Reminder:

Do not transfer credits dated earlier than the tax period.

Check for credits on others MFTs and Fiscal year ending returns. Decide correct Filing Requirements before transferring credit.

If timely credits have posted to a module with no TC 150, and they match the tax liability of the notice module, the return may have posted to the wrong tax period. Verify the tax period. Follow instructions in IRM 3.14.2.6.18, Reprocessing Returns and IRM 21.8.2 , BMF International Adjustments, for International notices.

Do not void a CP 161 or CP 861 if fully paid by credits that offset (TC 706) into the notice cycle. A CP 138 will generate from the Losing module. Print the notice.

Do not label if the offset partially pays the module. A CP 138 will generate from the losing module. Print the notice.

Do not move TC 766 credits from a different module on a Form 8752, MFT 15 generating a CP 161. Only misapplied payments should be moved.

Form 8288 MFT 17 (OSPC Only) Specific Review: Research using IDRS and BMFOLI for possible misapplied payment(s). The missing payment may have posted to the incorrect tax period. In this case, BMFOLI will show the account you are working and the account the payment posted to.

If the Tax Period on the CP 161 is 20XX01 and the missing payment is on Tax Period 20XX02, look at the "DT-OF-TRFR>" on TXMODA to determine if the payment belongs to your module.