TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 423: 1% Simple Interest Rules for Return Defaults, Table Dates, and Post-Assessment Adjustment Procedures</h1> Section 423 prescribes simple interest I = 1% × A × T for defaults in furnishing returns, with a Table fixing starting/ending dates and the tax base, and procedures to adjust interest after post-assessment orders. Key differences between the Bill and the enacted Act: the Bill often uses 'date immediately following the last date allowed' where the Act uses 'the last date,' a discrepancy that can change months counted; the Bill omits a cross-reference in one Table entry and substitutes a different section reference for certain tax-credit offsets (section 206), creating uncertainty about credits treated as 'tax paid.'
TaxTMI 
TaxTMI 