Code 240: assessment of miscellaneous civil penalty.
From IRS Document 6209, the IRS's processing codes manual.
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Document 6209 says
Debit. Used on individual (IMF) accounts.
Assessment of Miscellaneous Civil Penalty
The full Document 6209 entry, as printed
Debit (NPJ) I/B A Assessment of Miscellaneous Civil Penalty 47, 54, 51 Computer generated TC 240 post to a tax module when a miscellaneous type penalty is assessed (i.e., other than those penalties which are identified with their own TC or reference no.). See Section 10.10(6) for appropriate Penalty Reference Numbers.
After code 240
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Questions people ask
What does code 240 mean on my IRS transcript?
Document 6209 calls it "Assessment of Miscellaneous Civil Penalty".
Sources
Checked against these sources on October 30, 2026.