Abstract: Technologies for summarizing tax documents that include an unstructured portion, such as K1 filings. The system extracts data from both the structured information, such as a K1 facepage, and unstructured information, such as whitepaper statement(s). The system includes machine learning model(s) to determine the information to be extracted from the unstructured information. The machine learning model(s) generate a confidence level associated with the extracted unstructured information that represents a prediction on how likely the extracted unstructured information was accurately extracted. The system generates a document in an electronic interchange format that represents both the structured and unstructured information in the analyzed tax document.

Abstract: Technologies for digitally exchanging federal, state and/or international tax data between K-1 recipients and K-1 producers. This exchange may be a repository of all necessary data elements required for a partnership to provide to its partners as well as all required data that a partner is required to provide to a partnership. The exchange may be accessible via secured portal and data is transmitted through trusted connections between producers and receivers. In some embodiments, a standard K-1 file format (.K-1X) and schema for all tax output received by 15 different legal entity types is provided.

Abstract: Technologies for summarizing tax documents that include an unstructured portion, such as K1 filings. The system extracts data from both the structured information, such as a K1 facepage, and unstructured information, such as whitepaper statement(s). The system includes machine learning model(s) to determine the information to be extracted from the unstructured information. The machine learning model(s) generate a confidence level associated with the extracted unstructured information that represents a prediction on how likely the extracted unstructured information was accurately extracted. The system generates a document in an electronic interchange format that represents both the structured and unstructured information in the analyzed tax document.