The user receives a plain-language explanation of potential federal penalties, such as late-filing or underpayment fees, along with specific due dates and the assumptions used for the calculation, allowing for informed financial planning without filing returns.
The agent identifies the specific tax obligation or notice in question, such as a late payment or missed deadline. It then invokes tools like estimate_irs_penalty or deadline_calendar with relevant non-identifying facts (e.g., amount unpaid, duration). The agent extracts the estimated penalty amounts, due dates, and cited IRS sources. Before presenting the result, the agent must verify that the user understands this is a general estimate and not professional advice, reminding them to check the official IRS source provided in the tool output.
- Category: Finance and payments
- Effect: Read-only
- MCP servers: Arc & Ledger Tax Reference MCP (https://koskamo.com/explore/arc-ledger-tax-reference-mcp)
- Source: Arc & Ledger Tax Reference | Directory MCP Documentation (https://www.arcandledger.com/mcp/directory/)
- Source quote: "It does not prepare or file returns, transmit information to a tax authority, create a practitioner-client relationship, or direct users to a paid service."
- Playbook page: https://koskamo.com/explore/use-cases/estimate-federal-tax-penalties-and-deadlines
Prompt: I missed my tax payment deadline by three months on a $5,000 balance. Can you estimate the federal late-payment penalty and tell me the relevant deadline rules? Also, explain what a CP2000 notice generally means and what I should do next.