Form 4466 Corporation Application for Quick Refund of Overpayment

4466

Corporation Application for Quick Refund of
Overpayment of Estimated Tax

Form
(Rev. December 2006)
Department of the Treasury
Internal Revenue Service

For calendar year 20

or tax year beginning

, 20

, and ending

OMB No. 1545-0170
, 20

Name

Employer identification number

Number, street, and room or suite no. (If a P.O. box, see instructions.)

Telephone number (optional)
(

)

City or town, state, and ZIP code

Check type of return to be filed (see instructions):
Form 1120

Form 1120-A

Form 1120-C

Form 1120-F

Form 1120-L

Form 1120-PC

Other

1

Estimated income tax paid during the tax year

1

2

Overpayment of income tax from prior year credited to this year’s estimated tax

2

3

Total. Add lines 1 and 2

3

4

Enter total tax from the appropriate line of your tax return
(for example, line 10 of the 2006 Schedule J (Form 1120))

5a Personal holding company tax, if
any, included on line 4
b Estimated refundable tax credit for
Federal tax on fuels

©

4

5a
5b
6

6

Total. Add lines 5a and 5b

7

Expected income tax liability for the tax year. Subtract line 6 from line 4

7

8

Overpayment of estimated tax. Subtract line 7 from line 3. If this amount is at least 10% of
line 7 and at least $500, the corporation is eligible for a quick refund. Otherwise, do not file
this form (see instructions)

8

Record of Estimated Tax Deposits
Date of deposit

Amount

Date of deposit

Amount

Under penalties of perjury, I declare that I have examined this application, including any accompanying schedules and statements, and to the best of
my knowledge and belief, it is true, correct, and complete.

Sign
Here

©

Signature

Date

General Instructions
Section references are to the Internal Revenue Code.

Who May File
Any corporation that overpaid its estimated tax for the tax
year may apply for a quick refund if the overpayment is:
● At least 10% of the expected tax liability and
● At least $500.
The overpayment is the excess of the estimated income
tax the corporation paid during the tax year over the final
income tax liability expected for the tax year, at the time
this application is filed.

©

Title

If members of an affiliated group paid their estimated
income tax on a consolidated basis or expect to file a
consolidated return for the tax year, only the common
parent corporation may file Form 4466. If members of the
group paid estimated income tax separately, the member
who claims the overpayment must file Form 4466.
Note. Form 4466 is not considered a claim for credit or
refund.

When To File
File Form 4466 before the 16th day of the 3rd month after
the end of the tax year, but before the corporation files its
income tax return. Do not file Form 4466 before the end

Cat. No. 12836A

Form

4466

(Rev. 12-2006)

Form 4466 (Rev. 12-2006)

Page

of the corporation’s tax year. An extension of time to file
the corporation’s tax return will not extend the time for
filing Form 4466.

How To File
Complete and file an original, signed Form 4466 with the
applicable Internal Revenue Service Center (see Where
To File below). The IRS will act on Form 4466 within 45
days from the date it is filed.
The corporation must also file Form 4466 with its
income tax return. Attach either the signed Form 4466 or
an unsigned Form 4466 with the same information stated
on the signed Form 4466. If the corporation submits an
unsigned Form 4466, it must retain the original, signed
Form 4466 in its records.
Disallowance of application. Any application that
contains material omissions or errors that cannot be
corrected within the 45-day period may be disallowed.

Where To File
File Form 4466 at the applicable address listed below.

Filers of . . .

With total assests
at the end of the
tax year of . . .

Use the following
Internal Revenue
Service center
address:

Forms 990-T, 1120-C, 1120-F,
1120-FSC, or 1120-PC

Any amount

Ogden, UT 84201

Forms 1120, 1120-A, 1120-H,
1120-L, 1120-ND, 1120-REIT,
1120-RIC, or 1120-SF with the
corporation’s principal
business, office, or agency
located in a foreign country or
U.S. possession or the state of
Alabama, Alaska, Arizona,
Arkansas, California, Colorado,
Florida, Georgia, Hawaii, Idaho,
Iowa, Kansas, Louisiana,
Minnesota, Mississippi,
Missouri, Montana, Nebraska,
Nevada, New Mexico, North
Dakota, Oklahoma, Oregon,
South Dakota, Tennessee,
Texas, Utah, Washington,
Wyoming

Any amount

Ogden, UT 84201

Forms 1120, 1120-A, 1120-H,
1120-L, 1120-ND, 1120-REIT,
1120-RIC, or 1120-SF with the Less than $10 million
(any amounts for Form Cincinnati, OH 45999
corporation’s principal
1120-H)
business, office, or agency
located in the state of
Connecticut, Delaware, District
of Columbia, Illinois, Indiana,
Kentucky, Maine, Maryland,
Massachusetts, Michigan, New
Hampshire, New Jersey, New
York, North Carolina, Ohio,
$10 million or more
Ogden, UT 84201
Pennsylvania, Rhode Island,
South Carolina, Vermont,
Virginia, West Virginia,
Wisconsin

Specific Instructions
Address
Include the suite, room, or other unit number after the
street address.
If the Post Office does not deliver mail to the street
address and the corporation has a P.O. box, show the
box number instead.
Note. If a change in address occurs after the corporation
files Form 4466, use Form 8822, Change of Address, to
notify the IRS of the new address.

2

Type of Return
Check the box for the type of return the corporation
will file.
Other. S corporations that have made protective
estimated tax payments in their first tax year should
check the “Other” box. Corporations that file Forms
1120-FSC, 1120-H, 1120-ND, 1120-REIT, 1120-RIC, or
1120-SF and tax-exempt corporations that file Form
990-T should also check the “Other” box. Enter the form
number of the return to be filed in the space to the right
of the box.

Line 8. Overpayment of Estimated Tax
If the application for refund is approved, the overpayment
on line 8 may be credited against any tax the corporation
owes. The balance, if any, will be refunded.
Excessive refund or credit. If the refund or credit is later
found to be excessive, the corporation is liable for an
addition to tax on the excessive amount. See section
6655(h).
The excessive amount is the smaller of:
● The credit or refund or
● The excess of:
a. The corporation’s income tax liability (as defined in
section 6425(c)) as shown on its return over
b. The estimated tax paid less the refund or credit.
The IRS will compute the addition to tax and bill the
corporation. The addition to tax is figured from the date
the refund was paid or credited, until the original due date
of the corporation’s return. The addition to tax is not
deductible for income tax purposes.

Paperwork Reduction Act Notice
We ask for the information on this form to carry out the
Internal Revenue laws of the United States. You are
required to give us the information. We need it to ensure
that you are complying with these laws and to allow us to
figure and collect the right amount of tax.
You are not required to provide the information
requested on a form that is subject to the Paperwork
Reduction Act unless the form displays a valid OMB
control number. Books or records relating to a form or its
instructions must be retained as long as their contents
may become material in the administration of any Internal
Revenue law. Generally, tax returns and return information
are confidential, as required by section 6103.
The time needed to complete and file this form will vary
depending on individual circumstances. The estimated
average time is:
Recordkeeping
4 hr., 4 min.
Learning about the
law or the form
18 min.
Preparing and sending
the form to the IRS
22 min.
If you have comments concerning the accuracy of
these time estimates or suggestions for making this form
simpler, we would be happy to hear from you. You can
write to the Internal Revenue Service, Tax Products
Coordinating Committee, SE:W:CAR:MP:T:T:SP, 1111
Constitution Ave. NW, IR-6406, Washington, D.C. 20224.
Do not send the tax form to this office. Instead, see How
To File and Where To File above.