OAR 150-316-0480
Estimated Tax: Application of Prior Year Overpayment (Refund)

(1) Definitions for purposes of this rule:
(a) “Open estimated tax account” is an account to which estimated tax installments may be made under ORS 316.579 (Amount of estimated tax to be paid with declaration).
(b) “Estimated tax underpayment period” is the period after the due date for the fourth estimated tax installment but prior to the due date for filing the related tax return, excluding extensions, for that period. This period is generally January 16 through April 15 (when the taxable year is a calendar year).
(2) If a taxpayer elects on a return to have an overpayment of tax applied to an estimated tax account, the department generally will apply the overpayment to the subsequent year’s open estimated tax account.
(3) Exceptions:
(a) Before the taxpayer’s overpayment is applied to the open estimated tax account, the overpayment will first be subject to offset under ORS 314.415 (Refunds) and related rules.
(b) If there are two open estimated tax accounts for the same taxpayer (between January 1 and January 15 when the taxable year is the calendar year), any amount requested to be applied to an estimated tax account will be posted to the tax year which is the later of the two open estimated tax accounts unless the taxpayer has requested in writing that the overpayment be applied to the earlier of the two open estimated tax accounts.
(c) If a taxpayer files a delinquent or amended return claiming a refund between the due date for a subsequent tax year’s fourth estimated tax installment and the due date for filing the return for the subsequent tax year, excluding extensions (between January 16 and April 15 when the taxable year is the calendar year), any amount requested to be applied to an estimated tax account will be posted to the open estimated tax account unless the taxpayer has requested in writing to have the overpayment applied against the estimated tax underpayment period to reduce interest on any underpayment of the estimated tax liability.
(4) Refunds from original returns. If a taxpayer requests to apply an overpayment from an original return filed on or before the return due date (including extensions), the department will apply the overpayment as of the first estimated tax installment due date of the open estimated tax account (generally April 15) or the date the overpayment was made, whichever is later.
Example 1: The taxpayer files their 2017 Oregon personal income tax return on March 31, 2018. The return shows a refund due. The payment that created an overpayment was made on January 15, 2018. The taxpayer elects on the return to have the refund applied to an estimated tax account. The overpayment is credited to the open estimated tax account as of April 16, 2018, which is the later of the due date of the first installment of estimated tax due for tax year 2018 or the date the payment creating the overpayment was made.
Example 2: The taxpayer files their 2017 Oregon personal income tax return under extension on October 12, 2018. The return shows a refund due. The payment that created an overpayment was made on July 6, 2018. The taxpayer elects on the return to have the refund applied to an estimated tax account. The overpayment is credited to the 2018 estimated tax account as of July 6, 2018, which is the later of the due date of the first installment of estimated tax due for tax year 2018 or the date the payment creating the overpayment was made.
(5) Refunds from delinquent returns. If a taxpayer requests to apply an overpayment from a delinquent return to an open estimated tax account, the department will apply the overpayment to the estimated tax account as of the date the delinquent return is filed or the date the overpayment was made, whichever is later.
Example 3: The taxpayer files a 2017 Oregon personal income tax return late, on October 25, 2018, showing a refund due. The payment that created an overpayment was made on April 10, 2018. The taxpayer elects on the delinquent return to have the refund be applied to the taxpayer’s estimated tax account. The overpayment is credited to the 2018 estimated tax account as of October 25, 2018, which is the later of the date the delinquent return was filed or the date the overpayment was made. The refund is applied to the fourth installment of estimated tax due for tax year 2018.
Example 4: The taxpayer files a 2016 Oregon personal income tax return on January 10, 2018, showing a refund due. The payment that created the overpayment was made on October 15, 2017. The taxpayer elects on the delinquent return to have the refund applied to the taxpayer’s estimated tax account. As of January 10, 2018, there are two open estimated tax accounts for the taxpayer: 1) the fourth installment for tax year 2017 and 2) the first installment for tax year 2018. The refund is credited as of January 10, 2018, toward the first installment of estimated tax due for tax year 2018, due April 16, 2018. After the return has processed, the taxpayer writes to the department and requests that the 2016 refund instead be applied to the fourth installment for tax year 2017. The department moves the estimated tax payment from tax year 2018 to tax year 2017. The payment is applied as of January 10, 2018, toward the fourth installment for tax year 2017.
