# US 2014/0207633 A1 · System for transactional prediction and estimation

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- Number: US 2014/0207633 A1
- Document ID: US20140207633A1
- Status: Published application
- Kind: A1
- Application number: 13/747,568
- Filed: 2013-01-23
- Published: 2014-07-24
- Earliest claimed: 2013-01-23
- Assignees: Outright, Inc.
- Applicants: Outright Inc.
- Inventors: Steven Philip Aldrich; Benjamin Max Curren; Laurel Kate Lee
- Web page: https://patentgrep.com/patent/US20140207633A1

## CPC

- G06Q 30/018: Certifying business or products
- G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR

## Abstract

A system for transactional prediction and estimation is presented. The system can include at least one server computer communicatively coupled to a network. The at least one server computer is configured to assemble at least one of transactional data and financial data acquired from at least one online transaction partner of a transaction source, and generate a predicted regulatory reporting obligation based on the at least one of transactional data and financial data. Upon determining the predicted regulatory reporting obligation includes a regulatory reporting about the transaction source by the at least one online transaction partner, the at least one server computer is configured to generate a report of estimated financial reporting data including potential expenses incurred by the transaction source.

## Claims

### Claim 1

A system comprising:
at least one server computer communicatively coupled to a network, the at least one server computer being configured to:
a) assemble at least one of transactional data and financial data acquired from at least one online transaction partner of a transaction source, wherein the transaction source and the at least one online transaction partner are separate entities;
b) analyze the at least one of transactional data and financial data to determine whether a predetermined threshold has been reached;
c) generate a predicted regulatory reporting obligation based on step b); and
d) upon determining the predicted regulatory reporting obligation includes a regulatory reporting about the transaction source by the at least one online transaction partner, generate a report of estimated financial reporting data including potential expenses incurred by the transaction source and indicating the potential expenses as reducing a gross financial total of the regulatory reporting about the transaction source by the at least one online transaction partner.

### Claim 2 (depends on 1)

The system of claim 1, wherein the predetermined threshold includes a threshold number of transactions in the transactional data or a threshold amount of revenue in the financial data.

### Claim 3 (depends on 1)

The system of claim 1, wherein the predetermined threshold includes a threshold number of transactions in the transactional data and a threshold amount of revenue in the financial data.

### Claim 4 (depends on 1)

The system of claim 1, wherein, when step b) fails, the predicted regulatory reporting obligation is negative.

### Claim 5 (depends on 1)

The system of claim 1, wherein the report of estimated financial reporting data indicates a transaction total for each of a plurality of data sources.

### Claim 6 (depends on 1)

The system of claim 1, wherein the at least one server computer is configured to format the report of estimated financial reporting data for use by a regulatory agency.

### Claim 7 (depends on 6)

The system of claim 6, wherein the at least one server computer is configured to transmit the report of estimated financial reporting data formatted to match an internal revenue service (IRS) form 1099-K.

### Claim 8 (depends on 1)

The system of claim 1, wherein the at least one server computer is configured to prompt for an adjustment transaction.

### Claim 9 (depends on 8)

The system of claim 8, wherein the at least one server computer is configured to, after receiving the adjustment transaction, modify the report of estimated financial reporting data in accordance with the adjustment transaction.

### Claim 10

A system, comprising:
at least one server computer communicatively coupled to a network, the at least one server computer being configured to:
a) assemble at least one of transactional data and financial data acquired from at least one online transaction partner of a transaction source;
b) generate a predicted regulatory reporting obligation based on the at least one of transactional data and financial data; and
c) upon determining the predicted regulatory reporting obligation includes a regulatory reporting about the transaction source by the at least one online transaction partner, generate a report of estimated financial reporting data including potential expenses incurred by the transaction source.

### Claim 11 (depends on 10)

The system of claim 10, wherein the transaction source and the at least one online transaction partner are separate entities.

### Claim 12 (depends on 10)

The system of claim 10, wherein the report of estimated financial report data indicates the potential expenses as reducing a gross financial total of the regulatory reporting about the transaction source by the at least one online transaction partner.

### Claim 13 (depends on 10)

The system of claim 10, wherein generating a predicted regulatory reporting obligation includes analyzing the at least one of transactional data and financial data to determine whether a predetermined threshold has been reached.

### Claim 14 (depends on 13)

The system of claim 13, wherein the predetermined threshold includes a threshold number of transactions in the transactional data or a threshold amount of revenue in the financial data.

### Claim 15 (depends on 13)

The system of claim 13, wherein the predetermined threshold includes a threshold number of transactions in the transactional data and a threshold amount of revenue in the financial data.

### Claim 16 (depends on 10)

The system of claim 10, wherein the report of estimated financial reporting data indicates a transaction total for each of a plurality of data sources.

### Claim 17 (depends on 10)

The system of claim 10, wherein the at least one server computer is configured to format the report of estimated financial reporting data for use by a regulatory agency.

### Claim 18 (depends on 17)

The system of claim 17, wherein the at least one server computer is configured to transmit the report of estimated financial reporting data formatted for use by a regulatory agency to the regulatory agency.

### Claim 19 (depends on 10)

The system of claim 10, wherein the at least one server computer is configured to prompt for an adjustment transaction.

### Claim 20 (depends on 19)

The system of claim 19, wherein the at least one server computer is configured to, after receiving the adjustment transaction, modify the report of estimated financial reporting data in accordance with the adjustment transaction.