Substantially Reduce Failure to Deposit Penalties

The shocking fact is that taxpayers are being significantly overcharged by the IRS.

  • One in three businesses each year paid a penalty for not making their deposits on time
  • The IRS uses only one method to calculate the penalties for Failure to Deposit and it is not in the taxpayer’s best interest
  • Revenue Procedures 99-10 and 2001-58 allow use of other calculation methods that are far more beneficial to the taxpayer
  • You will pay the minimum amount required for their federal tax deposit penalty

THE RESULTS SPEAK FOR THEMSELVES

  • The average penalty savings are typically 20% to 66%
  • IRS acceptance is 100%. It’s the law
  • Thousands of customers have saved hundreds of millions of dollars. Yes, hundreds of millions of dollars

Take the Uncertainty Out of Calculating IRS Interest and Penalties

Accurate interest and penalty calculations shouldn’t be difficult. Checking an IRS transcript. Preparing an amended return or a return for a late or non-filer. Determining penalty amounts.

  • Verify IRS Interest for Individuals and Businesses
    • Simplify calculation of both individual and corporate interest
  • Automatically calculate interest on penalties and specify notice dates
  • Compute estimated tax penalties 2210 and 2220

COMPUTE THE POTENTIAL EXPOSURE FOR PAST DUE TAXES

  • Verify figures from IRS or state transcripts with confidence
  • Calculate common federal penalties including Failure to File 6651(a)(1), Failure to Pay Tax Shown 6651(a)(2), and Failure to Pay Amount Assessed 6651(a)(3)
  • Accuracy Related penalties include Negligence 6662(c), Substantial Understatement 6662(d), Fraud (6663), and more

CALCULATE UNDERPAYMENT AND OVERPAYMENT INTEREST FOR ALL STATES WITH INCOME TAXES

  • Individual and corporate calculations
  • Computation methodologies for each state
  • Catch and eliminate costly mistakes

Reach Us

Office: 

169 Forest Ave

Locust Valley, NY 11560

Mailing: 

167 Forest Ave

Locust Valley, NY 11560

515-277-2732

Contact Us Now to Get Started!

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