Q&A with the Pennsylvania Department of Revenue
Scenario: A corporation reports and remits a self-assessed CNIT.
On its 2008 RCT-101 filed on 4/15/09, ABC Corp. reports and remits a self-assessed CNI Tax in the amount of $100. As a result of the receipt of an RAR on 4/1/11, ABC Corp. filed a RCT-128C on 4/15/11 resulting in a reduction of 2008 CNI Tax. ABC Corp. requested that the $20 overpayment of 2008 CNI Tax be credited to the corporation’s
2009 CNI Tax to satisfy a deficiency.
For purposes of determining whether any interest is due on the 2009 payment, does the Department of Revenue treat the $20 payment as being made on 4/15/09 or 4/15/11?
In the above example the Bureau of Corporation Taxes would identify the date associated to the $20 overpayment that developed from the filing of the RCT-128C as 4/15/09. The due date for the 2009 tax deficiency is 4/15/10. Since the date associated to the overpayment is prior to the due date for the 2009 tax year, no interest would be charged on the application of the overpayment credit.