Lessons 9-11
Do this when increasing the tax on a refunding module
What is Delete a refund using CC NOREF
IRM 3.14.2.6.7.1(10)
This disposition is used when the NR TE intercepts the refund on a refund transcript
What is "TI"
This TC is a computer abatement in whole or part of the failure to pay penalty
What is TC 277
This is the NRPS/OLNR penalty code for an ES penalty
What is 02
IRM Exhibit 3.14.2-30
This selection key is assigned when the underpaid tax amount equals a posted credit transaction/balance due
What is Key 40
IRM 3.14.2-5
This will still generate even if the Taxpayer does not owe any money.
What is An Adjustment Notice
IRM 3.14.2.6.14.1
These are the four transcript CP's
What are CP's 380, 384, 386, and 388
IRM 3.14.2.6.12(1)
This is the amount used to figure the FTP Penalty Amount
What is the balance of unpaid tax
IRM 3.14.2.6.17.2(5)
What is TC 771 and/or 772
IRM 3.14.2.6.17(2)
This selection is assigned when a Debit/Credit Transfer (DLN Document Code 24, 34, 48 or 58) transaction is pending for the same TIN, MFT and tax period as the notice
What is Key 84
IRM 3.14.2-5
These three types of data issues on a return that could cause a math error
What are Incorrect line entries, Transcription errors, and a misplaced decimal point
IRM 3.14.2.6.7.1(2)(a-c)
What is CRN 004
IRM 3.14.2.7.6.6.4(2)
These are TC's most commonly appear on a CP 162
What is TC 160/166, and TC 241/246vwith PRN 688(FTF)
IRM 3.14.2.6.10.1
This CC is used to manually compute debit interest with a simple breakdown
What is CC COMPA
IRM 3.14.2.6.2(4)(c)
This selection key is assigned when there is a balance due or overpayment of $1,000,000.00 or more.
What is Key 03
IRM 3.14.2-5
Apply this when the notice disposition for pending credit transactions and the notice module has a current cycle refund, another refund will issue and no subsequent notice will generate
What is a Label 6
IRM 3.14.2.6.14.4(1)(a)
This ten character line entry describing an action on the REQ54 tool
What is Activity
A CP 162 is issued when what is assessed on Form 1065 or Form 1120-S for failure to file an electronic partnership return by the return due date (including extensions)
What is a penalty
IRM 3.14.2.6.10.2(1)
This CC is used to compute the ES Penalty manually
What is CC COMPA with definer E or definer S
IRM 3.14.2.6.17.7(8)
This selection key is assigned when the overpayment amount is equal to or greater than 100 times the tax liability - verify tax amount for decimal error, transposition error, or transcription error
What is Key 11
IRM 3.14.2-5
The four conditions that will release a Q- Freeze
What is Fifteen cycles have elapsed, and no corrective action was taken on the account, The module balance becomes zero or a debit balance, CC REQ54 290 for .00 is input with HC 3 and PC4, The credit discrepancy is resolved, and any remaining credit is $9.99 or less
IRM 3.14.2.6.8(3)
Four indications that the Taxpayer is claiming or has claimed an IRC 965 election
What is a CRN 263, A payment(s) containing a DPC 64, A TC 971 AC 114 or 115, and a TC 971 AC 165
IRM 3.14.2.6.5.1
These two CC's are used to compute the FTP penalty
What are CC's INTST and COMPAF
IRM 3.14.2.6.17.6(1-2)
These penalties are assessed when Taxpayers do not comply with tax deposit requirements
What are the Failure to Deposit and the Estimated Tax penalties
This selection key is assigned when a balance due notice has an Excess Collection situation
What is key 76
IRM 3.14.2-5