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Section 101. Schedule K-1 Processing›3.0.101 Schedule K-1 Processing›Section 16 Errors

Section 16NM1 - Payer 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 (-), blank, 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 entry errors. If name is not present, research using the TIN if present.

If

Then

There is a name entered in SEC16NM2

Move to SEC16NM1.

TIN research matches name in 16ADD

Enter name as payer and enter the street address (if City/ST match) from CC INOLE into SEC16ADD.

There is an address match on CC INOLE

Enter the name from CC INOLE as the payer.

There is no name match or information on CC INOLE

Enter "Z" and continue processing.

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