Caution:

When attempting to post a TC 767 CRN 263, input the CRN amount with a minus sign.

If after the payment(s) are posted to the inclusion year/triggering event year module, the module is in a credit balance and the Section 965 liability has been paid in full, the credit can refund or offset as normal

The 965(h) inclusion year module and/or the triggering event year module is in a debit balance

No misapplied/ miscoded IRC 965 payments are located and there is no indication on the module that the Section 965 liability has been accelerated

Refer the account for possible acceleration. ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡

The 965(h) inclusion year module and/or the triggering event year module is in a debit balance

There is an open control base and one of the following history items on TXMOD: L6154, 965/L6154, 6154SNT

Contact the employee with the open control, before taking any action on the account.

The 965(h) inclusion year module and/or the triggering event year module is in a debit balance

There is a history item on TXMODA of 965ACCEL

The liability has been accelerated, and payment of the entire Section 965 liability is due in full. Do not input a TC 766 CRN 263 to re-establish the deferral.

If it appears an adjustment to a TC 76X CRN 263 is required, a lead or manager should review the case and route to HQ for review and possible routing to an IRC 965 team. The below table information is for leads only if an adjustment is approved by HQ.

Field

Adjustment

More Information

EIN

MFT

TX-PRD

NM-CTRL

N/A

These fields will auto-populate.

SEQ-NUM>

Input sequence number of the adjustment

Number adjustments in sequential order

BLK>

Input 15 unless MFT 05 then input 17

Input 17 for MFT 05, Input 15 for all other applicable MFTs

INTCMP-DT>

Input the interest computation date for the adjustment as applicable

This field is used when inputting a TC 298.00 CRN 263 adjustment. The TC 298.00 CRN 263 adjustment should carry an interest computation date of the installment due date OR the date of the payment (whichever is earlier) unless there is interest on the module, in which case, the installment due date should be used.