CCH Axcess Tax

Application of Overpayment Code

All or a portion of the current year overpayment, less any contributions, is applied to the 2022 estimated tax when an overpayment code is specified in this field or in the Return Configuration Set, or there is an entry in either the Ohio School District Income Tax Return - Estimate Options > Ohio School District Estimate Options > Overrides and Adjustments > Make net estimated equal to overpayment field or the Ohio School District Income Tax Return - Estimate Options > Ohio School District Estimate Options > Overrides and Adjustments > Amount of overpayment to apply to estimate field. Otherwise the entire overpayment is refunded.

Valid overpayment(O/P) codes are as follows:

Code	Action
1	Apply O/P to first installment, refund balance.
2	Apply O/P to successive installments, refund balance.
3	Apply O/P equally to all installments, refund balance.
4	Apply O/P to successive installments. If O/P exceeds estimate, the estimate is made equal to the O/P.
5	Apply O/P to successive installments. If the O/P exceeds estimate, refund entire O/P.
6	Leave the application of O/P open.
7	Apply entire O/P to the estimate. This code is valid only if the "Estimate Code" of "1" or "3" is used.
8	Reserved.
9	Apply O/P successively to the first two installments, refund balance.
10	Refund the entire O/P(Default).

If code "6" is used, the "overpayment applied to the estimate" line of Form SD 100 and all subsequent lines are left blank. Furthermore, the estimated tax payments are not calculated, and estimated tax information is not mentioned in the transmittal letter or filing instructions. If code "6" is used on the Ohio Income Tax Return - Estimate / Underpayment > Estimate Overrides and Adjustments > Application of overpayment code field for IT 1040 purposes, neither form SD 100 or SD 100ES will be mentioned in the transmittal letter or filing instructions.

Entries in either the Ohio School District Income Tax Return - Estimate Options > Ohio School District Estimate Options > Overrides and Adjustments > Make net estimated equal to overpayment field or the Ohio School District Income Tax Return - Estimate Options > Ohio School District Estimate Options > Overrides and Adjustments > Amount of overpayment to apply to estimate field override the application of overpayment code entered here and in the Return Configuration Set.

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