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05-27-2020
01:52 PM
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@Just-Lisa-Now- wrote:
A taxpayer can elect to have an overpayment refunded or applied to the subsequent year’s estimated tax payment. This election, once made, is generally irrevocable (Sec. 6513(d); Regs. Sec. 301.6402-3(d); Rev. Rul. 55-448).
I dont know if you can revoke it with a 1040X.
Maybe I was wrong, I swore IRS.gov addressed this issue due to the virus. I agree with the 1040X not being the way to go.