IRS Software and Tools 4

Question 1

Which IRS online system allows payroll service providers to electronically file employment tax returns such as Form 941?

Accepted Answer

MeF (Modernized e-File)

Answer

EFTPS Batch Provider System

Answer

IRS Business Services Online (BSO)

Answer

e-Services Bulk Provider System

Question 2

What is the IRS Secure Object Repository (SOR) primarily used for by tax professionals?

Accepted Answer

Securely receiving large files from the IRS such as bulk transcripts

Answer

Storing client consent forms digitally

Answer

Submitting amended returns electronically

Answer

Managing CAF authorizations online

Question 3

Which IRS tool is used by software developers and transmitters to test their products against IRS MeF schemas before the filing season?

Accepted Answer

IRS Assurance Testing System (ATS)

Answer

MeF Sandbox Environment

Answer

OSPC Test Lab

Answer

e-File Pilot Program Portal

Question 4

A practitioner is using the Transcript Delivery System and wants to obtain a client's wage and income transcript. Which transcript type should they select?

Accepted Answer

Wage and Income Transcript

Answer

Tax Return Transcript

Answer

Tax Account Transcript

Answer

Record of Account Transcript

Question 5

Which IRS system is used for the real-time verification of taxpayer identification numbers (TINs) to ensure accuracy before filing information returns?

Accepted Answer

TIN Matching Program

Answer

CAF Lookup Tool

Answer

e-Verify for Tax

Answer

SSN Validation Portal

Question 6

What must a Transmitter do after the IRS acknowledges all returns in a batch submission through MeF?

Accepted Answer

Provide the ERO and taxpayer with copies of the acknowledgment

Answer

Notify the IRS of accepted returns via a separate confirmation form

Answer

Archive the XML schemas used for the submission

Answer

Resubmit rejected returns within 24 hours

Question 7

Which IRS e-Services feature allows a tax professional to obtain a client's income verification for mortgage or lending purposes?

Accepted Answer

Income Verification Express Service (IVES)

Answer

Wage and Income Transcript via TDS

Answer

Lender Authorization Module

Answer

Form 4506-C automated processing