Interest and Penalties

The Interest and Penalties Calculation Support report in the Uncertain Tax Positions Application is the TaxInterest report, which supports the computation of interest and penalties that are generated using the TimeValue software. The report is also viewed by clicking View Report in the final page of the Item Entry manual entry process after calculating interest and/or penalties.

Note: This report is only available if you used TimeValue TaxInterest in the Uncertain Tax Positions Application to calculate your interest and/or penalties.