Penalties and interest

IRS code 176: Estimated tax penalty, computed by the IRS

The IRS's system computed an estimated tax penalty for underpaying during the year.

What code 176 means

Code 176 is a computer-generated estimated tax penalty for not making adequate estimated tax payments.

It's the same penalty as 170, but computed by the IRS's system rather than taken from your return.

Codes often seen with 176

• 170 Estimated tax penalty A penalty for not paying enough tax during the year through estimated payments.
• 196 Interest charged Interest the IRS charged on tax that wasn't paid on time.

Source

IRS title: Estimated Tax Penalty (Document 6209, Section 8A, page 8A-9).

• IRS Document 6209 (2023), Section 8A: Master File Codes

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More penalties and interest codes

• 170 Estimated tax penalty
• 196 Interest charged
• 276 Failure-to-pay penalty

See all 39 transcript codes

TTOC Finder is independent and isn't affiliated with the IRS. This page explains what the code means in general. For your own account, check your IRS online account or Where's My Refund?