Tax Returns
What month do you need to file your taxes by each year?
April
Bonus*** Date of filing
**Date of extension to file**
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 last name, does it count as a disclosure error?
Yes, both names need to be given.
You fill me out every time you start a new job
What you write on me determines how much your employer withholds in taxes
I am a W-4
SCP stands for...
Special Compliance Personnel
Name an app you can use to send money to a friend using your phone
Answers may vary
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
You will receive me from your employer
You need me in order to file your taxes
I am a W-2
MFT stands for
Master File Tax
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
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 mailed it
My name is Ashley Perez and i'm calling for a client. I have a 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 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
LSR stands for....
Leadership Sucession Review
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
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
CLP stands for...
Career Learning Plan
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 PPIA is required.
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
5.19.5.12.2 SCP ACS Incoming Call Procedures
I am filed quarterly.
I need employees to survive.
My due dates are April 30, July 31, Oct 31 and January 31
I am form 941
SETR stands for...
Single Entry Time Reporting
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.