Overpayment Obligations

When a taxpayer pays more than they owe, you must decide what to do with the excess money. The following points describe two possibilities:

You control which method is used by plugging in the appropriate Overpayment Distribution algorithm on each account type (i.e., you can choose a different method for different account types). If you choose to hold overpayments on a separate obligation, then you must set up an obligation type.

The following points highlight interesting information about overpayment obligation types: