time frames; offering benefits by the federal and local government to the cash based business for accurate reporting of cash transactions; and accessing a penalty to the cashed based business if reporting of cash transactions by the cash based business is not done by the designated time frame.
1. A computerized system for encouraging a user to report data to a tax collecting agency, the system comprising:
a computerized network system comprising at least one user taxi cab meter, at least one tax collecting entity computer, and a verification computer;
wherein, the at least one user taxi cab meter is configured to prompt the user to enter an identification number into the at least one user taxi cab meter;
and wherein, the at least one user taxi cab meter is configured to receive the identification number input by the user and transmit the identification number input by the user via the network connection to the verification computer;
and wherein, the at least one user taxi cab meter is configured to prompt the user to enter gross income received by the user, and further configured to prompt the user to enter vehicle usage data relating to a vehicle, display the vehicle usage data to the user, and confirm the vehicle usage data, and transmit the gross income received and vehicle usage data to the at least one tax collecting entity computer;
and wherein the at least one tax collecting entity computer is configured to receive from the at least one user taxi cab meter via the computer network system the vehicle usage data input by the user and further configured to provide a calculated estimate of gross income based on the-vehicle usage data;
and wherein the system is further configured to derive a difference between the gross income the calculated estimate of gross income;
entering, by the user, vehicle usage data relating to a vehicle into the at least one user taxi cab meter;
entering into the at least one user taxi cab meter, by the user, gross income received relating to the vehicle:
calculating, by the at least one tax collecting agency computer, an estimated amount of income; and
transmitting the vehicle usage data to the at least one tax collecting entity computer.
2. The computerized system of claim 1 wherein the computerized system comprising at least one user taxicab meter is further configured to provide to the user a benefit when the difference is less than a preselected amount.
3. The computerized system of claim 2 wherein the benefit comprises medical coverage.
4. The computerized system of claim 2 wherein the benefit comprises retirement income.
5. A computerized method enabling a user to report vehicle usage data to a tax collecting agency, the method comprising: providing the user with at least one user taxi cab meter; providing the tax collecting agency with at least one agency computer; providing a verification computer; prompting a the user to enter an identification number into the at least one user taxi cab meter; receiving, by the at least one user taxi cab meter, the identification number input by the user; verifying the identification number, by the verification computer, by comparing the identification number against a list of known valid identification numbers; entering, by the user, vehicle usage data relating to a vehicle into the at least one user taxi cab meter; entering into the at least one user taxi cab meter by the user, gross income received relating to the vehicle; calculating, by the at least one tax collecting agency computer, an estimated amount of income; and transmitting the vehicle usage data to the at least one tax collecting entity computer.
6. The computerized system of claim 5 , wherein the vehicle usage data comprises a mileage of the vehicle.
7. The computerized method of claim 5 , wherein the vehicle usage data comprises an amount of tips with respect to the vehicle.
8. The computerized system of claim 5 , wherein the vehicle usage data comprises a time and a date of use of the vehicle.
9. The computerized system of claim 5 , further comprising determining the accuracy of the amount of tips with respect to the vehicle by comparing the amount of tips to the reasonable estimated amount of tips transmitted to the one or more tax collecting entity computers.