Note:

When timely credits are applied to a module containing a TC 170, a CP 234 transcript will generate. Accounts Management will review and recompute the ES Penalty if necessary.

Forms 990 /1041/1120 series - Specific Review - Penalty (TC 276, 166) and Interest (TC 196): The taxpayer may have included any combination of FTP penalty, FTF penalty, and interest in the balance due amount on the return. If the return is included in the NRPS package, review thoroughly for any notation. Also, consider the taxpayer's addition of penalty and interest when looking for a missing payment.