Number›Assessment Control Main Menu
Non-Tax Assessment and Non-Tax Abatement (Ogden CFO RACS Unit only)
Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States
The Assessment and Abatement journals are used to record non-tax revenue assessments and abatements. These accounts and journals are used to record Arbitrage Assessments and Abatements. These will not be on the assessment or abatement reports.
These are valid accounts for Non-Tax Assessments (journal #690).
Account Number
DR/CR
Account Name
Arbitrage Assessment
4110
Debit
ECC Suspense for Master File-BMF (reverse will be opposite)
6010
Credit
Arbitrage Revenue (reverse will be opposite)
Arbitrage Penalty
4110
Debit
ECC Suspense for Master File-BMF (reverse will be opposite)
6011
Credit
Arbitrage Penalty Revenue (reverse will be opposite)
These are valid accounts for Non-Tax Abatements (journal 695).
Account Number
DR/CR
Account Name
Arbitrage Abatement
6510
Debit
Overassessment Credited
4110
Credit
ECC Suspense for Master File-BMF
Reverse Abatement
4110
Debit
ECC Suspense for Master File-BMF
6510
Credit
Overassessment Credited
Get a plain-English answer with a citation back to this text.
Ask AI about this code