1040-X
•What should you look for before you start working your case?
a.Check for unrelated images in your case
b.Read case notes
c.Look for other controls and link them
d.Check if it is a superseding return
e.All of the above
e. •All of the above
•What character in Monty Python and the Holy Grail insists that "It's just a flesh wound“?
•Roger the shrubber
•King Arthur
•The Black Knight
•Sir Lancelot
•The Black Knight
•What criteria do we have to check for that would result in you suspending the case and it potentially getting “selected” by Exam?
What is CAT-A
•True or False: We always have to check for prior adjustments due to math errors, exam assessments, AUR, prior 1040X’s.
•True
•Can you allow a credit elect on a 1040X?
What is Yes
•Call or write the taxpayer if:
a.No adjustment notice will go out
b.The notice will not fully explain the actions taken
c.The result of the adjustment is different from what the TP is expecting
d.All of the above
e.None of the above
e. All of the above
•What Temperature is the same in both the Fahrenheit and Celsius scales?
a)20 degrees
b)60 degrees
c)-40 degrees
d)0 degrees
c) • -40 degrees
•Do you need to correspond for a missing signature on a 1040X if it is a credit increase or tax decrease?
What is Yes
•If the 1040X is for a deceased taxpayer that will result in a refund, do we work it?
•No, it gets reassigned to the manual refund team
•If the 1040X is received within 90 days of the ASED what do you do?
a.Work the case as normal
b.Forward the case to statutes through CIS
c.Hand carry the case to statutes (Telework procedures: it would be emailed)
d.Extend the ASED so that you don’t have to worry about it
c) Hand carry the case to statutes (Telework procedures: it would be emailed)
•If the 1040X results in the taxpayer’s refund being less than they expected due to a mathematical error do you have to set a freeze, if so what freeze and would you send a letter?
•Yes, -G freeze, Yes, 474C
True or False: you always need to capture(in some cases PDF print) any letter you send onto the CIS case.
What is True
•True or False: You should always update the account with the address as it appears on the Form 1040X.
•False, you do not update the address if it has changed since the 1040X was filed
•True or False: If we are missing a form or schedule that supports the changes on the 1040X then we always have to send a letter to the taxpayer requesting the missing form and/or schedule.
•False, only if it is a required form
•If there is no signature on the 1040X and it has a credit decrease or tax increase you have to…
a.Obtain a fax signature and process the claim, if not received then reject the claim
b.You don’t need the signature to adjust the account, just work the 1040x as normal.
c.Make the adjustment and send a 143C letter
d.Call for the missing signature, if not received then only put in the tax increase and do not allow any credit increase they requested. send an appropriate letter.
•Make the adjustment and send a 143C letter
•True or False: You verify col. A on the 1040X against the original tax return.
•False, you verify the figures off of the current data which includes any adjustments after the original return was filed
•If you are not able to use XMend to adjust an account, what are you then required to use to make the adjustment?
•REQ54 Tool
•What country is famous for chocolate, banks and watches?
a.Denmark
b.Finland
c.Netherlands
d.Switzerland
d. •Switzerland
•When verifying the entity section of the 1040X you should check for…
a.Name, address and filing status
b.How many dependents they have
c.If the taxpayer is deceased
d.Both a and c
d. Both a and c
•If there is no signature on the 1040X and it has a credit increase or tax decrease you have to…
a.Obtain a fax signature and process the claim, if not received then reject the claim
b.You don’t need the signature to adjust the account, just work the 1040x as normal.
c.Make the adjustment and send a 143C letter
d.Call for the missing signature, if not received then only put in the tax increase and do not allow any credit increase they requested. send an appropriate letter.
a. Obtain a fax signature and process the claim, if not received then reject the claim
•All four members of the Beatles are from what city?
a.Manchester
b.Liverpool
c.Birmingham
d.London
b. Liverpool
When do you have to Math Verify a 1040X?
a. A tax or credit adjustment of $2500 or more
b. A tax or credit adjustment of $3000 or more
c. A tax or credit adjustment of $3500 or more
d. A tax or credit adjustment of $4500 or more
a. A tax or credit adjustment of $3500 or more
•What is more efficient than caffeine to wake you up in the morning?
a.Egg
b.Water
c.Apple
d.Bacon
c. Apple
•What is a good letter to send if you need to get missing information from the taxpayer?
a.105C
b.324C
c.4883C
d.96C
b.324C
•Route 66 began and ended in what two cities?
a)Chicago and Los Angeles
b)New York and Orlando
c)San Francisco and Denver
d)New Orleans and Dallas
Chicago and Los Angeles
•What is the only US state that ends in the letter G?
• What is Wyoming
•If there is no signature on the 1040X and it has a credit increase and a tax increase you have to…
a.Obtain a fax signature and process the claim, if not received then reject the claim
b.You don’t need the signature to adjust the account, just work the 1040x as normal.
c.Make the adjustment and send a 143C letter
d.Call for the missing signature, if not received then only put in the tax increase and do not allow any credit increase they requested. send an appropriate letter.
d. Call for the missing signature, if not received then only put in the tax increase and do not allow any credit increase they requested. send an appropriate letter.
•What is the tolerance that you can adjust a taxpayer's figures within?
a.$5
b.$100
c.$200
d.$1000
b. $100
•If the Taxpayer is adding a dependent, what command code do you have to update and capture to your CIS case?
What is CC DDBCK
•True or False: If the Taxpayer decides to change their Presidential Election Campaign Fund designation from “no” to “yes” then you have to prepare a “dummy” 1040X.
•True, and it is a lot of markups. lol