When Is P&I Updated?

There is no hard coded logic in the system to invoke the penalty and interest calculation. All requests to bring penalty and interest up to date are executed using plug-in logic. The base product provides logic to forecast P&I or bring P&I up to date when certain events occur. Your implementation may introduce new events that should cause P&I to be recalculated.

The following events in the system cause P&I to be brought up to date

• When a tax form posts or is reversed, transferred or adjusted, using an appropriate Form Rule. Basically any state transition of a form that causes adjustments to be created should include a rule to bring P&I up to date.

• When a payment is frozen or canceled, assuming that an appropriate plug-in is entered on the account type

• When the effective date of a frozen payment is changed

• If your obligation is governed by the C1-FilingPeriodObligation business object, a post processing plug-in recalculates P&I if the override due date changes.

• When a waiver is activated or canceled

• An overdue event algorithm to calculate P&I is provided

A user may also request that P&I is brought up to date using the Credit Allocation zones on Control Central on both the Account Information portal and the Taxpayer Information portal.

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