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TimeValue Software Blog

Understanding the IRS’ Failure to File Penalty

By Martel Pellerin

There are some penalties that are pretty straight forward and then there is the IRS Failure to File (FTF) penalty 6651(a)(1).  The FTF is a 5% per month penalty to a maximum of 5 months or 25% from the due date or the extension date, whichever is later. If the FTF and the Failure to Pay (FTP) penalty run simultaneously, you only pay 4.5% for the FTF penalty and it caps out at 22.5% as the IRS is limiting the combination of the two penalties to 5% overall.  That is the good news.

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Annuity Annual Accrual

By Martel Pellerin

A customer recently asked how to use TValue to determine the balance and annual interest contributions if they invested $100,000 in an annuity that was compounded annually for 15 years.

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Minimum Lease Payments Valuation

By Martel Pellerin

The minimum lease payments are the lowest amount that a lessee can expect to make over the lifetime of the lease. The minimum lease payments, including a guarantee of a residual if applicable, are used to value the lease by doing a net present value (NPV) calculation. The method of calculating minimum lease payments is laid out in the Statement of Financial Accounting Standards No. 13 (FAS 13), Accounting for Leases.

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Daily versus Exact Days

By Martel Pellerin

When I first joined TimeValue Software, it took me a while to understand the difference between Daily (compounding) and Exact Days. Both methods calculate interest each day but that is where the similarity ends.

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Daily Payments

By Martel Pellerin

Occasionally, we get a customer that has a unique situation where they have to do daily payments. Sometimes they are only during the business week and sometimes they are 7 days a week.  This is a calculation that you can do in TValue but it takes a little bit of creativity to do it.

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