What is Data Extraction?

Data extraction identifies and captures specific information from a document in a structured format.

Explanation

For tax-resolution preparation, extracted items might include income, expenses, account balances, or dates from client records. The preparer should compare values with the source, check their context and period, and resolve unclear items before using them in an IRS collection form.

In Rima's preparation workflow

Rima helps surface values from client financial documents for form preparation, with flagged items available for case-manager review.

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Related Terms

OCR (Optical Character Recognition)

Technology that turns text in scanned documents or images into machine-readable text.

Data Provenance

Information about where a value came from and how it was prepared.

Data Validation

Checking extracted information against sources and expected requirements.

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See how Rima helps prepare client information for IRS collection forms and routes the work for human review.

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