Caution:

At least three cycles must remain when transferring credits from a Q- Freeze to allow sufficient time for the transfer to post. When less than three cycles remain, see IRM 3.14.2.6.8 (7), -Q Freeze Decision Table more information.

Specific Review Form 990, Form 1041 and Form 1120:

Check the notice module for posted estimated tax payment(s). Transfer payment(s) from the notice module to the correct module if the payment amount matches other posted payments and the date is in line with required estimated tax payments.

Transfer the payment if it is one-fourth or a multiple of one-fourth of the total tax liability on the notice module and the payment date is in line for the next tax year module.