Assertion: remittance | /r/HasProperty | deposit
Facets:
Source sentences:
text: In Moran, 63 F.3d 663 (7th Cir. 1995), when deciding whether a remittance was a deposit or a tax payment, the Seventh Circuit applied a facts-and-circumstances test by examining three factors: when the tax liability was determined, what the taxpayers intended, and how the IRS treated the remittance upon its receipt.
text: To be considered a deposit, a remittance must be accompanied by the taxpayer’s written statement conforming to the requirements of Rev. Proc.
text: The IRS denied the refund, arguing the remittance was a tax payment, not a deposit, and the estate’s request for the refund of the tax payment was not timely.