Example:

Form 1120 for tax period ending Dec. 31, 2023.

Use caution when applying a label for a pending (AP, PN, RS, UP, CU, or TP) credit transaction.

A TC 650 or TC 660 pending on the NRPS contents page that overpays the notice module and is dated later than the last day of the tax period may not post to the notice module due to computer rollover analysis. (A TC 650/660 .00 will be displayed on BMFOLT to indicate a credit has rolled when attempting to post to the module.) If the payment overpays the module, but does not appear on BMFOLT as a posted payment, decide if the payment will post. If the payment will post to the notice module, label the notice. If unable to decide, do not use a label.

If a pending transaction is unpostable, do not apply a label if unable to determine if the transaction will post, instead print the notice.

If the transaction is RS, TP, or UP, CC INTST will not reflect the penalty computation for FTP and interest. If the correct balance on the module is required, use CC COMPAF to figure the correct FTP amount and CC COMPA to figure the correct interest amount.