2006 tax overpayment

[Albe]

I have a client who is finally ready to complete their 2006 return. The return is showing an overpayment of about $9,000. Is it ok to apply this overpayment to the 2007 tax year even though the 2006 year is being filed late? Or since the return is being filed late, do I have to request a refund?

I am hoping to complete the 2007 tax return by October 15 and want to make sure I get the 2006 overpayment properly handled before filing 2007.

Thanks in advance for your advice.

[Jiggers]

Overpayment

Go ahead and apply to 2007.

Be sure that there if there is a 2210 penalty to calculate it and deduct that from the overpayment.