Voluntary Overpayment of Tax – Paul Gaukin CPA

Global StrategyWhen someone makes a payment of tax and they are under no legal obligation to do so, that person has made a voluntary payment that is generally nonrefundable.

An example of this is if a shareholder of a corporation attempted to file a refund for tax paid by the corporation, the shareholder would be denied that right for the refund.

Wrongful Voluntary Overpayment of Tax

There have been cases however when a taxpayer sued for a refund in regard to corporate taxes that were paid by the taxpayer for an erroneous claim that the taxpayer was led to believe he was personally liable for. This is situation, the taxpayer would have the right to file a claim for refund because he was in fact not liable for the corporate tax paid.

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.


Comments are closed.