Regulation .01 Order of Payment for Unpaid Income Tax.

Regulation .01 Order of Payment for Unpaid Income Tax.Link Copy Citation

A.

Income tax payments received by the Comptroller shall be applied as follows:

(1)

Payments accompanying returns shall be applied to the period covered by the return in the following manner:

(a)

First to any penalty;

(b)

Second to accrued interest; and

(c)

Third to the unpaid tax.

(2)

All other payments shall be applied to the earliest delinquent tax year in the following manner:

(a)

First to any penalty;

(b)

Second to accrued interest; and

(c)

Third to the unpaid tax.

B.

A refund of income tax due a taxpayer shall be applied first as provided for in §A(2) of this regulation, and then in the following order of priority:

(1)

To any debt collection intercept under COMAR 03.04.05 or 03.04.06; and

(2)

To the taxpayer of any remaining balance.