Note:

Use CC COMPA to compute penalties and interest when CP 260 retype is required. Input CC STAUP for 9 cycles.

Check the module for a pending tax adjustment. Follow the table below for CP 260 notice disposition.

If

And

Then

The adjustment contains: 1. No Hold Code 2. Hold Code 1 or 3. Hold Code 2, with a pending Doc Code 24/34 credit transfer

Void CP 260.

The adjustment contains: 1. A Hold Code 2, with no pending Doc Code 24/34 credit transfer 2. Hold Code 3 3. Hold Code 4

The module balance will be full paid or credit

Void CP 260.

The adjustment contains: 1. A Hold Code 2, with no pending Doc Code 24/34 credit transfer 2. Hold Code 3 3. Hold Code 4

The module will remain in balance due

Retype CP 260 with the correct balance due.

If the payment was transferred to a module for another taxpayer, (different TIN), print CP 260.

It is important to know that the penalties and interest shown on CP 260 are accrued, and not yet assessed on the module and the taxpayer has not been previously notified of these accruals.

Always input history items when voiding, labeling or retyping CP 260.