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North Carolina Administrative Code Title 17 — Revenue

17 NCAC 05C .1904

Overpayments Applied To Next Year

Official textreports.oah.state.nc.us

# (a)

A corporation may elect to have an income tax refund applied to estimated income tax for the following tax year. A return reflecting an election to apply a refund to estimated tax for the following year must be filed by the last allowable date for making estimated tax payments for that year for the election to be valid.

# (b)

If a corporation makes a valid election, that corporation may not revoke the election after the return has been filed in order to have the amount refunded or applied in any other manner, such as an offset against any subsequently determined tax liability.

Last amended: Authority G.S. 105-163.39; 105-163.40; 105-262; Eff. March 1, 2006; Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. August 19, 2017.

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In this chapter (40 sections)
  1. 17-05c-1505 · Procedure For Deducting A Net Economic Loss
  2. 17-05c-1506 · Corporations Apportioning Their Net Income
  3. 17-05c-1507 · Corporation Sustaining Loss Entitled To Deduction
  4. 17-05c-1601 · Preliminary Statement
  5. 17-05c-1602 · Deductions For Payments To And Charges By
  6. 17-05c-1603 · Consolidated Returns
  7. 17-05c-1604 · Required To Furnish Information Requested By Secretary
  8. 17-05c-1605 · Definitions
  9. 17-05c-1606 · Transactions Closely Examined By The Department
  10. 17-05c-1701 · Reporting Partnership Net Income
  11. 17-05c-1702 · Apportionable Income Or Nonapportionable Income
  12. 17-05c-1801 · Taxable Percentages/Dividends
  13. 17-05c-1802 · No Return Filed In Year Ended September 30
  14. 17-05c-1803 · Two Returns Filed By A Corporation During Twelve Month…
  15. 17-05c-1804 · Change In Name Or In State Of Incorporation
  16. 17-05c-1805 · Amended And Adjusted Returns
  17. 17-05c-1806 · Mergers
  18. 17-05c-1901 · Time And Place For Filing
  19. 17-05c-1902 · Extension Of Filing Date
  20. 17-05c-1903 · Payment Of Taxes
  21. 17-05c-1904 · Overpayments Applied To Next Year
  22. 17-05c-2001 · Automatic Extension
  23. 17-05c-2002 · Application For An Additional Extension
  24. 17-05c-2003 · Interest And Penalties
  25. 17-05c-2004 · Extension Of Filing Date
  26. 17-05c-2101 · Requirements When Corporation Ends
  27. 17-05c-2102 · Withdrawals/Filing Requirements
  28. 17-05c-2201 · Preliminary Statement
  29. 17-05c-2202 · Corporations Fully Exempt
  30. 17-05c-2203 · Corporations Conditionally Or Partially Exempt
  31. 17-05c-2204 · Exceptions To Exemption
  32. 17-05c-2205 · Regulated Investment Companies
  33. 17-05c-2206 · Proof Of Exemption
  34. 17-05c-2207 · Notifications Of Change In Purposes Or Operations
  35. 17-05c-2301 · Requirement For Reporting Changes
  36. 17-05c-2302 · Assessments Or Refunds
  37. 17-05c-2303 · Extent Of Changes Which May Be Made
  38. 17-05c-2304 · Fraud Provisions On Federal Changes
  39. 17-05c-2401 · Doing Business Activities Of Disc
  40. 17-05c-2402 · Determination Of Disc Net Income
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