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Notice code 348 (1040) — According to our records a repayment installment for the First-Time Homebuyer Credit received when f…
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What to do next
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348
Read the notice carefully and note any deadline. Gather returns, notices, and payment records. Book a free strategy session before responding if the amount is large, unclear, or collection language appears.
What the IRS language says
According to our records a repayment installment for the First-Time Homebuyer Credit received when filling your 2008 tax return is due. This repayment installment should have been claimed as an addition to tax and claimed on the Individual Federal Tax Return, Form 1040. We have calculated the repayment installment due and adjusted your total tax on page 2 of your tax return.
What it usually means
348 is in our IR Manual catalog. Official wording is dense — we translate it for business owners and individuals and map realistic next steps.
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