IRS code 301: Tax decreased by examination
Quick answerAn audit or reconsideration reduced the tax on your account (an abatement made by the examination function).
Transcript code301
MeaningTax decreased by examination
Action needed?Usually no
What happens next
If it creates an overpayment, code 846 usually follows after any offsets.
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What you should do
- No action needed
- Check the reduction matches the audit result
Frequently asked questions
What does IRS code 301 mean?
An audit or reconsideration reduced the tax on your account (an abatement made by the examination function).
What should I do?
No action needed Check the reduction matches the audit result
How long does it take?
If it creates an overpayment, code 846 usually follows after any offsets.
Sources
- IRS: Understanding your IRS notice or letter
- IRS: Get Transcript
- Taxpayer Advocate Service (independent help inside the IRS)
Written by the editorial team and checked against the official sources above. See our editorial policy.
By the TranscriptCodes Editorial Team · Last reviewed 2026-11-12.