Caution:

The amounts posted with CRN 280 do not represent a refundable credit. The CRN 280 amounts are a false credit used to mask balances owed towards the deferred portion of the employer’s share of social security taxes for 2020 until the earlier of the payments toward the deferred tax being made or the due date(s) for payment coming due (i.e., December 31, 2021 and December 31, 2022). This methodology was used to ensure penalty and interest calculations associated with the 2020 deferred payment amounts were accurately computed.

Upon the posting of the return, Master File programming will ensure the TC 766 CRN 280 credit does not erroneously cause an overpayment condition that includes a portion of the CRN 280 deferred credit by posting a TC 767 CRN 280 for any overpayment which consisted solely of amounts permitted to refund or offset.