Benefits
Detect Fraud with New Visibility
LexisNexis Revenue Discovery Solution helps government agencies detect fraud by increasing visibility into taxpayers and their assets. All too often, assessors, appraisers, and related tax authorities simply lack access to the public records or identity-related information needed to comprehensively view the taxpayer and his or her assets. While some agencies use data warehouses to search for fraud, the warehouses are of limited value because they gather data from relatively few public records and in-house tax data sources—on average 40-50 databases. As a result, jurisdictions do not have the complete taxpayer picture that is needed to detect fraud. LexisNexis Revenue Discovery Solution provides access to over 20,000 LexisNexis data sources and leverage advanced search technology so that state and local governments can analyze large volumes of taxpayer data and detect tax fraud.
Boost Revenue by Detecting Fraud
Undiscovered tax fraud slowly siphons away revenue from agencies, 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 Solution helps agencies boost revenue by detecting common, but not easily discovered, types of tax fraud, including:
- False claims for tax refund requests
- False claims for homestead exemptions
- Avoiding income taxes on long-term property
- Failing to pay hospitality taxes on short-term rental agreements
- Avoiding payment of capital gains taxes
- Failing to pay taxes on luxury assets
Get it now: for more information about Revenue Discovery, please call (866) 528-0778.
Features
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 This powerful tool returns current addresses, unpublished telephone numbers, and even work and business locations.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 Solution, agencies 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.
Our Revenue Discovery Solution Consultants Understand State and Local Government
Dedicated LexisNexis® Revenue Discovery Solution Consultants are specialists in the fraud detection and collections processes, so you’re assured of solutions best suited to fit your agency’s needs. From custom solution development through implementation and beyond, your solution consultant is at your side. Knowing you have the right solution –right out of the gate – instills confidence in your fraud detection and collection strategies. Read more about the benefits of our Revenue Discovery Solution.
Get it now: for more information about Revenue Discovery, please call (866) 528-0778.