New Web Based Calculator Offers Taxpayers Relief From IRS
A new web site, www.TaxPenalty.com, was launched this week by Time Value Software to assist millions of businesses to reduce penalties imposed by the IRS. The penalty reduction is enabled by recent tax law changes (IRS Rev. Proc. 99-10) that give businesses 90 days to ask the IRS to use a different calculation method for penalties.
"Our experience is that we can reduce penalties in more than half the cases," said Tom Persky, head of product development for TimeValue. "In the cases where we help, the average reduction is over 35 percent and under some circumstances, the penalty can be eliminated entirely." The service is free, except for those cases where the saving is greater than $500, in which case the service costs $49.
Voice of the Editor
What makes a company a great place to work? Experience, a ConnectEDU company, uses criteria that include benefits, career advancement opportunities, culture, and work/life balance to form its annual list of the Best Places to Work for Recent Grads. BDO USA and Ernst & Young both made the Top 25 list. Read what makes these firms stand out and find out what can be done at your firm to entice college grads.