Txmod
What is the TC for a pending IA?
TC 971 cc 043 (IRM: 5.19.1.6.4.7 Pending IA Criteria)
bal below 10k , tp cant work - what do they qualify for?
exception
non streamline , doesn't meet mirroring requirements, which checklist to use?
non streamline , doesn't meet mirroring requirements, which checklist to use? -reg mmia
How long is a Fin valid for?
1 year
For BMF DISCLOSURE: ein, COMPLETE name ,address,__________.
position in company
If the TC300 is present then the ASFR was assessed by ____.
Exams
under which circumstances would a fin need to be completed?
hardship
tp standalone TDIs (no balance)
return deliq, no balance due
Does TP have to be filling compliant for a FIN to be done?
Yes (IRM:5.19.13.3 Securing Financial Information)
If a corporation calls in and you are speaking with the cooperate officer, what should you ask them?
Can you legally bind?
What's the TC Code for Shelving a TDI (MISSING RETURN)
answer TC 598 cc032 (IRM :5.19.17.2.4)
Can a BMF account be placed on a cnc? if no, what should you do
no - send to RO
tp says they can pay when they get their Christmas bonus from work next week....
Full pay (up to 180 days)
true or false: For any expense that carries a standard, you can allow up to a 250 percent overage on the standard without questioning the taxpayer or requiring any substantiation.
false
can a janitor speak for a cooperation?
yes if he can legally bind
On TXMODA, what does a TC code 922 by its self mean?
AUR T/C 922 UNDER REPORTING IS OPEN
what is one of the criteria for a mft 31/65 mirrored acct, cnc?
Make a determination when one of the following are present on a joint liability:
IRM 5.19.17.2.10.1
tp is incarcerated and will not be able to pay
cnc
??????Its not usually considered a necessary expense, however you should include all payment and credit line details on the ____ screen
credit cards
TRUE OR FALSE Notice of Federal Tax Lien (NFTL) remains in effect until the balance is paid in full, including all accrued interest and penalty
true
if TC 922 and TC 290 are together, what does that tell us?
T/C 922---- CC 290 UNDER REPORTING IS CLOSED
Incarcerated TP calls for CNC and AAB is less than Tolerance/Deferral. what's the TC code to close the account?
TC 530 cc 09 (IRM: 5.19.17.2.5 Incarcerated TP)
if tp filed 3 for the past 3 consecutive tax years and you set them up on an IA ...
Express IA
***DAILY DOUBLE***true or false : Since the IRS is not out to harm the tp and we must remain fair, we allow taxpayers to claim the same vehicle expenses for both personal and business use if they can prove they use the vehicle for both.
Income Determination 5.19.13.3.1
Absolutely not, that is considered double dipping.
A WOEA of levy is given on all balances over $150 when the taxpayer has made a promise or commitment
false