IMF Simple Payment Plans
Simple Payment Plan Criteria
What is balance below 50k, compliant in all required tax returns and can full pay balance including accruals within CSED?
Definition of AAB.
What is aggregate assessed balance?
ACS employees have the option to use *blank* or *blank* to perform required and additional authentication.
What is AMS or Disclosure tool?
Disclosure on a POA.
What is TP's TIN & name, CAF#, Name of POA, SSN of POA, DOB of POA, Form & Tax Periods
Actions needed for release of levy.
IA or CNC must be met to request a levy release.
FERDI levies are released systemically. Be sure to check cutoff dates.
668-D will be sent to employer for a Non-FERDI.
TP's stating hardship must complete a financial statement.
Correct percentage of federal tax withholding or estimated payments.
What Withholding and payments must constitute either 90% of the tax liability for the current taxable year, or 100% of the tax liability for the preceding taxable year.
TP calls in to set up IA, TP has open TDI's for TY 2021/2022, will they meet Express Filing Compliance Check? Why or Why not?
What is no? TP's with open TDI's do not meet Express.
What is TP's SSN & Name. POA's CAF#, Name, SSN, DOB, Form & Tax Periods in question?
Is a 2848 still valid after a taxpayer is deceased? Yes or No?
What is No?
A new Form 2848 will be needed. POA will need to be authorized after death by the administrator, trustee, executor, etc. Their name will be found on the second name line or on a Form 56.
Designated Payment Code for a levy on a non-FERDI.
FERDI?
What is DPC 05?
What is DPC 18 or 19?
OPA Regular IA origination fee
What is $29?
Taxpayer with an AAB of $46,453 calls in to set up an IA. This taxpayer will need to be set up on a DDIA to avoid lien filing. True or False?
What is False?
TIA (Form 8821) calls in to set up an IA for taxpayer, can this be done?
What is No?
Difference between a Form 2848 and Form 8821
2848 forms can represent a taxpayer before IRS.
8821 forms can only review return and account information for the specified periods on the form.
8821's CANNOT discuss compliance issues or resolve a tax balance.
Actions needed for release of FPLP levy.
What is IA or CNC?
FPLP is released systemically. Be sure to check the cutoff dates.
For CNC hardship, 668-D would be sent to FPLP Coordinator.
IA's that do not require manager approval
What Simple Payment Plans, PPIA's under 25k & CNC's that meet exception criteria?
Inputting an 180-day extension on a Status 22 account. How should this be input?
What is ACSweb?
Information needed to complete high-risk disclosure.
What is three verifiable items from two sources?
How many days does the TP have to sign Form 2848 after the POA has signed?
How many days does the POA have to sign after the TP signs?
What is anytime?
What is 45 days?
NFTL Filing Criteria dollar amount.
What is AAB over $50k for IA, PPIA & AAB over $10k for CNC?
ALN for a Simple Payment Plan with an AAB below 25k
What is 2036?
When is it appropriate to offer/input a tiered amount for a NSIA?
What is never?
Staggered amounts are not appropriate for NSIA's.
*Blank* identifies an invalid SSN.
What is asterisk * ?
Designation level ACS does not discuss account information with.
What is Level H?
ACS does not discuss the account with a Level H Unenrolled Return Preparer. They must submit a form 8821.
Also, POA's who do not have a "Good Standing".
What are the requirements for a Lien release?
For an IA, AAB must be under $25k, on DDIA w three consecutive payments.
For CNC/PPIA, balance has to be fully paid.