Note:

If the return is not available for partner verification, check BRTVU or TRDBV for number of partners on previous tax years.

Abate or adjust the penalty (using CC REQ54, Blocking Series 00, TC 16X or TC 24X with applicable PRN, Hold Code 3) based on the penalty computation using the correct number of partners. Void or retype the notice, as applicable.

The postmark is timely for the Return Due Date or for a posted extension

Abate the TC 166 or TC 24X penalty (using CC REQ54, Blocking Series 00, TC 16X or TC 24X with applicable PRN, Hold Code 3) and void the notice.

A payment(s) or refundable credit is on the module or in the payment tab area of OLNR for a notice generating from Form 1120-S

Retype CP 162, CP 162A or CP 162B and add the total payment amount to the Less Penalty Paid Field. Change MIC Code to 00 except if retyping a CP 162B where the correct MIC code is required (see IRM 3.14.2.6.10.3, CP 162B Missing Information on Form 1065 and Form 1120-S General Review Procedures, for more information on MIC codes).

Void any additional current cycle notices that are selected for the same EIN, MFT and Tax period. (They will be in the same batch.)

The return was filed by an extended due date and the extension has posted on an open tax module (no TC 150)

Delete the extension from the open module and add the extension to the notice module using CC REQ77. Void CP 162, CP 162A or CP 162B. Input TC 290 .00, appropriate Blocking Series, Hold Code 3 to suppress the next adjustment notice.

The extension was timely filed and Form 1065 is received by the short period extended due date, (the 15th day of the third month following the date of termination)

Input the extension on the notice module using CC REQ77. Void the notice. Input TC 290.00, appropriate Blocking Series, Hold Code 3 to suppress the next adjustment notice.

The extension was timely filed and Form 1120-S is received by the short period extended due date (third month following the date of termination)

Input the extension on the notice module using CC REQ77. Void the notice. Input TC 290 .00, appropriate Blocking Series, Hold Code 3 to suppress the adjustment notice.

The extension was processed to an incorrect tax period (prior year)

Determine timeliness of the extension, using the Julian date of TC 460 and/or TC 620.

If the Julian date makes the extension timely filed, delete the extension from the incorrect module and add the extension to the correct module using CC REQ77. Void CP 162, CP 162A or CP 162B.

If the Julian date indicates the extension was not timely filed for the correct tax period, delete the extension from the incorrect module. Print the CP 162, CP 162A or CP 162B.