AUR or PBJ
How does the IRS check for income discrepancies and how long do we have to do so?
Through the AUR document matching process, the Service compares income reported on a TP's return to what was reported by all payers. The ASED is three years.
In general, what does the Examination department check?
They review returns for incorrect items such as credits erroneously claimed, exemptions and dependents that a taxpayer cannot claim, incorrect Filing Statuses, mistakes on expenses on certain schedules, etc.)
What are the three Civil Penalties that a CR will most often come across?
W-4 penalty for incorrectly inflating exemptions to withholding,
Frivolous penalties for purporting, in writing, arguments that have been struck down in tax court,
TFRPs when a business fails to turn over required employee withholdings.
Who performs a SFR?
SFRs are done by Exam and are assessed via a TC300.
What Freeze Codes will a CR see on an account designated under a Disaster Zone?
-O and -S
Peanut
What is the criteria for a taxpayer to request an Exam reconsideration?
In order to request an audit reconsideration:
1. The taxpayer must have filed a tax return.
2. The assessment must be unpaid, or the taxpayer is disputing that the Service
has reversed their tax credits.
3. The taxpayer must know which adjustments they are disputing.
4. The taxpayer must provide additional information not considered during the
original Examination.
True or False: The Trust Fund Recovery Penalty (TFRP) is assessed by a Revenue Officer on individuals who have been deemed a responsible person and who willfully fail to pay over withheld trust fund taxes to the IRS.
True
Who performs an ASFR?
ASFR are automated assessments and carry a TC 290.
What Freeze Code and IDRS Status will a CR see on a CZ account?
-C; Status 43
What notice is sent by AUR proposing an assessment?
cp 2000
True or False? The taxpayer can be transferred directly to the Exam department if they meet the criteria for audit reconsideration.
True
True or False: Payments made on TFRP modules are cross-referenced to all others assessed the same penalty.
What does TC 599 cc089 indicates?
Agreed/original return filed.
What transaction code indicates that an account is assigned to PDC?
TC971 AC054
Jelly
An Exam assessment of tax will post with what TC?
TC 300
What MFT code indicates that a Civil Penalty has been assessed?
What is the ASFR Reconsideration mailing address for an ASFR return if the TC 150 DLN begins with 11,13,19 or 22?
Brookhaven Campus ASFR UNIT STOP 654 PO BOX 9013 Holtsville NY 11742-9013
What status code indicates an account in bankruptcy status?
ST72
What are some of the IDRS codes that will indicate and explain an AUR assessment?
TC 922, TC 290 with the Reason codes/Credit Reference Numbers, Process Codes
What TC indicates that an examination is closed.
TC 421
True or False: Only an officer of a corporation could be deemed a responsible party.
False
False
-V