How to fix the audit errors in my Form 1120-POL?
348 views |Last modified 4/11/2024 6:45:45 AM EST |
Follow the explanations shared below for each error code that notifies you to fix while filing Form 1120-POL.
| Error Code | Error Message |
| FA-366 | Signing Authority details must be completed. |
| FA-367 | IRS Payment details must be completed. |
| FA-368 | Since you've indicated that excise tax based on investment income is owed to the IRS, you must enter information on how the payment will be made under “Excise Tax Based on Investment Income. |
| FA-375 | IRS Process only last three years returns. |
| FA-381 | Books Are In Care Of details must be completed |
| CUSTOM-01 | Tax Period beginning date must be within the tax year |
| FA-613 | If you are a CPA user, CPA details must be completed. |
| FA-004 | Please enter a valid zip code. |
| FA-001 | The organization's name must not be left empty. |
| FA-002 | The State field must not be left empty. |
| FA-003 | The Country field must not be left empty. |
| FA-011 | Please enter a valid Phone Number. |
| FA-357 | You will not be able to efile your form due to the IRS name change restrictions, however you can continue with this return. You will be able to generate a complete 1120-POL document and file it by mail with the IRS. |
| FA-358 | The short period return can only be e-filed if it is an “Initial Return” or “Final Return”. If it doesn’t satisfy these both conditions, then you need to paper file the return to the IRS. |
| FA-359 | You cannot e-file Form 1120-POL for short Tax year, unless it is an initial return or a final return, instead you can paper file Form 1120-POL. |
| FA-360 | Tax period end date is greater than the current date. The IRS will process the return once the tax period ends. |
| FA-361 | Tax Exempt status cannot be blank. |
| FA-362 | In the Form 1120-POL, if foundation is a Section 501(c), then Line Net investment income amount must have a value |
| FA-363 | In the Form 1120-POL, if foundation is not a Section 501(c), then Line Net investment income amount must not have a value |
| FA-364 | In the Form 1120-POL, if foundation is a Section 501(c), then Line Exempt amount must have a value |
| FA-365 | In the Form 1120-POL, if foundation is not a Section 501(c), then Line Exempt amount must not have a value |
After resolving all the errors and cautions based on the error messages, you can continue to transmit the return to the IRS.
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