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20.2.7.2
(08-01-2006)
Interest Abatement Coordinators (IAC)
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Interest Abatement Coordinators work claims for
abatement of interest as follows:
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Maintain manual inventory controls if these claims
cannot be controlled on functional control systems such as AIMS/ERCS, ICS
or IDRS.
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Review claims and make preliminary determinations.
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Request necessary documentation including current
TXMOD or Master File transcripts.
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Claims relating to IRC section 6404(e)(1), coordinate
with the area that allegedly caused the error or delay (Generally, the functional
area responsible for the alleged error or delay should make the abatement
determination. Claims should be worked in the office where the alleged delay
or error occurred.)
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Determine the dollar amount to be abated, or "from"
and "to"
dates applicable to the
abatement period.
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Forward proposed determinations for approval following
locally established guidelines.
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Advise the taxpayer of the claim determination and
reasons for it.
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Insure that proper abatement action is completed.
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Provide status updates on all requests.
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lACs are delegated the authority to issue claim
determinations, under IRC section 6404(e)(1) for full disallowance when the
claim is immediately disallowed by statute. For example:
a claim
for abatement of interest on an employment tax liability or a claim that pertains
to 1978 or prior. See IRM 20.2.7.4.2.
.
20.2.7.2.1
(07-31-2001)
National Office - Interest Abatement Coordinator
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The National Office IAC will:
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provide policy and procedures for interest abatement
claims.
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monitor procedural effectiveness and make recommendations
or changes as warranted.
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