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Title: The Compliance Bureau: Ensuring Proper Claims and Monitoring Taxpayer Accounts in New Mexico

The Compliance Bureau plays a crucial role in tracking all New Mexico bankruptcy cases, ensuring that proper claims are filed to recover payment for any debt owed to the state. Additionally, the group monitors taxpayer accounts for compliance with filing and payment requirements.

The Bureau conducts econometric analyses of tax data, reviews legislation and regulations, and collaborates with vendors in the development of datasets and models for audit and compliance purposes. This allows them to identify taxpayers who must register, those who are potential candidates for lien and levy activities, and verify income and identity for New Mexico Personal Income Tax returns.

Group 2 is responsible for statistical analysis software design, data analysis, and presentation of statistical summaries. They build models for audit selection and help in the prevention of fraud. The group also reports on procedures and test results to senior management.

Meanwhile, Group 1 defines IT projects, coordinates with the business side and Information Technology, and tests projects. The team makes recommendations to improve business procedures and provides statistical analyses and summaries to senior management.

One of the key tasks of the Compliance Bureau is building models that aid in audit selection and fraud detection. They design datasets for audit, compliance, and tax research purposes, analyze audit, collections, and economic data, and collaborate with vendors to create and enhance models.

Efrain Data Analytics and Analysis team takes it a step further by integrating data analysis into everyday functions and decisions. By doing so, they enable informed decision-making and ensure that the Compliance Bureau's efforts are focused on achieving its goals effectively.

Overall, the Compliance Bureau plays a vital role in ensuring compliance with tax laws and regulations in New Mexico. Their work is critical to recovering payment for debts owed to the state and monitoring taxpayer accounts.

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