CADE System Processes More Than 25 Percent of All 2007 Individual Returns To DateEL SEGUNDO, Calif., March 26 -- Computer Sciences Corporation (NYSE: CSC) today announced that the Customer Account Data Engine (CADE), the cornerstone of the IRS Modernization program, has set a record by processing more than 15 million individual tax returns through March 7, 2008 – more than 25 percent of the total processed to date by the IRS for the 2007 tax season.
“Through extraordinary teamwork, CSC and the IRS have worked relentlessly and with unwavering determination to deliver an important milestone for this critical component of our nation’s modernized tax processing system,” said James W. Sheaffer, president of CSC’s North American Public Sector business unit. “Together, we have achieved success in improving the effectiveness of our nation’s tax administration capability.”
CADE is being implemented in a series of releases, each improving on and adding to system capabilities. The current release, deployed to production in January, permits CADE to process certain 1040, 1040A and 1040EZ forms, as well as schedules C, E and F for Form 1040 and a number of other IRS schedules such as the Earned Income Tax Credit.
The number of tax returns processed this year by CADE has already exceeded the 11.2 million returns the system handled last year.
About CSCComputer Sciences Corporation is a leading information technology (IT) services company. CSC’s mission is to be a global leader in providing technology-enabled business solutions and services.
With approximately 91,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC’s own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. CSC reported revenue of $16.1 billion for the 12 months ended Dec. 28, 2007. For more information, visit the company’s Web site at
www.csc.com.
