Definition
Transaction Code 276. Indicates a failure-to-pay or similar penalty was assessed on the account.
What it means for your account
Penalties explain why a balance grew beyond the original tax. First-time penalty abatement or reasonable-cause relief may be available — but the transcript shows what posted, not what can still be argued.
Related codes
Where Brevitax uses it
Brevitax reads these postings from account transcripts and surfaces them as plain-language timeline events and attention items — not as a raw code list. Upload transcripts or have Brevitax request them, then see TC-276 in context on your dashboard.
Common questions
What does TC-276 mean on an IRS transcript?
Transaction Code 276. Indicates a failure-to-pay or similar penalty was assessed on the account.
Why does TC-276 matter for tax resolution?
Penalties explain why a balance grew beyond the original tax. First-time penalty abatement or reasonable-cause relief may be available — but the transcript shows what posted, not what can still be argued.
Where do I find TC-276 on my account transcript?
Look for transaction code 276 in the posting sequence for the tax year. Transaction Code 276. Indicates a failure-to-pay or similar penalty was assessed on the account.