Texas firm expands N.Y. tax-return work

Dec. 7, 2012 at 5:23 PM
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KINGSTON, N.Y., Dec. 7 (UPI) -- A Texas outsourcing firm contracted by New York to process state income-tax returns will expand and hire up to 250 more people, officials said Friday.

SourceHOV LLC of Dallas, which processes state returns in New York City and Binghamton, will expand in January to a clean-technology hub in Kingston, between New York City and Albany, the company and Ulster County said.

The employees, occupying 40,000 square feet of office space, will handle document conversion and data capture for about 11 million New Yorkers' state tax returns, County Executive Michael Hein said.

A Hein statement didn't indicate if the jobs were full- or part-time or if they were permanent or seasonal. It also didn't explain the reason for the expansion. A SourceHOV representative told United Press International no executive was available to answer questions.

SourceHOV Business Process Solutions President Suresh Yannamani said in a statement the company "looks forward to getting its new operation up and running."

The announcement of the new operation came less than a year after Bank of America Corp. shut down a state income-tax processing center in Kingston that employed 100 full-time and 900 seasonal workers.

SourceHOV, a $480 million firm with 12,500 employees, was formed in a 2011 merger of SourceCorp Inc. and HOV Services Ltd. It operates in 25 U.S. states and six North American, Asian and Pacific Rim countries, the company's website indicates.

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