Revenue Discovery Solution

Detect tax fraud and boost revenue with LexisNexis® Revenue Discovery Solutions.
Each year, state and local governments lose millions of dollars in revenue because some individuals fail to file returns, under-report income, or file false claims for tax relief. Many of these individuals assume – often correctly – that their jurisdiction does not have the information and analytical resources to detect their single instance of fraud. Collectively, this population of individual tax evaders owes the jurisdiction a substantial amount of money, including the payment due (absent the original fraud), back taxes, and penalties. When tax evaders are not discovered, law-abiding taxpayers bear the brunt of the fraud, assuming a greater tax burden or going without needed services. LexisNexis Revenue Discovery Solutions provide state and local governments the capability to search billions of public records and leverage industry-leading data analytics to detect fraud, moving one step closer to discovering new revenue sources.

Detect Fraudulent Activity

    Research has shown that as many as 35% of delinquent debtors move each year. The up-to-date, comprehensive Accurint® databases will help tax authorities in your jurisdiction to detect unreported changes to an individual’s homeownership information or status. This powerful tool returns current addresses, unpublished telephone numbers, and even work and business locations.

      Key Indicators Isolate and Flag Suspicious Accounts

        Undiscovered tax fraud slowly siphons away revenue from state and local governments, and enables a false perception of the potential for tax revenue. Detecting fraud has the opposite effect – creating at least three possible new sources of revenue: the amount truly owed, back taxes, and penalties. LexisNexis Revenue Discovery Solutions help state and local governments boost revenue in these tough economic times by detecting common, but not easily discovered, types of tax fraud, including:

         

        Multiple properties

         

        Homestead Exemption flags for additional properties

         

        Age of owner

         

        Death indicator for owner

         

        Property assessment value, sale dates, and sale amount

         

        Residency indicators

         

        Personal property taxes paid by residents

          Accurate and Comprehensive Data

            Comprehensive public and proprietary databases guarantee the most accurate and up-to-date information. With LexisNexis Revenue Discovery Solutions, state and local governments can leverage one of the largest databases of identifying information in the U.S. – a master identity repository of over 400 million unique domestic identities.

              Telephone Numbers and/or Addresses

                With LexisNexis Revenue Discovery Solutions, you get what you request, as you tap into multiple telephone sources and multiple person locator directories. Select a single “best” phone number or an extensive waterfall process that will return one or multiple phone numbers and addresses to locate your debtor.

                  Our Revenue Discovery Solution Consultants Understand State and Local Government

                    Dedicated LexisNexis Revenue Discovery Solution consultants are specialists in government revenue analysis and collections processes, so your jurisdiction can be assured that our solutions are best suited to fit your needs. From custom solution development through implementation and beyond, your solution consultant is at your side. And knowing that you have the right party contact information – right out of the gate – instills confidence the in dialing, mailing, and alternative contact strategies that your jurisdiction takes to recover the new revenue that your jurisdiction has discovered.

                    Get it now: for more information about Revenue Discovery, please call (866) 528-0778.

                     

                    The information found in the Revenue Discovery Solution is not a consumer report (as defined in the Fair Credit Reporting Act (FCRA)) and may not be used for any purpose permitted by the FCRA. LexisNexis and the Knowledge Burst logo are registered trademarks of Reed Elsevier Properties Inc., used under license. Other products and services may be trademarks or registered trademarks of their respective companies