61 Pa. Code § 119.12 - Refund or credit of overpayment
(a)
General rule. The
Department, within the applicable period of limitations may credit any
overpayment of tax, including interest thereon, against any outstanding
liability for any tax, or for any interest, additional amount, addition to tax,
or assessable penalty, owed by the person making the overpayment, and the
balance, if any, will be refunded to such person by the Department.
(b)
Overpayment of installment of
estimated tax. If a taxpayer has paid an installment of estimated tax
in excess of the correct amount of such installment, such overpayment will be
credited against any unpaid installments. If the amount so paid, whether or not
on the basis of installments, exceeds the amount determined to be the correct
amount of the tax, such overpayment will be credited or refunded as provided in
subsection (a).
Notes
This section cited in 61 Pa. Code § 119.13 (relating to restrictions on refunds).
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