DMI TPM - Tax Position Manager Solution
DMI’s Tax Position Manager (TPM) software application is an affordable solution that streamlines and automates the management and reporting of all tax positions, including agreed adjustments, adjustments under audit, and UTPs on a foreign, federal, state, and local level and their related interest calculations for all tax types.
TPM will eliminate spreadsheets for tracking, calculating, and reporting purposes and provide a level of business continuity that saves a tremendous amount of time and mitigates compliance risk, providing efficiency and peace of mind to a corporation’s tax department and executives.
Moreover, DMI’s Tax Position Manger application’s available integration with the Bloomberg Tax Federal Corporate Tax Analyzer (CTA) and DMI’s InterestNet™ software, both of which are the only two products authorized by the IRS for multi-year tax and interest netting computations, creates a complete and incomparable end-to-end solution for accurately computing, tracking, and reporting tax and interest positions.”
InterestNet™ - Interest
and Penalty Software
DMI’s interest and penalty software InterestNet™ is a single product solution for interest calculations on federal IRS and state tax underpayments and overpayments. InterestNet™ is the industry standard interest and penalty computation software which computes global interest netting benefit per Section 6621(d). The user-friendly interface allows for easy entry of transcript detail while providing the flexibility to perform restricted interest computations, evaluate alternative interest results for hypothetical events, and perform “what if?” scenario development. InterestNet™ automatically updates interest rates when they are available each quarter!
The IRS uses InterestNet™ to perform net rate interest netting computations, per IRM 20.2.14.1. Be confident your interest results are accurate with InterestNet™.
UTP Interest
DMI’s UTP Interest is a new technology designed specifically for UTP interest computations to blend seamlessly with your current Excel process. The software has a simple drag and drop format that will calculate the interest right into your existing formatted Excel file. Please contact us for more information on this product.
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