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Notice code 348E (1040EZ) — According to our records an installment payment is due for the First-Time Homebuyer Credit received …
What this IRS notice code means, and what to check before you reply.
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348E
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 an installment payment is due for the First-Time Homebuyer Credit received with your 2008 tax return. You did not report the payment and did not include it in your tax. We have calculated the required payment and added it to your total tax on line 17 of your Form 1040NR-EZ.
What it usually means
348E 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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