Ask the IRS for a refund of your estimated tax payments.
A Corporation that has overpaid its estimated
tax for 2001 may be able to apply for a quick refund. A Corporation
can apply for a quick refund of an overpayment of its estimated tax.
A Corporation qualifies if the overpayment is at least 10 percent of
its expected tax liability for 2001 and greater than $500.
A refund must be applied for on
form 4466. Form 4466 must be filed before the sixteenth day of the
third month after the corporation’s year-end. An extension of time
to file the corporation’s tax return does not extend the date the
Quick Refund form is due.
The IRS will act on the request
within 45 days from the date it’ s filed. The IRS does respond
quickly to this request and basically it is hassle free.