Designated Payment Code (DPC)
The purpose of a Designated Payment Code (DPC)?
The definition of AAB.
Aggregate Assessed Balance
ACS employees have the option to use ______or the ________ to perform required and additional authentication.
What is AMS or IAT Disclosure tool?
Three reasons when we can accept credit card expenses
What is Well-fare, state/local tax and production of income?
MFT ___ means the account was mirrored.
What is mirrored account?
Federal Payment Levy Program (FPLP) payment for the Primary TIN. Payments are received electronically from Bureau of the Fiscal Service (formerly FMS).
What is DPC 18?
Command Code use to stop a direct deposit payment.
What is EFTOF?
TRUE OR FALSE:POA needs to be speak with account management about the client's refund. The CSR should generate a transfer pin.
What is false?
Goal of a financial statement
What is to determine the taxpayer's maximum ability to pay their delinquent tax debt based upon their current financial situation?
Taxpayer is currently in Bankruptcy. CSR ____ set up an Installment Agreement for the taxpayer.
What cannot set up an Installment agreement?
Definition of DPC 50.
What is Installment agreement User Fee.
Initial Fee
Taxpayer qualifies for a Streamlined IA/SIMPLE PLAN agreement. Their AAB is 46,000. Taxpayer wants to avoid a lien being filed. Taxpayer should set up IA as a ________ __________.
What is Direct Debit?
Steps for verifying a POA.
What is TAXPAYER'S SSN AND NAME, POA'S CAF NUMBER, NAME, SSN and Date of Birth. What are tax forms and tax years POA is authorized on?
Allowable or not allowable expense: Taxpayer is currently trying to lose weight and learned from her Instagram followers that she must only shop at WholeFoods for her produce. However, she can receive the same produces at cheaper grocery stores.
What is not an allowable expense?
On a BMF ACCOUNT: This command code shows what forms need to be filed.
What is INOLES?
Difference between DPC 50 and DPC 51.
What is DPC 50 is the Initial Fee and DPC 51 is the Reinstatement Fee?
Definition of a stop-filer taxpayer.
What is person who gets paid in cash?
Executor on a deceased account called in. The account shows identity theft. CSR (SHOULD OR SHOULD NOT) perform additional authentication on the executor.
What is SHOULD?
What is standard * 150%?
Definition of Legally bind.
What is the individual has the ability to execute agreements that are binding and legally enforceable against the corporation under state law?
State Income Tax Levy Program (SITLP) receipt (used exclusively for systemically applied payments).
What is DPC 20?
If the taxpayer copy score is __, ___, ___, & ___, then they are required to file the return.
Taxpayer doesn't speak English or Spanish. Needs an interpreter. Provide the Multilingual Product Line number.
What is 877-384-4474?
TRUE OR FALSE: The Six (6) Year Rule IS applicable to corporations, partnerships, Limited Liability Companies (LLC), where the LLC is identified as the liable taxpayer, or any BMF expenses.
What is False?
____ identifies an invalid SSN.
What is an Asterisk *?