CP 268 Sample Contents
We have corrected an error on your return for the reason(s) listed below.
In addition, there is also a difference between the total credits claimed on your return and the total credits applied to your account, resulting in a potential overpayment.
Our records show the following:
Tax as reported on return
Total estimated tax payment (ESP)
Credit applied from prior period (CR)
Other credits (OTHER)
Total deposits, credits and payments
Less: overpayment applied to next period
Total overpayment applied to next period, plus
Penalty and interest
Remaining overpayment on account
The credits applied to your account are listed below. Please check your records and indicate on this notice which of these credits, if any, we should apply to other types of tax or tax periods. You must respond within 30 days. This will allow us time to make necessary corrections before the overpayment is refunded or applied to other taxes that may be due.
Note: We will apply the resulting overpayment to any outstanding balance before issuing a refund.
We made the corrections for the following reason(s):