Note:

For 2021, the amount requested on Form 7200 could not exceed 70% of average quarterly wages paid in calendar year 2019.

When Form 7200 was received timely, a TC 290 .00 with CRN 299, Reason Code (RC) 219 is input with a hold code of 3 with the amount of the advanced payment in the Misc Field. The transaction posted as a TC 766 CRN 299 on the module. Once posted an immediate TC 846 systemic refund for the same amount as the TC 766 less any offsets generated. ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ These credits post to the module and refund/offset prior to the posting of the TC 150. Advanced refunds were not permitted after the posting of the TC 150.