Patent ID: 8332274
Filing Date: 2012-12-11
Classification: G06Q

Abstract:
1. A method performed by a computer for calculating transactional tax computations, wherein the computer being configured to cause data processing circuitry of a networked computing device to perform tax calculation operations, the method comprising the steps of: converting by the computer a transaction in a first format to an invoice containing at least one line item; associating at least one address with the line item; validating the line item as having at least one valid address; associating the valid addresses with at least one zone to produce an enhanced line item; using the zone to associate the enhanced line item with at least one authority; using the authority associated with the enhanced line item to determine at least one jurisdiction determination method associated with the authority; using the authority and line item to determine if any exceptions apply to the line item; applying by the computer any identified exceptions to the line item; associating at least one tax rule with the line item; associating a tax rate with the tax rule; applying by the computer the tax rate to the line item; storing the result of applying the tax rate in a central storage; outputting the result of applying the tax rate; and converting the result of applying the tax rate to a format for transmission.