Note:

Although a HC 3 is used when inputting the TC 290 .00 CRN 299 RC 219 adjustment to suppress the notice, if there is an offset on the module a CP 138 will generate and should go out to notify the taxpayer of the offset.

Advance credit payments are reconciled by the IRS when the taxpayer’s employment tax return is processed. Once processed, the system will reverse all the TC 766 CRN 299 advance payment transactions previously posted and replace them with a:

TC 766 CRN 299 for the amount on Form 941, line 13c or the equivalent lines on annual employment tax returns.

TC 766 CRN 296 for the amount on Form 941, line 13d or the equivalent lines on annual employment tax returns.