Relationship Coding
The main qualifier to be coded as a Relationship - not mother or father, but this.
What is "qualifying child relationship"
THIS ACTION SHOULD BE TAKEN WHEN CORRESPONDING FOR A DECEASED PERSON - WELL, THEY MIGHT NOT ANSWER, BUT THIS "PERSON" (ARE THEY A REAL PERSON?) SHOULD.....1041 EDITORS ARE FAMILIAR WITH THIS TERM.
WHAT IS CHECKING BOX A (Estate) ON 6001?
CCC IS SHORTENED FORM OF THIS......HOW IS MY LAPTOP ANYWAY?
WHAT IS COMPUTER CONDITION CODE?
This code is used to gather info on paper filed returns (generally completed using a commercial service to prepare the returns)....its sometimes really hard to locate the source.
WHAT IS V?
Form that is most often associated with Schedule A, which is now a transcribed form.
What is 8283, Charitable Donations?
Bonus points: what RPC code is associated with this form?
What is "1"?
THE THREE SOURCES USED TO EDIT TITLE (in the AIL) OF A COURT APPOINTED OR PERSONAL REP, IN ORDER.
WHAT IS
1 - COURT CERTIFICATE
2 - FORM 1310
3 - SIGNATURE AREA?
WHEN YOU HAVE AN CCC "L OR W" - THE TAXPAYER MAY BE ENTITLED TO A REFUND, BUT ISN'T ABLE TO SIGN THEIR NAME - WELL, IT MAY BE REALLY DIFFICULT TO DO.
WHAT IS A DECEDENT RETURN?
This code is used to tell computer that taxpayer doesn't qualify for EIC and forces the number to zero. Amish and Mennonite, as well as notary claims also qualify.
What's "B"?
If a taxpayer included a Schedule 1 with an amount of $502 on line 3 and no other information in the file, at a minimum what should we be doing?
What is prepare form 6001 and request Schedule C and Schedule SE ("may be liable" - Letter V)?
You should do this when a dependent is missing a TIN and there are four or less dependents with TINs.
What is circle the dependent header for that dependent, edit the dependent code (if available).
This edit should be made after a person's last name....unless they are married and have the same last name.....(Bonus points if you know exactly where the edit mark should go)
WHAT IS WHERE "DECD" SHOULD BE LOCATED?
You may use this code when you have refund and you only have one document as proof of the withholding.....especially if it is handwritten or Form 4832, altered, etc.
What is CCC "8"?
Code H
What code is used when taxpayer has more than $500 in charitable donations and uses Form 8283?
Schedule 2
What is
What is "0"?
Bonus points: what additional step would you need to take in this area?
WHEN DOCUMENTARY EVIDENCE IS NOT NEEDED ON A DECEDENT RETURN
WHAT IS:
> FS 2 returns when surviving spouse has signed
> Refund/credit elect of less than $100
> Credit elect where taxpayer died in year after tax year being processed
> Currently, tax returns from 2022 (statutory limits)
Name one of two codes edited to stop letters being sent to taxpayers - don't you love seeing nothing entered on page 2 of the 1040? Or, when form 2210 is sent, requesting a waiver?
WHAT IS :
> "B" - suppression of CP 51-IRS calculated your tax
> "P" - suppresses computer letter Estimated Tax Underpayment Penalty.
This is edited when taxpayer is not liable for self employment tax....let's see its not M, N, O, P......
What is "S"?
You may go to this resource if you need a blank form and you can't find it elsewhere......think of it as our own files and you can find a link on the main IRS page.
What is the "Published Products Catalog"?
Relationship code for a cousin or brother - Child Tax Credit is marked or EIC shows listing for them.
What is "Zero" or "0"?
Name 3 things needing to be edited on a decedent return - two start with letter "D"; another is a word for something that hurts you.....(old English); last has same letters as a 1930's federal "civilian" job program
WHAT IS
> Date of Death
> DECD or "deceased"
> AIL (if refund/uncomputed- requested if non refund)
> CCC (IF REFUND or final year of returns)
This code is used when both taxpayers died during the tax period....like during COVID.
What is CCC "A"?
When a prior year has been cleared by Statutes (or is older than 3 years old and due a refund, this code is edited....?
What is "K"?
Name 3 of the 4 new deductions listed on Schedule 1-A...you may qualify for some of these.
Bonus Points: can tell amount of deduction allowed or limits.
What are: 1) No tax on tips
2) No tax on overtime (the amount over regular time)
3) No tax on car loan interest (restrictions apply)
4) Senior deduction, age 65+