4 - Erroneous AbatementThe timely filed TC 150 return for TY 2018 is determined to be a nullity. The valid taxpayer filed a return reporting tax of $.00 and withholding of $2,500 which posted as a TC 976. Form 14039 is included with the return. The ASED for the valid return is expired. Based on the original return, the account shows TC 150 tax of $5,000, and withholding of $6,000. A CP 2000 proposing a tax increase of $2,000 based on unreported income is issued to the valid taxpayer’s last known

Example:

Internal Revenue Manual Part 25. Special Topics · 2026-10-03 edition · updated 2026-10-04 · United States

A TY 2019 return is filed married filing jointly with 2 qualifying children and an AGI of $160,000. The AGI exceeds the $150,000 limitation, and EIP phase out applies. $160,000 − $150,000 = $10,000. $10,000 × 5% = $500. EIP 1: The taxpayers will receive $2,900 ($2,400 MFJ base amount + $1,000 for the qualifying children − $500 due to phase out).EIP 2: The taxpayers will receive $1,900 (1,200 MFJ base amount + $1,200 for the qualifying children − $500 due to phase out).

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — Internal Revenue Manual Part 25. Special Topics

Internal Revenue Manual Part 25. Special Topics

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.