[Code of Federal Regulations]
[Title 26, Volume 16]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR48.6416(f)-1]

[Page 206-207]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 48_MANUFACTURERS AND RETAILERS EXCISE TAXES--Table of Contents
 
    Subpart O_Refunds and Other Administrative Provisions of Special 
            Application to Retailers and Manufacturers Taxes
 
Sec. 48.6416(f)-1  Credit on returns.

    Any person entitled to claim refund of any overpayment of tax 
imposed by section 4041, 4042, 4051 or chapter 32 may, in lieu of 
claiming refund of the overpayment, claim credit for the overpayment on 
any return of tax under this subpart subsequently filed. Any

[[Page 207]]

such credit claimed on a return must be supported by the evidence 
prescribed in the applicable regulations in this subpart and Sec. 
301.6402 of this chapter (Regulations on Procedure and Administration).

[T.D. 8043, 50 FR 32034, Aug. 8, 1985]