IRS Form 1040

Automate form 1040 data extraction with Docsumo’s intelligent OCR API

With Docsumo’s intelligent OCR technology, process data from 1040 form much faster with improved accuracy. Smooth data extraction with smart validation, better turnaround time, and minimal setup requirement.

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Challenge

Businesses have to go through a number of 1040 forms for tax purposes. These forms are, often, processed manually which takes a long time and a lot of human resources.

Despite this manual processing, it is not free of errors that creates the requirement of an extra layer of verification, which in turn, increases the business expenditure.

Solution

With Docsumo, free up your essential resources by automating 1040 form processing with 99% accuracy.

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Standard fields that are extracted

You can easily add, delete and move any field.

Basic Details

Filing Status

Name

Address

Occupation

Social Security Number (SSN)

Occupation

Spouse’s Details

Identity Protection PIN

Income Details

Tax-exempt Interest

Taxable Interest

Qualified Dividends

Ordinary Dividends

IRA Distributions

Pensions and Annuities

Social Security Benefits

Taxable Amount

Tax Details

Child Tax Credit

Self-employed Tax

Earned Income Credit (EIC)

Routing Number

Account Number

Amount You Owe

Docsumo Advantage

70%

Cost Reduction

Halve your cost of operations when processing 50k+ statements/month.

< 30 sec

Processing Time

Reduce turnaround time from hours to minutes.

99%+

Accuracy

Reduce manual errors and get precise data

Enter your metrics to find out how Docsumo can add value!

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Tell us where you are today

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This is what your document processing operations could look like tomorrow

Based on real benchmarks from Docsumo customers, this is what we project for you and your team.

80 %

Straight through
Processing

$ 0

Total Cost
Reduced

< 30 sec

Average
processing time

0 hrs

Total time
saved

$300k

Projected ROI

Features

Build an automated tax filing solution within minutes. Scan 1040 forms and extract information in real-time without needing technical skills or coding.

Amazingly Fast Processing

It takes less than a minute to import a document, process it, extract all data fields from it and send the data to other apps.

Batch Uploads

Simply drag and drop documents from your local disk to upload your files in batches. You can also use our API or cloud integrations to automatically import your documents.

Easily Download Data

Docsumo converts PDF to CSV, Excel, JSON and XML files formats. You can download extracted data for any date range in the format you like.

Extract Tables

Extract multipage tabes from PDF bank statements and convert them to excel or JSON data for downstream processing.

Integrate with API or Webhooks

Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.

Smart Filters

Apply filters for dates, numbers and other regular expressions to extract data in desired format.

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Watch Docsumo in action

We’d love to show you how you can increase your productivity, process your documents faster and save operations cost!