How come the IRC doesn't make any sense...?

Apr 06, 2008 1 Replies

How come the IRC doesn't make any sense?



Here's what I'm chewing on: There's a code section that provides a credit for a taxpayer's income tax withheld from salary, wages, and some other things. I think - can't look right now - that it's IRC section 31. Or at least near there, along with other "refundable credits.".



How come there's no corresponding section that allows a credit for estimated taxes paid by the taxpayer?



Is this a stupid question, or am I a monkey's uncle? Don't answer that question, just answer the question about the IRC...


Because, unlike withholding, ES payment are direct payments by the taxpayer and are treated as payments, not a credit, on the return.

Overpayments are defined in section 6401, IIRC. I don't know that there is a general definition of "payment" in the Code, but if there is it's probably lurking down in the neighborhood of general definitions (7701?).

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