Patent ID: 7379907

Claim:
A program controlled system for transmitting tax related data to a selected financial institution, reporting the data and remitting funds corresponding to the data to a selected government authority over an interactive communications network, the program controlled system comprising: a first function for receiving an XML-based transaction request from the program controlled system, wherein the first function receives the XML-based transaction request for purposes of computation of at least one of sales and use tax including at least one of sales and use tax for payments and accruals, verifying the validity of the request and replying to the program controlled system with an XML response; a second function for transforming the transaction request into a master XML-based request file and storing the master request file in a database; a third function for notifying an authorized third party to validate any request requiring approval prior to transmission of the tax related information file to the financial institution; a fourth function for transforming the master XML-based request file to a TXP-based file and locating the file in an outbox for retrieval by the financial institution; a fifth function for permitting the financial institution to securely and automatically retrieve the TXP-based file from the outbox; and a sixth function for securely logging and allowing the third party to review the TXP-based file.