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Business Filer Notices - Math Error Explanations for CP 268 - Form 720 Filers

The table below contains a list of all Math Error explanations that may print on a CP 268 notice related to Form 720.  To find the ones that printed on a particular CP 268, look on the tear-off stub to find out which codes were assigned, then look up each code on the table below.

Code Description
01 We found an error in the computation of the balance due or the overpayment amount.
02 We cannot allow the amount (or a portion of the amount) shown for claims from Schedule C because it was not claimed within 3 years from the time the original return was filed, or within 2 years from the time the tax was paid.
03 We found an error in the computation of your total tax.
04 We cannot allow part of the amount shown for claims from Schedule C, because claims on Form 720 cannot exceed the tax reported on the return. To receive any remaining credit or refund, you may use Form 8849, Claim for Refund of Excise Taxes, or if applicable, Form 4136, Computation of Credit of Federal Tax on Fuels.
10 We found an error in the amount shown for claims from Schedule C.
24 We found an error in the amount reported as total Federal Tax Deposits for the quarter and/or overpayment from the previous quarter.
90 Fill-In Narrative. 
Page Last Reviewed or Updated: 20-May-2013