Acronyms & Taxes
SCP stands for...
Special Compliance Personnel
What month do you need to file your taxes by each year?
***Bonus***
Date of filing
Date of extension to file
April
15th
Oct 15th
Primary TIN: 000-00-0123
MARK D & SHARON K SMITH
123 Lazy DR
Lazytown PR 12345
If TP Primary calls on a MFJ balance and doesn't provide TP secondary name, does it count as a disclosure error?
Yes, both names need to be given.
You will receive me from your employer
You need me in order to file your taxes
I am a W-2
Ashley Caderas has a DDIA for $1,000. She is calling to lower her DDIA to $850.
Does a new 433D needs to be filed?
No!
5.19.1.6.4.13.1 DDIA - Form 433-D, Installment Agreement, and Form 9465, Installment Agreement Request
MFT stands for
Master File Tax
What is one reason why you should file your taxes?
1. May get money returned
2. Continue to fund programs everyone benefits from
3. Avoid paying penalties in the future
4. Stay in compliance
What are the 4 main questions to access a taxpayer account?
SSN/EIN/ TIN
Name
DOB
Address
Bonus*** Phone
I am received whenever you start a job
You use me to choose appropriate withholdings
If you don't adjust it, you could owe....
I am form W4
What is the name of the NEW agreement that doesn't require a NFTL determination when the balances are $50K or below and meets CSED?
Simple Payment Plan
LSR stands for....
Leadership Sucession Review
What is one way to file your taxes?
1. Hire an accountant
2. Use an online tax software (TurboTax, H&R Block)
3. Fill out IRS form 1040 and mail it
My name is Ashley Perris and I'm calling for a client. I have on file form 8821. Can I set up a payment plan from my client?
Yes, No & Why?
No, form 2848 is required to represent TP's. Form 8821 only used to discuss return.
I am filed quarterly.
I need employees to survive.
My due dates are April 30, July 31, Oct 31 and January 31
I am a type of voluntary payroll deduction used for retirement.
I am form 941
Can I grant a PPIA of $20,000 for an Out of Business Sole Prop? Do I need a financial statement?
Yes, it can be granted. And a CIS is required.
CLP stands for...
Career Learning Plan
What Publication can be referred to taxpayers for Tax Withholding and Estimated Tax?
Publication 505 "Tax Withholding and Estimated Tax"
I am Mr. Yandel Solano owner of Platanitos LLC. This is a partnership that I had since 2019. I want to know why I owe balances in 2022.?
Mr. Solano's name is not under the business name (nameline) but he gave all the other information correct. Can we go ahead and provide information? Or do we need to verify something else?
We cannot provide information until we validate SSN & CC IRPTRW to see if caller has schedule K1 under year in question!
I am used to report U.S Income Tax Return for an S Corporation.
My due date is on March 15
I am form 1120-S
My name is Mila Coqui, and I want to establish a payment plan for $15,000 monthly.
Balance due is $255,000 AAB. Per calculations the amount proposed meets CSED and will be fully paid. Can the agreement be approved? Does it require any specific actions besides the managerial approval?
Needs a financial statement since AAB is over $250K & referral to manager for approval.
SETR stands for...
Single Entry Time Reporting
TDI's from 2018 can be closed under the 6-year mark?
Yes!
***Bonus*** what is the TC?
Are SCP employees required to use the high risk IAT disclosure tool for IDT cases?
No, only AM employees
I am filled annually.
My due date is January 31st.
I report Employer's Annual Tax Return
I am form 944 Employer's Annual Federal Tax Return
My name is Peter Pelao and I'm struggling with paying this balance. I recently lost my job; I don't have any income and I'm trying to get government assistance.
Account balance is $9,425.62 (AAB) TP has no source of income. Is a financial required? Do we need to refer case to a manger? Is a lien filed?
A financial or manager approval isn't required & can be closed as CNC Exception under IRM 5.19.17.2.4.1.
No lien required since AAB under $10K
What are the types of CAWR?
IRS CAWR
SSA CAWR
4.19.4.11 IRS-CAWR/SSA-CAWR — CSR Information
What are the due dates for the Estimated Tax Payments?
Estimated tax payments are filed on Form 1040ES. Payment due dates for a calendar year return (unless the due date falls on a holiday, Saturday, or Sunday) are:
First Installment - April 15
Second Installment - June 15
Third Installment - September 15
Fourth Installment - January 15 of the following year
What is the main IRM for SCP Incoming Call Procedures?
5.19.5.12.2 SCP ACS Incoming Call Procedures
Everyone wants a piece of me...
They think I'm a savior that can erase all
Little they do know is hard to be granted if there isn't a "reasonable cause"
I am form 843.
My name Angela Millones I'm a business owner and I want to establish a payment plan for my corporation.
This business has 941/940/1120 that are filed. AAB is $26,000 & TP is offering $2,500 monthly that meets 24 months IA.
Can we still establish IA? Yes, No? What we need to do?
No, since AAB is over $25K qualifies for RO.
We can recommend completing a VLSP to lower amount under AAB to establish IA that will need to be DDIA if more than $10k or with a previous defaulted IA.
________________ is the requirement for workers and their employers to contribute to Social Security & Medicare.
FICA or Federal Insurance Contributions Act
List three Tax Exempt Organization forms
990
990-EZ
990-T
**Bonus** Two more!!
If POA calls and states doesn't have CAF number available. Can we continue the call? Is there any additional information that can be required?
Yes, we may continue by asking POA his address & validating thru CC INOLES.
21.1.3.3 (11) Third-Party (POA/TIA/F706) Authentication
I am filed quarterly!
I'm not the most common form.
I am used for Enviromental, Fuel, Air transport taxes
I am most known as Exci??...
I am form 720- Quarterly Federal Excise Tax Return
Balance over $50K
CIS
AAB $2,500 for each module & $10,000 overall in the account
Notices in each module to be filed, such as LT11,LT39 CP501, CP503, CP504