Form 1040 Schedule C, Profit or Loss from Business (Sole Proprietorship)
Extracts key data from Form 1040 Schedule C documents. The Form 1040 Schedule C, Profit or Loss from Business Skill has been trained on a smaller set of documents. The most important data fields are defined and labeled. Customers can use this skill as a starting point to label additional required fields, for further training the skill based on incoming documents, or to adjust business rules to their own requirements.
Use of Schedule C (Form 1040) is intended to report income or loss from a business you operated or a profession you practiced as a sole proprietor.
Benefits
- The model is trained to automatically detect fields on 1040 Schedule C forms and extracts relevant data (name and address, SSN, EID, etc.)
- Can be augmented by human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information.
- Framework Document Skills provide a quick-start basis for conducting proof of concept and automating document-centric processes, without wasting time to train a new skill from the ground up.
Documentation
Contributor: ABBYY
| Name | Version | Date |
|---|---|---|
| Form 1040 Schedule C, Profit or Loss from Business (Sole Proprietorship) | 10.0 | 15.05.2023 |
| Updated model. | ||
| Form 1040 Schedule C, Profit or Loss from Business (Sole Proprietorship) | 1.0 | 06.12.2022 |
| Upgraded technology core to v2.0. | ||