UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


        Date of Report (Date of Earliest Event Reported): March 31, 2005


                              TAG-IT PACIFIC, INC.
               (Exact Name of Registrant as Specified in Charter)


          DELAWARE                    1-13669                   95-4654481
(State or Other Jurisdiction        (Commission              (I.R.S. Employer
      of Incorporation)             File Number)             Identification No.)



              21900 BURBANK BLVD., SUITE 270
                WOODLAND HILLS, CALIFORNIA                       91367
         (Address of Principal Executive Offices)              (Zip Code)



                                 (818) 444-4100
              (Registrant's Telephone Number, Including Area Code)



Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[_]      Written  communications  pursuant to Rule 425 under the  Securities Act
         (17 CFR 230.425)

[_]      Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
         CFR 240.14a-12)

[_]      Pre-commencement  communications  pursuant to Rule  14d-2(b)  under the
         Exchange Act (17 CFR 240.14d-2(b))

[_]      Pre-commencement  communications  pursuant to Rule  13e-4(c)  under the
         Exchange Act (17 CFR 240.13e-4(c))





ITEM 2.02         RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

         On March 31, 2005, Tag-It Pacific,  Inc. (the "Company") issued a press
release  regarding its financial  results for the fourth quarter and fiscal year
ended  December  31,  2004.  A copy of the press  release is attached  hereto as
Exhibit 99.1 and is incorporated herein by this reference. The press release was
filed  inadvertently,  as the Company  continues  discussions  with its auditors
concerning accounts  receivable,  resolution of which may require the Company to
provide an additional allowance,  as compared to amounts reflect in the earnings
release,  of between $0 and $1 million.  The Company has indicated that a second
earnings release will be issued as soon as the amount of the allowance,  if any,
is determined.

         The information in this report shall not be deemed "filed" for purposes
of Section 18 of the  Securities  Exchange  Act of 1934,  nor shall it be deemed
incorporated  by reference in any filing under the Securities Act of 1933 or the
Securities  Exchange  Act of 1934,  except  as shall be  expressly  set forth by
specific reference in such a filing.


ITEM 9.01         FINANCIAL STATEMENTS AND EXHIBITS.

         (a)      Financial Statements of business acquired.

                  None.

         (b)      Pro forma Financial Information.

                  None.

         (c)      Exhibits.

                  99.1     Press Release dated March 31, 2005,  published by the
                           Registrant.


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                                    SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                   TAG-IT PACIFIC, INC.



Date:    March 31, 2005            By:       /S/ RONDA FERGUSON
                                      ------------------------------------------
                                         Ronda Ferguson, Chief Financial Officer


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                                  EXHIBIT INDEX

EXHIBIT
NUMBER          DESCRIPTION
-------         -----------

99.1            Press Release dated March 31, 2005, published by the Registrant.


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