Articles
States Turn to Document Processing to Recover Millions Lost to W-2 Fraud
Advances in Intelligent Character Recognition Tackle Semi-Structured Documents
by Laurie Hunter-Manning
Strategies for Success - July 2010
Like clockwork at the start of each new year, sometime after the ball has dropped, the confetti has been cleaned up and the hangovers have subsided, businesses across the U.S. embark on their annual ritual of mailing a small, multi-copy paper form to each of their employees - the Form W-2 wage and Tax Statement. As these W-2s arrive with tax returns, federal and state governments struggle to cope with a deluge of paper that exposes them to millions of dollars in fraud annually. Painstaking manual review isn't a practical way to review and reconcile that data on these forms, and traditionally, it has been the only option.