Reminder:

If a notice needs to be held past cycle, the lead must notify the Headquarters analyst.

Form 706 and Form 709 - Specific Review: Use CC IMFOL to research the IMF SSN (for joint returns check both SSNs) for possible misapplied payments. For Form 709, a missing extension payment may be posted to the Form 1040 account use the table below to determine account actions:

If

And

Then

There is excess credit on Form 1040 that is refunding

The overpayment equals the amount claimed on the Form 709

1. Stop the refund on the Form 1040 account. Refunds in IMF can only be intercepted if there is a TC 570, DLN blocking series of 55555. If there is a TC 846 the account has already refunded. If there is a TC 846 on the IMF account, skip step 2 and 3. Add the extension if necessary. 2. Transfer the credit. 3. Input a CC STAUP for 9 cycles on the Form 709 account. 4. Add the extension to Form 709 account if no extension has posted and there is a TC 460 on the IMF account. See Exhibit 3.14.2-11, Adding and Deleting Extensions for more information.