Lending Analysis does not work properly with Federal Tax Returns 1040

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Hi Team, We have been trying to work with Federal Tax Returns 1040 documents. We were given the suggestion to use the Lending Analysis API and using this will yield better results. As per our requirements we need to get the details like Tax Filing Year and Dependent Details (Son/daughter/parent), but we could not see the Filing Year and Dependent Details from the JSON response. We tried with different documents, and it was still the same.

Could you please suggest us a better way of working with FTRs as we need the above-mentioned details too.

asked a year ago309 views
1 Answer
1
Accepted Answer

Hello,

Thank you for contacting us and for using Amazon Textract.

I understand that you are trying to work with Federal Tax Returns 1040 documents and passing them through the Lending Analysis API in Amazon Textract and cannot see the Filing Year and Dependent Details from the JSON response.

I was able to replicate the issue you're facing. Analyze Lending is a managed intelligent document processing API that fully automates the classification and extraction of information from loan packages. Customers simply upload their mortgage loan documents to the Analyze Lending API and its pre-trained machine learning models will automatically classify and split by document type, and extract critical fields of information from a mortgage loan packet.

I would suggest that AnalyzeDocument would be a more appropriate API to pass through your documents into. I tested AnalyzeDocument with a few example Federal Tax Returns 1040 documents, and it was able to extract the filing year as well as the dependents information correctly. You can also use the StartDocumentAnalysis job for this purpose.

  1. Create a new Amazon Textract client.
  2. Call the StartDocumentAnalysis operation to initiate an analysis of your tax return document.
  3. Wait for the analysis to complete.
  4. Call the GetDocumentAnalysis operation to get the results of the analysis.
  5. The GetDocumentAnalysis response will contain a JSON object with the extracted information. The TaxFilingYear and DependentDetails fields will contain the information you are looking for.

I hope these suggestions help you extract the Tax Filing Year and Dependent Details from your FTRs. However, if you require further investigation on this issue, please feel free to cut a support ticket and provide more detail about your account information and script/config and we'd be glad to assist you further.

Please open a support case with AWS using the link:

https://console.aws.amazon.com/support/home?#/case/create

Thank you

AWS
SUPPORT ENGINEER
answered a year ago

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