Example:

TC 670 04152019 $6,000,000.00- 20182308 29000-001-00000-0 DESG-PYMT-CD>64

Always review RTR when possible; taxpayers often write 965 in the memo line of checks.

EFTPSE vouchers will show indication of 965 if the taxpayer indicated IRC 965 when making the payment.

Review TXMOD for indication of payments that have previously been moved with a DPC 64.

Review BMFOLM for the tax year IRC 965(h) was elected (201711-201911) to identify installment payment amounts due to assist in payment placement. See IRM 3.14.2.6.5.6, IRC 965(h) Liability Schedule CFOL Screen (Command Code BMFOLM).

For returns where an IRC 965 inclusion was made during the inclusion period (201712-201911), there will be a TC 971 AC 114 posted with the original return. The Miscellaneous Field will show the total amount of the IRC 965 transition tax minus any amount deferred under 965(i), as shown on the original return. This amount will be included in the TC 150 amount. For 2017 BMF returns, if the taxpayer elected the IRC 965(h) tax deferral method, there will also be a TC 971 AC 115 posted for the deferred tax amount with the original return.