Refund purchase system

A system for automatically evaluating an anticipated tax refund for purchase based on a tax return for a taxpayer, comprising:

• a database comprising information on a plurality of authorized return originators and corresponding return originator accounts and respective sets of information on a plurality of taxpayer accounts, wherein said database further comprises at least one master rate table having a plurality of purchase option factors and at least one risk table having a plurality of risk factors;
• an electronic document repository comprising at least one offer-to-sell template and at least one release authorization template;
• a computer processor receiving from one of said authorized return originators a set of demographic information and a corresponding set of tax return information on a taxpayer account, wherein said tax return information includes at least one refund amount, wherein said computer processor receives at least one purchase option factor from said master rate table and uses said purchase option factor to determine a proposed sell price for at least a portion of said refund amount to be offered for sale, wherein said computer processor populates said offer-to-sell template with said proposed sell price, said refund portion offered for sale, and said demographic information, wherein said computer processor populates said release authorization template with said demographic information and wherein said computer processor associates an electronic signature with said populated offer-to-sell template and said populated release authorization template to form authenticated records, said electronic signature uniquely identifying the taxpayer corresponding with said taxpayer account;
• a server providing a networked communication interface, wherein said authorized return originators access said return originator accounts in said database through said networked communication interface, wherein said server receives from said computer processor said tax return information, said proposed sell price, said refund portion offered for sale, and said electronic signature for said offer-to-sell template and said release authorization template, wherein said server determines a risk associated with paying said proposed sell price for said refund portion, and wherein said server compares said risk with a risk tolerance criteria retrieved from said risk factors in said database.

A system for automatically evaluating an anticipated tax refund for purchase based on a tax return for a taxpayer, comprising:

• a database comprising information on a plurality of authorized return originators and corresponding return originator accounts and respective sets of information on a plurality of taxpayer accounts, wherein said database further comprises at least one master rate table having a plurality of purchase option factors and a risk table having a plurality of risk factors, said risk factors comprising a threshold risk criteria and a plurality of risk tolerance criteria, wherein a first set of purchase option factors is comprised of at least one refund portion factor and a second set of purchase option factors is comprised of a plurality of discount rate factors;
• an electronic document repository comprising at least one offer-to-sell template and at least one release authorization template;
• a computer comprising a display, a processor, a storage memory and a recording device, wherein said processor receives from one of said authorized return originators a set of demographic information and a corresponding set of tax return information on a taxpayer account, wherein said tax return information includes at least one anticipated refund amount, an income amount and information on claimed dependents, wherein said processor receives said refund portion factor and at least one discount rate factor from said master rate table and uses said refund portion factor and said discount rate to determine a range of refund portions of said anticipated refund amount to be offered for sale and a range of sell prices for said corresponding range of refund portions respectively, wherein said processor populates said offer-to-sell template with said range of sell prices, said corresponding range of refund portions, and said demographic information, wherein said processor populates said release authorization template with said demographic information, wherein said processor creates a digital signature uniquely identifying the taxpayer associated with said taxpayer account, said digital signature comprising an electronic signature and an authentication from a digital certificate, wherein said processor produces authenticated records comprising said digital signature associated with said populated offer-to-sell template and associated with said populated release authorization template, wherein said processor activates said recording device during a live time period when said populated offer-to-sell template and said populated release authorization are shown on said display and while the taxpayer reads at least a portion of said authenticated records, wherein said recording device produces a digital recording of the taxpayer during said live time period, and wherein said processor saves said digital recording to said storage memory;
• a server providing a networked communication interface, wherein said authorized return originators access said return originator accounts in said database through said networked communication interface, wherein said server receives from said processor said tax return information, said range of sell prices, said range of corresponding refund portions, and said digital signature for said authenticated records, wherein said server coordinates a threshold risk evaluation based on an FMS debt check and said threshold risk criteria, wherein said server determines a set of calculated risk scores associated with paying said range of sell prices for said corresponding range of refund portions, wherein said server compares said set of calculated risk scores with said risk tolerance criteria, wherein said server identifies at least one acceptable offer having a sell price in said range of said sell prices based on said set of calculated risk scores, wherein said server receives an approved tax return report for the tax return, wherein said server authorizes a payment corresponding with said acceptable offer to the taxpayer when both a predetermined FMS debt status satisfies said threshold risk criteria and at least one calculated risk score in said set of calculated risk scores is within an allowable risk level in said risk tolerance criteria and after receiving said approved return report, and wherein said predetermined FMS debt status is a threshold risk determined independently from said set of calculated risk scores and is obtained pursuant to a release authorization obtained from said authorized records.