Restricted Failure to Pay Penalty Freeze (G-)

This restricts the Failure to Pay penalty.

Any of the following conditions will set the freeze:

TC 270/271 (except with Reason Code 62)

TC 320 (Return due date is before 1-1-87)

TC 534 (for significant amount)

TC 780 with a TC 480

Any of the following actions will release the freeze:

TC 272 (zero amount)

TC 321

TC 535 (if the TC 534 amount is completely reversed)

TC 781 or TC 782

Manually compute the penalty and retype the notice if necessary.