Treasury Regulations (26 C.F.R.)
26 CFR § 1.6425-2
Computation of adjustment of overpayment of estimated tax.
# (a) Income tax liability defined.
For purposes of § 1.6425-1, this section, §§ 1.6425-3 and 1.6655-7, relating to excessive adjustment, the term income tax liability means the excess of—
(1) The sum of—
(i) The tax imposed by section 11 or 1201(a), or subchapter L of chapter 1 of the Internal Revenue Code, whichever is applicable; plus
(ii) The tax imposed by section 55; over
(2) The credits against tax provided by part IV of subchapter A of chapter 1 of the Internal Revenue Code.
# (b) Computation of adjustment.
The amount of an adjustment under section 6425 is an amount equal to the excess of the estimated income tax paid by the corporation during the taxable year over the amount which, at the time of filing Form 4466, the corporation estimates as its income tax liability for the taxable year.
# (c) Effective/applicability date.
Paragraph (a) of this section is applicable to applications for adjustments of overpayments of estimated income tax that are filed in taxable years beginning after September 6, 2007.
[T.D. 7059, 35 FR 14547, Sept. 17, 1970, as amended by T.D. 9347, 72 FR 44348, Aug. 7, 2007]
Source: view the official text
In this part (40 sections)
- 1.6361-1 · Collection and administration of qualified State individual…
- 1.6411-1 · Tentative carryback adjustments.
- 1.6411-2 · Computation of tentative carryback adjustment.
- 1.6411-3 · Allowance of adjustments.
- 1.6411-4 · Consolidated groups.
- 1.6414-1 · Credit or refund of tax withheld on nonresident aliens and…
- 1.6417-0 · Table of Contents.
- 1.6417-1 · Elective payment election of applicable credits.
- 1.6417-2 · Rules for making elective payment elections.
- 1.6417-3 · Special rules for electing taxpayers.
- 1.6417-4 · Elective payment election for electing taxpayers that are…
- 1.6417-5 · Additional information and registration.
- 1.6417-6 · Special rules.
- 1.6418-0 · Table of contents.
- 1.6418-1 · Transfer of eligible credits.
- 1.6418-2 · Rules for making transfer elections.
- 1.6418-3 · Additional rules for partnerships and S corporations.
- 1.6418-4 · Additional information and registration.
- 1.6418-5 · Special rules.
- 1.6425-1 · Adjustment of overpayment of estimated income tax by…
- 1.6425-2 · Computation of adjustment of overpayment of estimated tax.
- 1.6425-3 · Allowance of adjustments.
- 1.6654-1 · Addition to the tax in the case of an individual.
- 1.6654-2 · Exceptions to imposition of the addition to the tax in the…
- 1.6654-3 · Short taxable years of individuals.
- 1.6654-4 · [Reserved]
- 1.6654-5 · Payments of estimated tax.
- 1.6654-6 · Nonresident alien individuals.
- 1.6654-7 · Applicability.
- 1.6655-0 · Table of contents.
- 1.6655-1 · Addition to the tax in the case of a corporation.
- 1.6655-2 · Annualized income installment method.
- 1.6655-2T · Safe harbor for certain installments of tax due before July…
- 1.6655-3 · Adjusted seasonal installment method.
- 1.6655-4 · Large corporations.
- 1.6655-5 · Short taxable year.
- 1.6655-6 · Methods of accounting.
- 1.6655-7 · Addition to tax on account of excessive adjustment under…
- 1.6655(e)-1 · (e)-1 Time and manner for making election under the…
- 1.6662-0 · Table of contents.