§6403 — Overpayment of installment
4 citing cases
Statute Text — 26 U.S.C. §6403
In the case of a tax payable in installments, if the taxpayer has paid as an installment of the tax more than the amount determined to be the correct amount of such installment, the overpayment shall be credited against the unpaid installments, if any. If the amount already paid, whether or not on the basis of installments, exceeds the amount determined to be the correct amount of the tax, the overpayment shall be credited or refunded as provided in section 6402.
Treasury Regulations
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Treas. Reg. §301.6403-1Overpayment of installment
If any installment of tax is overpaid, the overpayment shall first be applied against any outstanding installments of such tax. If the overpayment exceeds the correct amount of tax due, the overpayment shall be credited or refunded as provided in section 6402 and §§ 301.6402-1 to 301.6402-4, inclusive.
4 Citing Cases
For a tax payable in installments, section 6403 provides that any overpayment ofan installment must be applied first to any unpaid installments.