Press Release 7-29-05

RSI Wins Data Warehousing Component of Nevada Department of Taxation UTS Project

July 29, 2005. Pembroke, MA – The Nevada Department of Taxation has selected Revenue Solutions, Inc. (RSI) and the DiscoverTax® product for the data warehousing component of their multi-phase Unified Tax System (UTS) Project.

The project team, comprised of RSI, Taxation and prime vendor staff, will install DiscoverTax® and use the package’s data loading tools and tax data warehouse to load several of the State’s internal and external data sources. Once the data has been loaded, the DiscoverTax® business intelligence tools will be used to configure and implement a compliance program aimed at identifying non-registrants, and managing the case workflow and correspondence generation associated with the identified leads. Future phases of the project involve the development of a compliance program aimed at identifying and managing under-reporting taxpayers, and a compliance program aimed at managing audit leads through the audit lifecycle. The absence of Income Taxes in Nevada presents an opportunity for the development of some unique business tax related compliance programs for the State.

DiscoverTax® is a Commercial Off The Shelf (COTS) software package developed specifically to combat the growing compliance “tax gap.” DiscoverTax® provides tax agencies with a state-of-the-art tax data warehouse solution which interconnects data from multiple sources creating a single entity or portfolio view of a business or individual taxpayer. These comprehensive taxpayer portfolios increase the overall effectiveness of an agency’s compliance initiatives by targeting agency resources to truly non-compliant accounts, resulting in accurate and revenue maximizing detection and recovery of tax dollars. The DiscoverTax® system components support all phases of the compliance lifecycle from data loading and lead selection to case management, audit support and recovery.

###