We provide a full range of services relating to federal and state interest analysis, computation and tax consulting.
Our services cover, but are not limited to:
General Account Review
- Analysis of your company’s IRS account to identify potential errors that could impact overpayment and deficiency interest
- Review of interest rates, interest suspension periods, and beginning and ending dates of the computations
- Identify opportunities to reduce interest through offsets, credits and interest netting
- Prepare claims for refund or abatement of interest and manage the claim process
IRS Examinations and Appeals
- Review the interest computations to identify potential interest errors and inconsistencies
- Work with the various IRS interest teams to resolve issues at an early stage in the process
- Work with the Exam Team or Appeals Officer to help obtain refunds at an early stage in the process
- Provide guidance on making advance payments of tax or deposits to reduce deficiency interest
Net Operating Loss Carryback Analysis
- Analyze related interest and all data surrounding net operating loss carrybacks and net capital loss carrybacks to isolate any errors and determine potential impact of interest
Tax Provision Review
- Review reserve items under FIN48 (ASC 740-10) to determine the potential impact of interest and penalties
IRS Account Problem Resolution
- Identify and resolve account problems and notices, such as misapplied tax payments, erroneous postings to accounts, inappropriate penalties, balance due notices and excessive interest charges
- Analyze and interpret detailed account transcripts with specialized IRS coding
Cash Management Strategies
- Plan for settlements or issue resolutions to reduce deficiency interest and enhance interest refunds
- Compute alternative interest scenarios to allow for effective interest management in the context of a tax controversy
- Assist with tentative carryback allowances and quick refunds of estimated income taxes
- Analyze the company’s IRS accounts to find opportunities to transfer payments between accounts and further reduce deficiency interest/li>
Contact:
Angie Napier, Director