EIC
WHAT IS THE EARNED INCOME TAX CREDIT IRM?
21.6.3.4.2.7 OR 21.6.3.4.2.7.10
DO TAXPAYERS HAVE TO GET ALL 4 BASIC QUESTIONS RIGHT IN ORDER TO NOT GET HIGH RISKED?
YES
TRUE OR FALSE: THE CHILD TAX CREDIT IS A REFUNDABLE CREDIT
FALSE
WHAT IS THE IRM FOR COMMUNITY PROPERTY STATES?
IRM 25.15.5.2
I AM THE AGI. WHAT LINE ON THE 2023 1040 AM I REPORTED ON?
LINE 11
WHAT ARE THE 3 RULES/REQUIREMENTS FOR EVERYONE TO BE ABLE TO QUALIFY FOR THE EARNED INCOME CREDIT FOR 2023?
HAVE A VALID SSN, BE A U.S. CITIZEN ALL YEAR, AND HAVE EARNED INCOME OF AT LEAST $1
REFERENCE TCD 0326
CAN A TAXPAYER CHANGE THEIR ADDRESS OVER THE PHONE IF THEY PASS BASIC CLOSURE AND CAN VERIFY THE CURRENT ADDRESS ON FILE?
NO, ALTHOUGH THEY VERIFIED THE ADDRESS ON FILE, THEY WILL HAVE TO BE HIGH RISKED
WHAT TYPE OF INCOME WOULD YOU NEED TO HAVE IN ORDER TO CLAIM THE CREDIT FOR SICK AND FAMILY LEAVE? WHAT'S THE FORM FOR THE SICK AND FAMILY LEAVE CREDIT?
SELF-EMPLOYMENT INCOME. FORM 7202
REFERENCE IRM 21.6.3.4.2.15
WHAT IS THE IRM FOR ADJUSTMENTS REQUIRING AN AMENDED RETURN OR TAXPAYER DOCUMENTATION?
IRM 21.5.2.4.3
3
DOES THE AGI QUALIFICATIONS TO CLAIM THE EIC CHANGE BASED ON THE NUMBER OF CHILDREN YOU CLAIM?
YES
REFERENCE TCD 0326
WHAT ARE THE 4 BASIC DISCLOSURE QUESTIONS?
SSN, NAME, ADDRESS, DOB
WHAT IS THE AMOUNT OF THE TAXPAYER'S PREMIUM TAX CREDIT BASED ON?
THE TAXPAYER'S HOUSEHOLD INCOME, FAMILY SIZE, AND THE COST OF HEALTH INSURANCE AVAILABLE TO THE TAXPAYER'S COVERAGE FAMILY
REFERENCE IRM 21.6.3.4.2.12
WHAT IRM GIVES YOU THE REQUIREMENTS FOR A THIRD PARTY DESIGNEE?
21.1.3.3.1
*POTENTIAL FOR DOUBLE POINTS*
HOW MANY WAYS CAN YOU SUBMIT A FORM 2848 AND WHAT ARE THE WAYS YOU CAN SUBMIT IT?
3 WAYS. ONLINE, FAX, OR MAIL
CAN A TAXPAYER CLAIM THE EIC IF THEY A ITIN INSTEAD OF A SSN?
YES
THE PRIMARY TAXPAYER FILES AS MARRIED FILING SEPARATELY. THEIR SPOUSE CALLS TO CHECK THE STATUS OF THEIR REFUND. IF THE SPOUSE IS ABLE TO ANSWER ALL OF THE DISCLOSURE QUESTIONS CORRECTLY, CAN YOU TELL THE SPOUSE THE STATUS OF THE REFUND?
NO, YOU CANNOT. TAXPAYERS MUST FILE MARRIED FILING JOINTLY IN ORDER FOR A SPOUSE TO RECEIVE INFORMATION.
WHAT TAXPAYER NOTICE (MATH ERROR) CODE WOULD SHOW ON THEIR TP ACCOUNT IF A TAXPAYER TRIED TO CLAIM THE AOTC BUT THEY WEREN'T ALLOWED TO CLAIM IT FOR TWO YEARS?
823 - We disallowed the amount claimed as Education Credit (American Opportunity Tax Credit) on your tax return. Our records indicate that we’ve banned you from claiming American Opportunity Tax Credit for two tax years.
REFERENCE 21.6.3.4.2.11
WHAT IRM WILL HAVE ALL THE FREEZE CODES LISTED?
21.5.6.4 FREEZE CODE PROCEDURES.
SALLY FILED HEAD OF HOUSEHOLD ON HER RETURN. SHE SUBMITTED HER RETURN BY THE DUE DATE, BUT SHE FORGOT TO CLAIM THE CHILD TAX CREDIT FOR HER 4 YEAR OLD DAUGHTER. WHAT WILL SALLY NEED TO DO TO IN ORDER TO CLAIM THIS CREDIT?
WHAT IS FILE A FORM 1040X?
FOR TAX PERIOD 2022, WHAT IS THE AGI LIMIT FOR A MARRIED FILING JOINT COUPLE WITH ONE QUALIFYING CHILD TRYING TO CLAIM THE EIC?
49,622
REFERENCE IRM 21.6.3.4.2.7.6 OR TCD 0318
SUPPOSE A TAXPAYER HAD A TPP INDICATOR ON THEIR ACCOUNT AND YOU HAD TO HIGH RISK THEM. THEY PASSED ALL THE BASIC AND HIGH RISK QUESTIONS. CAN YOU UPDATE THEIR ADDRESS SO THAT WE CAN REISSUE THEIR TPP LETTER.
NO, WE CANNOT.
REFERENCE: IRM 25.25.6.6.2
TRUE OR FALSE: I CAN ONLY CLAIM THE QUALIFIED RETIREMENT SAVINGS CONTRIBUTION CREDIT IF I AM CLAIMED AS A DEPENDENT ON SOMEBODY'S ELSE TAX RETURN.
FALSE
REFERENCE: IRM 4.19.3.15.6
*POTENTIAL FOR DOUBLE POINTS*
The IP PIN Entry Tool is taken offline for annual end of year maintenance period in November and brought back online in mid-January. Employees will not be able to input requests during this period. A SERP Alert will be issued when the Tool is active and available for use. What IRM directs you on what to tell the taxpayer if they request their IP PIN be reissued during this time?
IRM 25.23.2.9.4 LOST MISPLACED OR NON-RECIEPT OF IP PIN
WHAT FORM PROVIDES THE TAXPAYER THE OPTION TO ALLOCATE (SPLIT) THEIR REFUND INTO SEVERAL DIFFERENT DIRECT DEPOSIT OPTIONS?
FORM 8888