12 CFR 1073.501 - Tax refund offset.

Regulations last checked for updates: Nov 23, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024

View all text of Subpart E [§ 1073.501 - § 1073.501]

§ 1073.501 - Tax refund offset.

The provisions of 26 U.S.C. 6402(d) and 31 U.S.C. 3720A authorize the Secretary of the Treasury to offset a debt owed to the United States Government from the tax refund due a taxpayer. The Director may administer tax refund offsets in accordance with the requirements of 31 U.S.C. 3720A under the procedures established in 31 CFR 285.2.

authority: 5 U.S.C. 301; 5 U.S.C. 5514; 31 U.S.C. 3711,

source: 78 FR 41678, July 11, 2013, unless otherwise noted.

cite as: 12 CFR 1073.501