Extract complex tax returns and financial statements in seconds.
OCR and financial table recognition for every commercial tax schedule, with each extracted figure cited to its form, schedule and line number.
| Field | Value | Conf. |
|---|---|---|
| L1a · Gross receipts or sales | $4,911,300 | 0.97 |
| L2 · Cost of goods sold | $3,307,200 | 0.98 |
| L3 · Gross profit. Subtract line 2 from line 1c | $1,604,100 | 0.99 |
| L7 · Compensation of officers | $265,000 | 0.97 |
| L8 · Salaries and wages | $671,200 | 0.98 |
| L13 · Rents | $186,000 | 0.71 ↗ review |
| L14 · Depreciation | $92,300 | 0.97 |
| L21 · Ordinary business income | $292,800 | 0.98 |
Every commercial schedule
Form 1120-S (S-Corps), Form 1065 (partnerships and LLCs), Form 1120 (C-Corps), Schedule C (sole proprietors) and Form 1040 with Schedules B, D and E for personal returns. K-1s are matched to their parent returns automatically.
Scanned, tilted, stamped
Advanced table recognition reads skewed phone-camera scans, fax-grade PDFs and returns stamped by the preparer. Fields below the confidence threshold are routed to a one-click review queue instead of silently guessed.
Automatic reconciliation
Assets must equal liabilities plus equity. Schedule L must tie to Schedule M-1 and M-2. Officer compensation on page 1 must match Form 1125-E. LoanPacket checks every internal tie-out and flags discrepancies before a lender does.
Interim and bank statements
QuickBooks and Xero P&L exports and 6 to 12 months of bank statement PDFs are parsed into monthly deposit series and compared to reported revenue, surfacing seasonality and unexplained variances.
Specification
- Supported forms
- 1120-S, 1065, 1120, 1040, Sch C/E/D/B, K-1, 1125-E, 4562
- Field accuracy
- 99.8% on commercial schedules
- Extraction time
- Under 90 seconds per 3-year set
- Source citation
- Form · schedule · line on every figure
- Bank statements
- Monthly deposits, NSF, average balance
- Export
- Structured JSON, Excel, LoanPacket spread
Precision CNC Machining Inc. · 3-year 1120-S set
- 1Broker drops 3 scanned 1120-S returns, 2 personal 1040s and 12 months of statements into the deal.
- 2Extractor identifies 3 fiscal years, 2 guarantors and 4 K-1 recipients; 312 fields captured, 4 routed to review.
- 3Reconciliation flags Schedule L retained earnings off by $1,850 versus M-2; broker resolves from the preparer's amended return.
- 4Monthly deposits ($4.86M) reconcile to reported gross receipts ($4.91M) within 1.1%; variance documented in the memo.
Questions
Yes. Preparer stamps, signatures and margin notes are detected and masked before table recognition runs. Handwritten figures are supported, but any field under the confidence threshold is sent to review rather than accepted.
LoanPacket lists every expected schedule for the form type and marks missing ones, generating a borrower document request you can send directly.
Every figure is editable. Corrections are logged with the user, timestamp and original value so the audit trail stays complete.
Package your next loan in 15 minutes instead of 3 weeks.
Upload a set of sample tax returns and generate a complete, lender-ready credit memo on your first day.