1. Regulations
  2. title 26
  3. chapter I-i19
  4. part 301
  5. subpart 0-i6
  6. subjgrp 60
  7. § 301.6514b-1

View all text of Subjgrp 60 [§ 301.6501(a)-1 - § 301.6532-3]

§ 301.6514(b)-1 - Credit against barred liability.

Any credit against a liability in respect of any taxable year shall be void if the collection of such liability would be barred by the applicable statute of limitations at the time such credit is made.

Mitigation of Effect of Period of Limitations

AUTHORITY: Section 301.1474-1 also issued under 26 U.S.C. 1474(f).

SOURCE: 32 FR 15241, Nov. 3, 1967, unless otherwise noted.

CITE AS: 26 CFR 301.6514