Understanding the Module Section For MFT 55 - PowerPoint PPT Presentation

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Understanding the Module Section For MFT 55

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  1. Understanding the ModuleSection For MFT 55

  2. Learning Is a Process • Information is gathered or provided. • You can gain Knowledge from this information. • You must develop Understanding from the knowledge • Competency or Wisdom is developed from the understanding. • Information + Knowledge + Understanding = Wisdom

  3. Sections to IMF • Entity Section • Module Section • Transaction Section

  4. Module Section • TDA COPYS = TAXPAYER DELINQUENT ACCOUNT COLLECTION POTENTIAL YIELD SCORE — Represents potential benefit that may be achieved from pursuit of collection. The higher the score, the greater the potential benefit • Notice the ASED is all 00000000… However the ASED in the MFT 30 module is set…. This is a volation by the IRS of not setting the ASED in this Module.

  5. Field Meanings • TAX PERIOD 55 200812 = MFT 55 Module 2008 • REASON CD - Reason Code (Page 100) • MOD EXT CYC - Module Extension Cycles • TFRP- Trust Fund Recovery Penalty • CRINV- Criminal Investigation • LIEN- Lien Filed

  6. Field Meanings • 29210-888-00000-4 DLN (Page 65) • CAF- Centralized Authorization File (Code of Authorized IRS Representative) • FZ> Freeze Codes (Page 157…) • TDA COPYS- Taxpayer Delinquent Account • TDA COPYA = TAXPAYER DELINQUENT ACCOUNT COLLECTION POTENTIAL YIELD SCORE — Represents potential benefit that may be achieved from pursuit of collection. The higher the score, the greater the potential benefit • TDA COPYS- Taxpayer Delinquent Account • INT TOLERANCE- Interest Tolerance • MATH INCREASE – Math Increase

  7. Field Meanings • MF MOD BAL – Master File Module Balance • ACRUED INTEREST – Accrued Interest • CSED - Collection Statute Expiration Date • ACCRUED PENALTY – Accrued Penalty • RSED – Refund Statute Expiration Date • FMS-IA CD-0 Financial Management Service?? • ARDI-0 Accounts Receivable Dollar Inventory • ASED - Assessment Expiration Date