Caution:

When attempting to post a TC 767 CRN 263 to reduce the deferral, there MUST be a minus sign after the amount, otherwise the adjustment will post as a TC 766 CRN 263 increase to the deferral amount.

SOURCE-DOC-ATTACHED>

Enter Y if yes. Enter N if no.

If you do not have the original or amended return/correspondence in hand, input N.

The TC 766 CRN 263 amount should never be greater than the TC 971, AC 114 amount. The below table information is for leads only if an adjustment is approved by HQ.

If

Then

The TC 766 CRN 263 amount exceeds the TC 971, AC 114 amount

Review the Transition Tax Statement or Form 965-A or Form 965-B for the correct section 965 total tax and deferred tax amounts

The TC 971, AC 114 amount was entered incorrectly

Use CC REQ77 to input a new TC 971, AC 114 with the correct amount entered in the Miscellaneous Field.