Notice code 349

Notice code 349 (Default) — We changed your installment payment of the First- Time Homebuyer Credit on page 2 of your tax return…

What this IRS notice code means, and what to check before you reply.

What to do next

Start with these steps before you reply.

349

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

We changed your installment payment of the First- Time Homebuyer Credit on page 2 of your tax return. We changed the payment because:  You made an error in the computation of the payment on Form 5405, and/or  You transferred the payment incorrectly from Form 5405 to Form 1040NR, and/or  You reported a disposition or change in the use of your main home that indicates you are not required to repay the credit, and/or  You are not required to repay the credit according to our records and/or  A repayment of the credit is not required from a taxpayer who died in the year of the tax return