Code of Federal Regulations · Section
§ 70.266 — Credit Against Barred Liability
27 C.F.R. § 70.266
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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.
Authorizing Statute
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Departmental regulations5 U.S.C. § 301
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Imposition of tax26 U.S.C. § 4181
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Credits or refunds after period of limitation26 U.S.C. § 6514