IRS Interest & Penalty Calculator For Tax Professionals
Our Customers Include: Thousands
of accountants for small and large clients, hundreds of lawyers, the Internal Revenue
Service (IRS), the US Government Accountability Office (GAO), Intel Corporation,
Shell Oil, Equifax, UPS, Morgan Stanley, CNA Insurance, Texaco, Fidelity
Investments, Macy's, Federal-Mogul,
Kroger, Nevada Power....
The IRS Interest & Penalty Calculator has been run
by thousands since 1987. The easy to use program is regularly being updated to include
new penalties, amended penalties, new interest rates and other features. This
comprehensive program can be used for both income tax and payroll tax.

Order Now!
Special discounted price through 3/6/2021 $139.
Regular Price $169.
Order licenses for additional machines.
30 DAY UNCONDITIONAL
GUARANTEE!

Use This Tax Penalty & Interest Calculator
To:
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Show how much you have reduced your
client's penalties and interest on those penalties. Use the IRS Interest and
Penalty Calculator to compute the worst case penalty scenario. If you are
able to get your client off of penalties, show your client how bad the situation
could have been. Prove to your client that your fee is a bargain!
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Save time with delinquent tax returns.
Calculate the interest and penalties, if appropriate, that will be due with the
delinquent tax returns. Have the taxpayer pays the interest that is owed along
with the tax. This reduces the chance that the Internal Revenue Service will
send another notice demanding money. This reduces a follow up call from
your client, and saves you time.
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Reduce future shocks, if your client is being
examined by the IRS. The interest and penalties that your client might owe might
be significant. Letting your client know how much tax interest and penalties
will be due with the unpaid tax could eliminate your client's shock after
getting the tax bill. If your client will be upset at paying $20,000 in tax
after an audit, your client will be livid when she learns through the mail that
she also owes $5,000 in penalties and interest.
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To possibly reduce payroll tax
penalties. The IRS
Penalty Calculator feature can often reduce penalties by recommending the order
that deposits should be applied to liabilities.
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Reduce IRS notices and client dissatisfaction
with amended tax returns. Use this software to show your client how much
interest and penalties he might owe.
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Help calculate tax interest computations for
Certification by U.S. Person Residing in the United States for Streamlined
Domestic Offshore Procedures (Form 14654) or Certification by U.S. Person
Residing Outside of the United States for Streamlined Foreign Offshore
Procedures (Form 14653) in conjunction with FBAR and FATCA.
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Calculations for penalties and interest for various voluntary disclosure
programs.
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Reduce or eliminate tax penalties and interest in bankruptcies. The IRS has a
problem with overcharging penalties in this situation. Show the Detailed
Interest and Penalty report to the IRS. We have a bankruptcy attorney that
is 100% successful in these situations.
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Correct erroneous IRS notices. When IRS employees get involved with the
penalty and interest computation, there is a greater chance that the notice will
be wrong than when the IRS computations are made without IRS employee
intervention.
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Plan for deductible IRS interest paid by a business to the IRS. The IRS Interest
Calculator feature can be used to determine how much tax interest a business
owes. A cash basis business can pay that deductible tax interest in a tax year
when the deduction is most needed. The program can be used to compute accrual
basis tax interest, if appropriate.
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To determine how much to put into escrow to pay off a lien. This can be helpful,
if the client is attempting to buy or sell real estate if an income tax lien is
involved.
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To determine how much tax interest should be paid in excise tax situations.
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If you need to compute the interest on "push out elections" for partnership IRS
audits, please call 1-800-326-6686.
IRS - State Interest & Penalty Features:
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State interest support for AR, CA, FL, GA, ID, IL, KY, LA,
MA, MD, MI, MN, MO, NY, PA, RI, SC, UT, VA, VT and WV.
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The program's reports can show detailed interest and penalty
computations, including days between dates and interest-rate factors.
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Failure To File (§6651(a)(1)) and the .5% (§6651(a)(2)) and
1% failure to pay penalties can be computed.
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The software can accommodate an unlimited number of tax
payments.
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Penalties for late payment of payroll tax deposits (§6656).
(This program can calculate interest and penalties for both income tax and
payroll tax situations.)
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The program can compute §6662 Accuracy Related Penalties
including – Substantial Estate or Gift Tax Valuation Understatement, Negligence,
Substantial Understatement, Substantial Valuation Misstatement, Substantial
Overstatement of Pension Liabilities, and Economic Substance.
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Interest calculations as far back as 1954.
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Corporate 2% interest increase after 1990.
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Interest on overstatements (refunds).
More information is available about this
program in its manual.
An IRS Interest & Penalty Calculator is not
required to compute tax interest, it is possible to
compute interest by hand.
In some situations IRS interest calculations
are used to determine interest in non-tax judgments. If
§6621 is used to determine the interest, you can
use the IRS Interest and Penalty Calculator to make the computation.
State Support:
The penalty calculations strictly follow the Federal law. Thus, if the state penalty
computation is *identical* to the Federal computation, you can use this program. If the
state penalty computation is different, you can put it into the program as an Other
Charge.
This program currently supports interest rates for AR, CA,
FL, GA, MA, MO, ID, KY, SC, LA, MD, MN, UT, VT, V, VA, IL, MI and PA. Sometimes
the states drag their feet in releasing interest rates. It is not unusual for us
to release the program before all states have announced the new interest rate.
Reviews:
“Very user friendly, quick and accurate.”
Janice Lancaster, Denver, CO.
“Works great in a short period of time.”
Harry Rabin, EA, Harry Rabin & Co, El Cerrito, CA.
“Resolves a lot of headaches.”
Robert Mathers, The Hunter Group, CPA, LLC, Fair Lawn, NJ
“Great support to argue with the IRS.”
Ambrose Rouble, CPA, Southgate, MI
“Success......Our total amount
due of about $8,200 is off by 10 cents compared to the IRS's computation. Thank
you very much for your patience and graciousness in helping me.”
John M. Hasslinger, CPA, Mount Airy, MD
Other reviews...
Updates
Current IRS Penalty and Interest Calculator Version
As of January 22, 2021 we started shipping the 2021, Quarter
2 version,
WINT2021Q2.10. This version has verified IRS interest rates and IRS
interest rate factors through June 30, 2021.

Order Now!
Special discounted price through 3/6/2021 $139.
Regular Price $169.
Order licenses for additional machines.

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