Notice code 348 (Default) — According to our records a repayment installment for the First-Time Homebuyer Credit received when f…

According to our records a repayment installment for the First-Time Homebuyer Credit received when filing 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

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What the IRS language says

According to our records a repayment installment for the First-Time Homebuyer Credit received when filing 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