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26 U.S.C. § 6401 — Amounts treated as overpayments

submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 230 words · no verdicts yet

in plain englishAI-generated · not legal advice

An overpayment includes tax assessed or collected after the applicable limitation period, certain excess refundable credits, and tax paid when no tax liability existed.

(a) “Overpayment” includes the part of an internal-revenue-tax payment that was assessed or collected after the properly applicable limitations period expired. (b)(1) If refundable credits under subpart C exceed the subtitle A tax after credits under subparts A, B, D, and G are subtracted, the excess is an overpayment. (2) A section 33 credit counts for paragraph (1) only if an election under section 6013(g) or (h) was in effect for that tax year, except this condition does not apply to a credit allowed because of section 1446. (c) A tax payment is not excluded from being an overpayment merely because no tax liability existed for which it was paid.

the actual law source: uscode.house.gov ↗public domain
(a) Assessment and collection after limitation period.

The term “overpayment” includes that part of the amount of the payment of any internal revenue tax which is assessed or collected after the expiration of the period of limitation properly applicable thereto.

(b) Excessive credits
(1) In general

If the amount allowable as credits under subpart C of part IV of subchapter A of chapter 1 (relating to refundable credits) exceeds the tax imposed by subtitle A (reduced by the credits allowable under subparts A, B, D, and G of such part IV), the amount of such excess shall be considered an overpayment.

(2) Special rule for credit under section 33

For purposes of paragraph (1), any credit allowed under section 33 (relating to withholding of tax on nonresident aliens and on foreign corporations) for any taxable year shall be treated as a credit allowable under subpart C of part IV of subchapter A of chapter 1 only if an election under subsection (g) or (h) of section 6013 is in effect for such taxable year. The preceding sentence shall not apply to any credit so allowed by reason of section 1446.

(c) Rule where no tax liability

An amount paid as tax shall not be considered not to constitute an overpayment solely by reason of the fact that there was no tax liability in respect of which such amount was paid.

Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 791; Pub. L. 89–44, title VIII, § 809(d)(6), June 21, 1965, 79 Stat. 168; Pub. L. 91–172, title III, § 331(c), Dec. 30, 1969, 83 Stat. 598; Pub. L. 91–258, title II, § 207(d)(1), May 21, 1970, 84 Stat. 248; Pub. L. 94–12, title II, § 204(b)(1), Mar. 29, 1975, 89 Stat. 31; Pub. L. 94–455, title VII, § 701(f)(2), (3), Oct. 4, 1976, 90 Stat. 1580; Pub. L. 95–600, title VII, § 701(u)(15)(D), Nov. 6, 1978, 92 Stat. 2919; Pub. L. 95–618, title III, § 301(c)(2), Nov. 9, 1978, 92 Stat. 3199; Pub. L. 96–222, title I, § 103(a)(2)(B)(iv), Apr. 1, 1980, 94 Stat. 209; Pub. L. 96–223, title II, § 223(b)(2), Apr. 2, 1980, 94 Stat. 266; Pub. L. 97–248, title III, §§ 307(a)(9), 308(a), Sept. 3, 1982, 96 Stat. 589, 591; Pub. L. 98–67, title I, § 102(a), Aug. 5, 1983, 97 Stat. 369; Pub. L. 98–369, div. A, title IV, § 474(r)(36), title VII, § 735(c)(16), July 18, 1984, 98 Stat. 846, 985; Pub. L. 99–514, title XII, § 1246(b), Oct. 22, 1986, 100 Stat. 2582; Pub. L. 100–647, title I, § 1012(s)(1)(B), Nov. 10, 1988, 102 Stat. 3527; Pub. L. 105–206, title VI, § 6022(a), July 22, 1998, 112 Stat. 824; Pub. L. 109–58, title XIII, § 1303(c)(4), Aug. 8, 2005, 119 Stat. 997; Pub. L. 110–234, title XV, § 15316(c)(3), May 22, 2008, 122 Stat. 1511; Pub. L. 110–246, § 4(a), title XV, § 15316(c)(3), June 18, 2008, 122 Stat. 1664, 2273; Pub. L. 111–5, div. B, title I, § 1531(c)(5), Feb. 17, 2009, 123 Stat. 360; Pub. L. 115–97, title I, § 13404(c)(4), Dec. 22, 2017, 131 Stat. 2138.)

history & why it existsrecord from the source credit
  • 1954Enacted · Act of Aug. 16, 1954, ch. 736
  • 1965Amended · Pub. L. 89-44 · 79 Stat. 168
  • 1969Amended · Pub. L. 91-172 · 83 Stat. 598
  • 1970Amended · Pub. L. 91-258 · 84 Stat. 248
  • 1975Amended · Pub. L. 94-12 · 89 Stat. 31
  • 1976Amended · Pub. L. 94-455 · 90 Stat. 1580
  • 1978Amended · Pub. L. 95-600 · 92 Stat. 2919
  • 1978Amended · Pub. L. 95-618 · 92 Stat. 3199
  • 1980Amended · Pub. L. 96-222 · 94 Stat. 209
  • 1980Amended · Pub. L. 96-223 · 94 Stat. 266
  • 1982Amended · Pub. L. 97-248 · 96 Stat. 589, 591
  • 1983Amended · Pub. L. 98-67 · 97 Stat. 369
  • 1984Amended · Pub. L. 98-369 · 98 Stat. 846, 985
  • 1986Amended · Pub. L. 99-514 · 100 Stat. 2582
  • 1988Amended · Pub. L. 100-647 · 102 Stat. 3527
  • 1998Amended · Pub. L. 105-206 · 112 Stat. 824
  • 2005Amended · Pub. L. 109-58 · 119 Stat. 997
  • 2008Amended · Pub. L. 110-234 · 122 Stat. 1511
  • 2008Amended · Pub. L. 110-246 · 122 Stat. 1664, 2273
  • 2009Amended · Pub. L. 111-5 · 123 Stat. 360
  • 2017Amended · Pub. L. 115-97 · 131 Stat. 2138

A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.

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