Example 5: The taxpayer files a 2016 Oregon personal income tax return on March 1, 2018, showing a refund due. The payment creating an overpayment was made on February 20, 2017. The taxpayer elects on the delinquent return to have the refund applied to the taxpayer’s estimated tax account. The taxpayer has not yet filed their 2017 Oregon personal income tax return. The overpayment is credited consistent with section (3)(c) of this rule to the 2018 estimated tax account as of March 1, 2018. After the 2016 Oregon return has processed, the taxpayer writes to the department to indicate they would like the refund applied to the 2017 estimated tax underpayment period. The department moves the application from tax year 2018 to tax year 2017 and applies the payment as of March 1, 2018.
(6) Refunds from amended returns. If the taxpayer elects on an amended return to have an overpayment applied to estimated tax, the department will apply the overpayment to an open estimated tax account. The overpayment shall be applied as of the date the amended return is filed or the date the payment is made, whichever is later. If interest is due on the overpayment, the interest will stop accruing on the date the amended return is filed.
Example 6: A taxpayer files a 2017 Oregon personal income tax original return timely on March 13, 2018. The taxpayer then files a 2017 Oregon amended return on October 15, 2018, claiming a $500 overpayment and electing to have the entire refund applied to the open estimated tax account. The payment creating the overpayment was made on February 1, 2018. The refund is applied to the taxpayer’s 2018 estimated tax account as of October 15, 2018, the later of the date the amended return was filed or the date the overpayment was made. Interest on the overpayment is calculated starting June 2, 2018, 45 days after the return due date (excluding extension), and ending October 15, 2018, the date the return was filed.

Source: Rule 150-316-0480 — Estimated Tax: Application of Prior Year Overpayment (Refund), https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=150-316-0480.

150–316–0006
Application of Capital Losses and Capital Loss Carryforwards 150–316–0007
Policy — Application of Various Provisions of the Federal Internal Revenue Code 150–316–0009
Policy — Application of Various Provisions of Tax Law to Domestic Partners 150–316–0015
Adoption of Federal Law 150–316–0020
Tax Reform Act of 1984 Adjustments 150–316–0025
Definition: “Resident” 150–316–0027
Status of Individuals in a Foreign Country 150–316–0035
Oregon Net Operating Losses — Treatment After 1984 150–316–0040
Administrative and Judicial Interpretations 150–316–0043
Qualified Business Income Reduced Tax Rate (QBIRTR) 150–316–0045
Taxable Income of Nonresidents and Part-year Residents 150–316–0050
Farm Capital Gain 150–316–0055
Transitional Provision to Prevent Doubling Income or Deductions 150–316–0060
Taxable Income of Resident 150–316–0065
Social Security and Railroad Retirement Benefits Eligible for Subtraction 150–316–0080
Credit for Income Taxes Paid to Another State 150–316–0082
Credit for Taxes Paid to Another State When Paid by a Pass-Through Entity 150–316–0084
Credit for Income Taxes Paid to Another State — Computation 150–316–0086
Credit for Income Taxes Paid to Other States — Proof Required and Procedure for Obtaining the Credit 150–316–0088
Addition of Taxes Paid to Another State Claimed as an Itemized Deduction 150–316–0090
Credit for Duplicative State Taxation Relating to Different Years 150–316–0115
Disabled Child Exemption Credit 150–316–0120
Credit for Political Contributions 150–316–0125
Credit for the Gain on the Sale of a Residence Taxed by Another State 150–316–0130
Credit for Installation of Alternative Energy Devices 150–316–0135
