Automate Document Extraction for Additional Credits and Payments

The platform purpose-built for AI-powered unstructured data extraction for all kinds of income tax documents.

Automate document field extraction. Eliminate manual, error-prone, and non-scalable processes.

Unstract utilizes the latest AI to extract crucial data from complex insurance documents without requiring template creation or training. It assists in capturing any necessary field for your accounting workflows.

The fastest, safest, and the most modern way to extract data from Additional Credits and Payments.

Talk to us today! Schedule a demo that is customized around your document processing automation needs.

Supported Income Tax Documents for Data Extraction

Unstract is a no-code platform that lets you automate income tax document processing workflows at any scale. Unstract leverages cutting-edge AI to surpass the current capabilities of Intelligent Document Processing.

IRS 1040 individual income tax return
IRS 1099 income other than wages, salaries
IRS 1098 mortgage interest statement
IRS form W-1 income tax withheld on wages
IRS form W-2 wage and tax statement
IRS form W-3 gambling winnings
IRS Form W-4 tax withholding
IRS Form 1120 schedule UTP
Form 990 exempt from income tax
Form 941 quarterly tax return
Form 942 tax return for household employees
Form 943 annual federal tax return

IRS income tax form 915
Form 501 dependents, standard deduction, and filing information
Form 502 resident income tax return
IRS tax form 514
Form 5500 employee benefit plan report
Form 941 employer's quarterly federal tax return
IRS tax Form W-6
Form W-7 application for taxpayer identification number
Form 929 report foreign taxes paid
Form 936 home mortgage interest deduction
Form 970 use LIFO inventory method
Form 971 innocent spouse relief

Purpose-built for tax document processing workflows.

Get started in minutes, not months. It’s that easy.

Seamless integration with your workflows. Our APIs and connectors have you covered.

APIs

Unstract abstracts all the complexities behind building and managing the AI technology stack. Choose the document type, POST the document to the Unstract API and get beautifully structured JSON back!

ETL Pipelines

Ingest data from any source or even multiple sources — Dropbox, S3 Object Storage, data lakes and more. Unstract’s ETL Pipeline integrations can help structure unstructured data documents and move data into your data warehouse.

ETL Pipelines

BENEFITS

Why choose unstract for Income tax document processing

Operational efficiency

Reducing the manual activity in document extraction leads to a faster time to tax processing

Increased accuracy

Better accuracy in the data extraction helps streamline tax reporting workflows

Customer satisfaction

Reducing human-in-loop touchpoints helps minimise delays and results in faster customer complaint resolution.

Automated Compliance

Unstract helps ensure that the extracted data adheres to established compliance standards and legal requirements.

Increase profitability

Faster turnaround times, reduced manual labour, and improved predictability in scaling help cut costs and improve profits.

Smarter Decisions

Extracting relevant data that is always trustworthy helps mitigating tax risk and boost operational efficiency

Operational efficiency

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Less human touchpoints

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Extraction accuracy

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Frequently Asked Questions

If you have any questions or uncertainties about extracting information from Additional Credits and Payments, please don’t hesitate to reach out to us. Our team is available for a no-obligation consultation to address your concerns and provide clarification.

Why Unstract? Why should I use it instead of the legacy Intelligent Document Processing(IDP) tools?

Unstract fully leverages AI to rethink document processing from the ground up.  One of the most common uses of LLMs is to go beyond what traditional IDP can do when it comes to structuring unstructured documents. However, there are a lot of challenges in getting this done right, from extraction of text data from PDFs, scanned images or other formats to prompt engineering, evaluation and integration with existing systems. This very specific use case is where Unstract can help teams move really fast by doing the heavy lifting in this fast-changing ecosystem. Unstract lets engineers concentrate on implementing core business workflow automation.

How can I get started with Unstract for insurance document processing automation?

We recommend taking a free 14-day trial of Unstract. You can also schedule a 1-on-1 demo with our experts.

How can I test Unstract’s income tax document extraction API?

We would recommend taking a free 14-day trial of Unstract.

Is my data secure with Unstract?

Unstract adheres to the strict rules and regulations of various compliance frameworks. We are SOC 2, ISO, GDPR, and HIPAA compliant. For those seeking to self-host Unstract on-premise, you can leverage the power of Unstract while maintaining full ownership of your data, infrastructure, and security.

How much does Unstract cost for Additional Credits and Payment document processing?

We have simple, open pricing for all your complex document processing needs. The pricing is based on the total number of pages processed.

Does Unstract support parsing scanned, photographed income tax documents using OCR?

Yes, Unstract supports parsing scanned and photographed income tax documents using OCR

How quick is setting up and integrating Unstract with my existing workflows?

The fastest way to integrate Unstract is through document extraction APIs. Unstract also has out-of-the-box connectors that let you integrate with your source storage and destination databases.

Secure and Compliant, Always

Unstract adheres to the strict rules and regulations of various compliance authorities. Rest assured, we have policies, systems, and processes to ensure that your data is always safe, secure, and private.