Note:

Deposits with TC 620 may have incorrect FTD penalties. See IRM 20.1.4-8, Form 1042 Deposit Requirements for All Periods, for more information.

Compare notice with IDRS with emphasis on CP/TRNS 193, TC 976, A- Freeze for additional actions.

If necessary, input a CC STAUP for 15 cycles and forward to Accounts Management using local control procedures.

If an address was corrected and there is an overpayment which will be refunded, intercept refund and prepare a manual refund. Follow the decision table below.

If

Then

withholding agent located within the U.S.

Form 1042 processed with File Location Code (FLC) 29.

withholding agent located outside of the U.S.

FLC is 60.

withholding agent located in U.S. Territory

FLC is 78.

only action is to change location code

Do not intercept the refund.