Interest program requirement

This Sources Sought is issued solely for information and planning purposes only and shall not be construed as either a solicitation or the obligation on the part of Government. This is NOT a solicitation for proposals, proposal abstracts or quotations. This notice is for market research purposes only.  

No reimbursement will be made for any costs associated with providing information in response to this announcement or any follow-up information requests.

Respondents will NOT be notified of the results of the analysis. All data received in response to this Sources Sought synopsis that is marked or designated as corporate or proprietary information will be fully protected from release outside the Government. The Government shall not be liable for or suffer any consequential damages for any proprietary information not properly identified. Proprietary information will be safeguarded in accordance with all applicable Government regulations. All documentation shall become the property of the Government and will not be returned.

BACKGROUND:  

The Department of Treasury, Internal Revenue Service (IRS), Office of Servicewide Interest (OSI), supports all IRS functions performing Net Rate Netting (NRN) manual interest computation work, which includes verifying and re-computing NRN requests submitted by taxpayers.

IRS government employees currently perform complex interest computations for NRN requests filed by taxpayers. Computations may include standard/frequent calculations to verify amounts requested on Form 843 requests for netting. To properly complete computations, it requires knowledge of all interest law, legislation impacting interest, as well as knowledge of IRS transactions, ability to read IRS transcripts, and understand how posted transactions can impact the netting computation. This requires an in-depth knowledge of procedures for claiming a refund of overpaid underpayment interest or requesting the allowance of additional overpayment interest.

Recent attrition and the complexity of these cases requires Contractor support and assistance with these computations. The goal is for a streamlined process where the NRN requests can be reviewed, verified, and a determination made within 60-90 days.

The IRS is seeking to obtain Contractor support and assistance for sensitive taxpayer information to provide NRN computations, Internal Revenue Code (IRC) 6621(d) application, compute and verify NRN computations using the current interest computation brand name Automated Computational Tool (ACT)/Decision Modeling Inc. (DMI) software (or equivalent). The computations included in the taxpayer’s netting request shall be verified using an internal interest computation software.

This support would provide the Government with computations to verify NRN submissions received on behalf of taxpayers and amounts claimed on Forms 843. These cases must be reviewed for timeliness and completeness, considering all factors including statute of limitation periods under IRC 6501 and IRC 6511, which will be used to determine if the NRN requests should be allowed in full, adjusted or denied.