Section 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).

Notation

Cross References

This section cited in 61 Pa. Code § 119.13 (relating to restrictions on refunds).