Corporate Estimated Tax Quick Refund Navigator
Unlock Your Overpaid Taxes, Faster.
This tool, based on IRS Form 4466, helps your corporation determine if it's eligible for a quick refund of overpaid estimated tax. Improve your cash flow by getting your money back within 45 days instead of waiting for your tax return to be processed.
Eligibility Calculator
Enter your tax figures to see eligibility
Your potential quick refund will be calculated here.
10% Rule Check
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Overpayment must be ≥ 10% of expected tax
$500 Rule Check
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Overpayment must be at least $500
The Quick Refund Process
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1
File Form 4466
File after your tax year ends, but before you file your corporate income tax return. The extension to file your tax return does not extend the deadline for Form 4466.
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2
IRS Review
The IRS will process the application within 45 days of filing. Ensure your application is complete and accurate to avoid disallowance.
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3
Receive Refund
The overpayment will be credited against any other tax liabilities, and the remaining balance will be refunded, improving your company's cash flow.
Key Considerations
Warning: Penalty for Excessive Refund
If the refund you receive is later determined to be excessive, your corporation will be liable for an addition to tax (a penalty) on the excessive amount. This penalty is calculated from the date the refund was paid until the original due date of your tax return. Be as accurate as possible with your expected tax liability.
Rules for Affiliated Groups
If your corporation is part of an affiliated group that pays estimated tax on a consolidated basis, only the common parent corporation may file Form 4466 for the group.
