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gross income” of $77,550 and claiming itemized deductions of
$33,296 and prepayment credits of $30,480.
The parties agree that petitioner’s prepayment credits for
1996 total $30,480 and are attributable to estimated tax payments
for that year. The parties further agree that, without consider-
ing those prepayment credits for 1996, there is a reduced defi-
ciency of $21,507 in petitioner’s tax for 1996. The parties also
agree that, after taking into account petitioner’s $30,480 of
prepayment credits, petitioner has overpaid her 1996 tax in the
amount of $8,973 (1996 overpayment).
Discussion
Petitioner contends that she is entitled to a refund of her
1996 overpayment. Respondent disputes that contention. On the
record before us, we reject petitioner’s position.
The Court has jurisdiction to determine the amount of an
overpayment of tax for a taxable year, and the amount so deter-
mined by the Court shall, when the decision of the Court becomes
final, be credited or refunded to the taxpayer. See sec.
6512(b)(1). Section 6512(b)(3) imposes a limit on the amount of
any such credit or refund. As pertinent here, that section
provides:
(3) Limit on amount of credit or refund.–-No such
credit or refund shall be allowed or made of any por-
tion of the tax unless the Tax Court determines as part
of its decision that such portion was paid--
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