Skip to content

Section 101. Schedule K-1 Processing›3.0.101 Schedule K-1 Processing›Section 01 Errors

Section 01NM1 - Payee Name Line 1

Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States

Valid characters are alpha, hyphen (-), blank, numeric, and ampersand (&).

Invalid Conditions:

Field is completely blank.

Field has characters other than alpha, hyphen (-), numeric, or ampersand (&).

A character follows two consecutive blanks.

The first position has a blank.

The number of character positions is more than 40.

Correction Procedure:

MeF - Correct all coding and transcription errors. If name is not present, research using the TIN if present.

If

Then

There is a name entered in SEC01NM2

Move to SEC01NM1

TIN research matches name in 01ADD There is an address match on CC INOLE

Enter the name from CC INOLE as the Payee

There is no information or no information on CC INOLE

Enter "Z" and continue processing

Get a plain-English answer with a citation back to this text.

Ask AI about this code
▸Contents — Internal Revenue Manual Part 3. Submission Processing

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.