Form 4466 - Corporation Application For Quick Refund Of Overpayment Of Estimated Tax Page 2
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22
Form 4466 (Rev. 8-92)
Page
apply for a quick refund if the
year, but before the corporation files
Disallowance of Application
overpayment is:
its income tax return. An extension of
Any application that contains material
time to file the corporation’s tax return
At least 10% of the expected tax
omissions or errors that can’t be
will not extend the time for filing Form
liability and
corrected within the 45-day period
4466.
At least $500.
(see How and Where To File above)
How and Where To File
may be disallowed.
The overpayment is the excess of
the estimated income tax the
Note: Form 4466 is not considered a
Complete Form 4466 in duplicate. File
corporation paid during the tax year
claim for credit or refund.
the original with the Internal Revenue
over the final income tax liability
Service Center where the corporation
Excessive Refund or Credit
expected for the tax year, at the time
will file its income tax return and
this application is filed.
attach the other copy to the
If the refund or credit is later found to
corporation’s tax return. We will act on
be excessive, the law provides for an
If members of an affiliated group
Form 4466 within 45 days from the
additional charge on the excessive
paid their estimated income tax on a
date it is filed.
amount. See section 6655(h).
consolidated basis or expect to file a
consolidated return for the tax year,
The excessive amount is the smaller
Address
only the common parent corporation
of:
Include the suite, room, or other unit
may file the Form 4466. If members of
The credit or refund; or
number after the street address.
the group paid estimated income tax
The excess of:
separately, the member who claims
If the Post Office does not deliver
the overpayment must file the Form
a. The corporation’s income tax
mail to the street address and the
4466.
liability (as defined in section 6425(c))
corporation has a P.O. box, show the
as shown on its return; over
box number instead of the street
Type of Return To File
address.
b. The estimated tax paid less the
Check the box in item B for the type
refund or credit.
If a change in address occurs after
of return the corporation will file.
the corporation files Form 4466, use
The IRS will compute the additional
S corporations that have made
Form 8822, Change in Address, to
charge and bill the corporation. The
protective estimated tax payments in
notify the IRS of the new address.
additional charge is figured from the
their first tax year should check the
date the refund was paid or credited,
Overpayment Credited or
“Other” box. Corporations that file
until the original due date of the
Refunded
Forms 1120-DF, 1120-FSC, 1120-H,
corporation’s return. The additional
1120-ND, 1120-REIT, and 1120-RIC
charge is not deductible for income
If the application is approved, the
should also check the “Other” box.
tax purposes.
overpayment on line 8 may be
Enter the form number of the return to
credited against any Internal Revenue
be filed in the space to the right of the
tax the corporation owes. The
box.
balance, if any, will be refunded.
When To File
File Form 4466 before the 16th day of
the 3rd month after the end of the tax
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