om 4466

Corporation Application for Quick Refund
of Overpayment of Estimated Tax

OMB No. 1545-0170

Department of the Treasury
Internal Revenue Service

For calendar 1984 or tax year beginning. .............-. , 1984 ending... ...-..

1984

Name

Employer identification number

Number and street

Check type of return to be filed:

OO Form 1120

City or town, State, and ZIP code

O01 Form 1120-A
OO Form 1120F

Telephone number (optional)

¢ )

0 Form 1120L
OO Form 1120M

Note: Prepare this form in duplicate. File the original with the Internal Revenue Service Center where the corporation

files its tax return. Attach the duplicate to the corporation's income tax return.

O Form 990-¢

1984 estimated payments . :
1983 overpayment allowed as a credit against 1984 estimated tax .

Total—Add lines 1 and 2 :

Enter tax rom Form 1120, Schedule J, ine 6, or comparableline from other returns

nie

Tax from recomputing prior-year investment credit .

Totaltax—Addlines4and5 . . 2. 2. we

N} or] a],

Estimated refundable tax credit for Federal tax on gasoline and special fuels.

Expected income tax liability—Subtract line 7 from line 6 .

worvaneauwne

$500, the corporation is eligible for the quick refund. Otherwise, do not file this form .

Overpayment of estimated tax—Subtract line 8 from line 3. If this amount i is at t least 10% of line 8: and at least

Record of Estimated Tax Deposits

Date of deposit ‘Amount

Date of deposit

Amount

Under penalties of perry, | declare that | have examined ths application, including any accompanying schedules and statements, and tothe best of my knowledge and Belief

itis true, correct, and complete.

Date Signature Title
Instructions members of the group paid estimated errors that cannot be corrected within
(Section references are to the Internal Revenue income tax separately, the member the 45-day period. Form 4466 does not

Code.)

Paperwork Reduction Act Notice.—
We ask for this information to carry out
the Internal Revenue laws of the United
States. We need it to ensure that
taxpayers are complying with these
laws and to allow us to figure and
collect the right amount of tax. You are
required to give us this information.

A. Who may file an appli n.—Any
corporation that overpaid its estimated
tax for the tax year may apply for a
quick refund (adjustment) if the
overpayment is (1) at least 10% of the
expected tax liability and (2) at least
$500.

The overpayment is the excess of the
estimated tax the corporation paid
during the tax year over the final
income tax liability it expects to have
when this application is filed.

If members of an affiliated group
paid their estimated income tax ona
consolidated basis, the common parent
corporation must file the Form 4466. If

who claims the overpayment must file
Form 4466 separately.

B. When to file.—File Form 4466
within 2¥2 months after the end of the
tax year and before the corporation
files its income tax return. An extension
of time to file the return will not extend
the time for filing Form 4466.

C. How and where to file.—Complete
this form in duplicate. File the original
with the Internal Revenue Service
Center where the corporation will file its
income tax return and attach the

D. Overpayment credited or
refunded.—Internal Revenue Service
will act on this application within 45
days from the date it is filed, and may
credit the overpayment against any
Internal Revenue tax owed and refund
any balance.

E. Disallowance of application.—The
Internal Revenue Service may disallow,
without further action, any application
that contains material omissions or

duplicate to the corporation's tax return.

constitute a claim for credit or refund.

F. Excessive refund or credit.—If the
refund or credit is later found to be
excessive, the law provides an
additional charge upon the excessive
amount. (Section 6655(h).)

The excessive amount is the lesser of:
(a) the credit or refund; or
(b) the excess of

(1) the corporation’s income tax
liability (as defined in section
6425(c)) as shown on its return
over

(2) the estimated tax paid less
the refund or credit.

IRS will compute the additional
charge and bill the taxpayer. The
additional charge is figured from the
date the refund was paid or the credit
was made, until the original due date of
the corporation’s return. The additional
charge is not deductible for income tax
purposes,

Form 4466 1984)