Proration of Income and Deductions for Nonresidents and Part-Year Residents 150–316–0145
Proration for Pass-through Entity Income of Part Year Oregon Residents 150–316–0150
Separate or Joint Federal Returns for Spouses in a Marriage 150–316–0155
Nonresident Partners: Guaranteed Payments 150–316–0157
Nonresident Partners: Other Methods of Allocation and Apportionment 150–316–0165
Gross Income of Nonresidents 150–316–0167
Gross Income of Nonresidents 150–316–0169
Gross Income of Nonresidents 150–316–0171
Gross Income of Nonresidents 150–316–0173
Gross Income of Nonresidents 150–316–0175
Gross Income of Nonresidents 150–316–0179
Student Loan Interest Deduction — for Part-Year and Nonresidents 150–316–0181
Moving Expense Deduction — for Part-year and Nonresidents 150–316–0183
Gross Income of Nonresidents 150–316–0185
Gross Income of Nonresidents: Waterway Workers 150–316–0195
Alimony Deduction — for Part-Year and Nonresidents 150–316–0197
Nonresident Deduction for Contributions to IRA, Keogh, or Qualified Medical Savings Accounts 150–316–0205
Credit for Taxes Paid to State of Residence 150–316–0225
Retirement Income Credit 150–316–0230
Subtraction for Previously Taxed Contributions 150–316–0234
“Withholding Statement” and “Exemption Certificate” 150–316–0235
Withholding: Basis of Amount Withheld 150–316–0237
Employees Exempt from Withholding 150–316–0239
Withholding on Fringe Benefits 150–316–0241
Independent Contractor Definition 150–316–0243
Personal Liability of Responsible Officers, Members, or Employees for Taxes Withheld 150–316–0250
Bonding Requirements for Delinquent Withholding Employers 150–316–0255
Withholding by Employers 150–316–0257
Employer’s Election of Method of Computing Withholding 150–316–0265
Withholding Payments: Cash Basis 150–316–0267
Additional Time to File Reports 150–316–0275
Treatment of Payroll Based Program Overpayments 150–316–0282
Exemptions for Military Personnel 150–316–0284
Penalty 150–316–0290
Procedure for Correcting the Filing of Withholding Certificates 150–316–0295
Credit for Tax Withheld 150–316–0297
Where Taxpayer Reports on Fiscal Year Basis 150–316–0305
Withholding Income Taxes on IRAs, Annuities, and Compensation Plans 150–316–0307
Withholding Income Taxes on IRAs, Annuities, and Compensation Plans 150–316–0315
Alternative Withholding Payment Method for Employers to Avoid Undue Burden 150–316–0320
Voluntary Withholding for Retired Members of the Uniformed Services 150–316–0325
Voluntary Withholding for Civil Service Annuitants 150–316–0330
Semiannual Reports and Payments 150–316–0332
Withholding: Payment Due Dates 150–316–0334
Withholding Tax Payment Requirements for Agricultural Employers 150–316–0336
Employee’s Rights 150–316–0345
Requirement to use Electronic Funds Transfer 150–316–0347
Electronic Funds Transfer. Payroll taxes and corporation estimated income and excise taxes not combined in determining mandate. Payments to be included. 150–316–0355
Withholding: Payment and Reports 150–316–0357
Waiver of Termination Reports 150–316–0359
Withholding: Annual Report by Employer 150–316–0361
Combined Reports and Statewide Transit Tax Reports: Agricultural Employers 150–316–0370
Liability for Unpaid Withholdings 150–316–0372
Officer Liability: Joint Determination of Liability Conference 150–316–0380
Withholding Penalties 150–316–0385
Nonresident Alternate Filing 150–316–0390
Deductions Allowed on Either the Inheritance Tax Return or the Fiduciary Income Tax Return 150–316–0395
Tax Treatment of Unincorporated Organization 150–316–0400
Resident and Nonresident Estates and Trusts 150–316–0402
Oregon Qualified Trust Tax Return 150–316–0410
Fiduciary Adjustment 150–316–0415
Accumulation Distribution Credit for Oregon Taxes Paid by Trust During Income Accumulation Years 150–316–0420
Taxable Income of Nonresident Estate or Trust 150–316–0425
Oregon Multiple Funeral Trust Tax Return 150–316–0427
