Code 290: additional tax assessment.

Debit (NPJ) I/B Additional Tax Assessment 54 Additional tax as a result of an adjustment to a module which contains a TC 150 transaction. TC 290 with zero amount or TC 29X with a Priority Code 1 will post to a -L freeze module. Generates assessment of interest if applicable (TC 196). Releases the following freezes: O-Reactivated Account, -A Duplicate Return, -K Refund Hold, W- 470 hold, -R 570 hold, -F Advanced Payment, -X Manual Refund, P-841/720, -G Math Error, -J Math Error/TDA/BAL DUE, R- RPS, B- Subsequent Payment, -Q WPT, 680 Hold (See Freeze Code Sec - tion for specific conditions). TC 290 with zero amount blocked 96X indicates a taxpayer penalty abatement request was considered and rejected. Reversal is TC 290 blocked 97X. Can be used for Civil Penalty assessments on MFT 30, 55, and 13. IMF: Additionally releases 680 hold and freezes for Invalid SSN or Account Reactivation. Needs reason and source codes. May need priority and/or hold codes. 290 Debit (NPJ) I/B Additional Tax Assessment 54 BMF: Releases freezes for 842. TC 290’s, MFT 10, Blocking Series 500-519, have been designated for FUTA use only. A Reference Code of 998 or 999 is generated by BMF files respectively from Alpha Code “T” or “W” along with a valid state code on FUTA Adjustments. May need priority and/or hold codes. IMF: If a TC 888 is input without a TC 886, and the Taxable Income (TXI) on the tax module is greater than .00, then the TXI is automatically adjusted by the TC 888 amount. The TXI on the module will not be adjusted below zero. TC 290 blocked 180-198, 780-789, 960-969 or 980-989 (MFT 55: Blocking Series 530-539, 960-969, and 980 - 989. Exception: prior control is doc code 54 blocked 59X), will generate a CP55 Notice to Re-file Return. Re: Form 1042, 290-to increase tax liability no reference number is used, 291-to decrease tax liability no reference number is used, 150-reference number “011” to update the gross income paid See section 8 for credit reference adj. codes.