Tax Deficiency Interest and Penalty Software
Thousands of tax professionals including all Big Four accounting firms rely on TaxInterest to simplify the calculation of tax interest and penalties. Tax Interest has been trusted for reliable calculations since 1988 and is used for firms in calculating FIN 48 liability accruals related to tax overpayment or underpayment.
Benefits
Quickly and Easily Calculate Penalties and Interest.
Just enter the tax and payment amounts and let TaxInterest use its built-in rules and computations to quickly determine the interest and penalties. Built-in penalties include failure to file, failure to pay, negligence, fraud, accuracy penalties and more. Perform calculations for prior years and multiple year deficiencies.
Quickly Verify IRS Notices.
When the IRS makes a mistake, simply accepting the notice could cost your clients hundreds or thousands of dollars. With its built-in knowledge base, TaxInterest removes the complexity and tedious nature of verifying these notices. If the notice is wrong, TaxInterest prints detailed reports to document the calculations and challenge the notice.
Advanced features include:
- Interest rates and calculation methods from 1954 to present.
- Automatic computations for failure-to-file, failure-to-pay, negligence, fraud, substantial understatement, and more.
- Handles multiple-year deficiencies.
- Rates and methods for over 40 states (only interest is calculated for states, not penalties).
- Ability to update interest rates and create custom tables for additional states, cities, etc.
- Handles interactions between penalties.
- Extensive payment allocation options.
- Automatic GATT and "Hot" interest calculations.
Stay Up To Date with Update Service.
Receive three quarterly updates after your purchase including current interest rates and other enhancements to the program.
Free Support.
Tax Interest comes with free program and technical support.
System Requirements
XP, 2000, NT, Me, 98, and 95.
No risk--Tax Interest comes with a full 1-YEAR MONEY BACK GUARANTEE!
Tax Interest - 1 User