Persons Required to Make Returns 150–316–0435
Petitioning Department to Equally Split Joint Liability 150–316–0440
Innocent Spouse, Separation of Liability, and Equitable Relief Provisions 150–316–0445
Liability of Fiduciaries 150–316–0450
Decedent’s Estate: Request for a Final Tax Determination 150–316–0452
Decedents’ Estate: Application for Discharge from Personal Liability for Tax on Decedent’s Income 150–316–0465
Estimated Tax 150–316–0470
Allocation of Joint Estimated Tax Payments 150–316–0475
Estimated Tax: Farmer’s and Fisher’s 150–316–0480
Estimated Tax: Application of Prior Year Overpayment (Refund) 150–316–0485
Tax Used to Compute Underpayment of Estimated Tax 150–316–0487
Estimated Tax: Underpayment Interest Not Imposed if There is a Casualty, Disaster or Other Unusual Circumstances 150–316–0489
Estimated Tax: Underpayment Interest Not Imposed If There Is Reasonable Cause 150–316–0491
Estimated Tax: Partnership and S Corporation Income of Part-year Residents and Nonresidents 150–316–0493
Required Installments for Estimated Tax 150–316–0495
Estimated Tax: Joint Return to Single or Separate Return 150–316–0497
Estimated Tax: Single or Separate Returns to Joint Return 150–316–0505
Oregon Lottery Winnings and Losses 150–316–0507
Modification of Federal Taxable Income: Interest and Dividends 150–316–0509
U.S. Government Obligations 150–316–0511
Addition for Original Issue Discount (OID) 150–316–0513
Modification of Federal Taxable Income: Adding Interest or Dividends of the United States Exempted by Federal Income Tax Law 150–316–0515
Modification of Federal Taxable Income: Adding Federal Estate Tax Attributable to Income in Respect of a Decedent Not Taxable by Oregon 150–316–0519
Gain or Loss Upon the Sale of State and Municipal Bonds of Other States (Foreign States) 150–316–0525
U.S. Government Interest in Retirement Accounts 150–316–0530
Pool of Assets that Qualify to Pay State Exempt-Interest Dividends 150–316–0535
Federal Tax Deduction: Accrual Method of Accounting Required 150–316–0537
Adjustment of Federal Tax Liability 150–316–0545
Election to Include Child’s Unearned Income — Addition Required 150–316–0550
Special Oregon Medical Subtraction 150–316–0555
Modification of Federal Taxable Income: Itemized vs. Standard Deduction 150–316–0557
Modification of Federal Taxable Income: Oregon Income Tax Claimed as an Itemized Deduction 150–316–0559
Modification of Federal Taxable Income: Previously Taxed Contributions to Pension or Annuity 150–316–0565
Basis of Depreciable Assets Moved into Oregon 150–316–0567
Property Subject to Accelerated Cost Recovery System 150–316–0569
Adjustment to Income for Basis Differences 150–316–0575
Amount Specially Taxed Under Federal Law to Be Included in Computation of State Taxable Income: Accumulation Distributions 150–316–0580
Definition for Severely Disabled Exemption 150–316–0585
Exemption for Blind and Severely Disabled 150–316–0590
Substantiation for Permanently Severely Disabled 150–316–0595
Exempt Income of Native Americans 150–316–0600
Oregon Investment Advantage Apportionable Income Exemption 150–316–0605
Military Pay Subtraction 150–316–0607
First-time Home Buyer Savings Account 150–316–0610
Road Construction Worker’s Travel Expenses 150–316–0615
Substantiation Required for Construction Worker and Loggers Expenses 150–316–0625
(Miscellaneous) Valuation of Forest Land or “Farm Use” Land for Oregon Inheritance Tax Purposes 150–316–0630
Scholarship Awards used for Housing Expenses 150–316–0635
Subtraction for Land Contributed to Educational Institutions 150–316–0640
Subtraction for Qualified Investment of Severance Pay 150–316–0650
Waiver of Frivolous Return Penalty Imposed Under ORS 316.992 150–316–0652
Frivolous Return Penalty
Last Updated

Jun. 8, 2021

Rule 150-316-0480’s source at or​.us