Penalty and Interest Calculations Report

The quality of our services and attention to detail set us apart from the rest.  Integrity Tax Resolution will generate penalty and interest calculation reports to be sure you don’t pay what you don’t owe in penalties and interest!

Calculation Errors

Once the IRS takes collection action against you, if they are in error, in most cases it will be up to you to bring their own error to their attention.  Sad to say, in most cases taxpayers take notices of penalties and interest at face value and work on settling the liability as stated without ever double checking IRS accounting.  Other tax resolution firms may do the same, neglecting the fact that the IRS does make calculation errors.

You should be aware that the IRS is not the most efficient bureaucratic machine.  Their internal rules, regulations, and process are very complex.  Many systems generate automated responses, some require live human resources to input various codes in to computers to generate penalties, notices, stay of collection activity and on and on.

Either way the IRS structure is so vast that your file could easily get lost in the maze. Integrity Tax Resolution has seen it happen on many occasions. Errors can and are currently being made.  Penalties issued in error, notices sent in error, collection activity on accounts in Currently Not Collectible status, mistakes on interest calculations and more.  You would be amazed! 

Interest Calculations

Many taxpayers do not understand how the IRS calculates interest.  Integrity Tax Resolution will be sure your interest calculations are accurate and up to date.  We even have the ability to run hypothetical calculations, a great tool to allow you to see what the cost of waiting to settle your liability may be.

• IRS Interest – Will calculate underpayment or over payment (refund)
• State Interest – Will calculate underpayment or over payment.
• Interest on Penalties – Will calculate interest on penalties corresponding with notice dates to be sure IRS calculations are accurate.

Penalty Calculations

So many unknowing taxpayers have paid interest and penalties over the amount they should have.  If only they double-checked the IRS calculations.  You don’t have to make the same mistake.  Integrity Tax Resolution will be sure to double check for you.  Here are some common penalties:

• Failure to File Return
• Failure to Pay Tax
• Failure to Pay Assessed Tax

Integrity Tax Resolution goes a step beyond offering the best process and quality in the tax resolution industry.  If you believe you are being charged more than you owe in interest and penalties please feel free to contact us.  We are here to listen and help.