Notice code 348E (1040EZ) — According to our records an installment payment is due for the First-Time Homebuyer Credit received …

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 this notice is saying

Use the free strategy session if the letter is unclear, high dollar, or collection language appears.

Read the deadline

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Match the facts

Compare the notice to your return, books, and third-party forms before you reply.

Pick a path

Pay, installment, relief, CNC, or hearing rights — fit-checked to your cash and liability.

Keep books honest

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What to do next

Practical steps before fear takes the wheel. Bound from irs_notice.what_to_do.

Immediate steps

Resolves at publish from the catalog row.

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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