Department of the Treasury, Internal Revenue Service, 6009 Oxon Hill Road, Suite 700, ATTN: M:P, Oxon Hill, MD 20745

D -- OFF-THE-SHELF COMPUTER TAX COMPUTATIONS SOFTWARE FOR FORM 1120 SOL IRS-1120 POC William J. Goetz (216) 328-2854 TITLE: OFF-THE-SHELF COMPUTER TAX COMPUTATIONS SOFTWARE FOR FORM 1120 The Internal Revenue Service (IRS) may have the need to evaluate off-the-shelf tax computation software that has the ability to perform complex tax computations for the Form 1120. It must have the capability to consider multi- year computations as a result of an IRS examination of a taxpayer s Form 1120, Corporation Federal Tax Return, and must be compatible with reports generated on IRS internal use software. In addition, the software must be able to maintain various logs that are currently used by the IRS audit team on examination of large corporate taxpayer. The software must be able to do the following: regular tax, alternative tax, alternative minimum tax, environmental tax, foreign tax credits, and all other special income tax or credit computations. It must be able to do multiple tax computations and have interaction between the years involved for net operating losses, credits, net capital losses, alternative minimum tax, and any other carryover and carrybacks. It must consider any limitations in regard to any carryovers and carrybacks. In the area of foreign tax credit, the calculations should include: up to 120 separate limitations categories or baskets; the various allocations of United States and foreign source losses; carryovers and carrybacks of the FTC for each category. Currently, three stand-alone software programs have been developed to interact with an off-the-shelf software package. One was developed to generate a Form 4549, Income Tax Examination Changes. The other two stand-alone programs include the Information Document Request (IDR) Log and the Form 5701, Notice of Proposed Adjustment Log. All three of these programs are being made available to software vendor(s) that may want to use them as a basis to incorporate the various needs of the IRS into their product. These internally-developed programs are being made available to any vendor that may want to look at them or use them to assist in developing a product. The software programs can be obtained by calling William J. Goetz at 216-328-2854. NOTE: This is for informational purposes ONLY. There is NO request for proposals. No acquisition is contemplated for any software that meets these requirements. The purpose of this synopsis is to provide firms the opportunity to obtain the programs described above. (0070)

Loren Data Corp. http://www.ld.com (SYN# 0041 19980313\D-0011.SOL)