Re: Late filing return with a refund applied to 2023 4th QTR Estimate

BobKamman · ‎01-12-2024

Check the Internal Revenue Manual. This applies to one situation but it indicates that credit elects are not processed after end of year.

2

The credit-elect posted is less than the original return requested. The UNAPPLD-CR-ELECT field on CC TXMOD displays the amount of unapplied credit elect from the return.

The date is prior to the end of the processing year in which the credit-elect originated

The computer continues to auto-offset as more credit becomes available until the full credit elect amount is satisfied.

Example:

A credit elect from 2022 to 2023 is systemically applied thru Dec. 31, 2023. The adjustment must be posted by the end of the year.

https://www.irs.gov/irm/part21/irm_21-006-003r