Source: https://irc.bloombergtax.com/public/uscode/doc/irc/section_7122
Timestamp: 2020-05-30 17:37:01
Document Index: 281435185

Matched Legal Cases: ['§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122', '§ 7122']

Internal Revenue Code, § 7122. Compromises
I.R.C. § 7122(a) Authorization —
I.R.C. § 7122(b) Record —
Whenever a compromise is made by the Secretary in any case, there shall be placed on file in the office of the Secretary the opinion of the General Counsel for the Department of the Treasury or his delegate, with his reasons therefor, with a statement of--
I.R.C. § 7122(b)(1) —
I.R.C. § 7122(b)(2) —
I.R.C. § 7122(b)(3) —
I.R.C. § 7122(c) Rules For Submission Of Offers-In-Compromise
I.R.C. § 7122(c)(1) Partial Payment Required With Submission
I.R.C. § 7122(c)(1)(A) Lump-Sum Offers
I.R.C. § 7122(c)(1)(A)(i) In General —
I.R.C. § 7122(c)(1)(A)(ii) Lump-Sum Offer-In-Compromise —
I.R.C. § 7122(c)(1)(B) Periodic Payment Offers
I.R.C. § 7122(c)(1)(B)(i) In General —
I.R.C. § 7122(c)(1)(B)(ii) Failure To Make Installment During Pendency Of Offer —
I.R.C. § 7122(c)(2) Rules Of Application
I.R.C. § 7122(c)(2)(A) Use Of Payment —
I.R.C. § 7122(c)(2)(B) Application Of User Fee —
I.R.C. § 7122(c)(2)(C) Waiver Authority —
I.R.C. § 7122(c)(3) Exception For Low-Income Taxpayers —
I.R.C. § 7122(d) Standards For Evaluation Of Offers. --
I.R.C. § 7122(d)(1) In General. -- —
I.R.C. § 7122(d)(2) Allowances For Basic Living Expenses. --
I.R.C. § 7122(d)(2)(A) In General. -- —
I.R.C. § 7122(d)(2)(B) Use Of Schedules. -- —
I.R.C. § 7122(d)(3) Special Rules Relating To Treatment Of Offers. -- —
The guidelines under paragraph (1) shall provide that--
I.R.C. § 7122(d)(3)(A) —
I.R.C. § 7122(d)(3)(B) —
I.R.C. § 7122(d)(3)(B)(i) —
I.R.C. § 7122(d)(3)(B)(ii) —
I.R.C. § 7122(d)(3)(C) —
I.R.C. § 7122(e) Administrative Review. -- —
The Secretary shall establish procedures--
I.R.C. § 7122(e)(1) —
I.R.C. § 7122(e)(2) —
which allow a taxpayer to appeal any rejection of such offer or agreement to the Internal Revenue Service Independent Office of Appeals.
I.R.C. § 7122(f) Deemed Acceptance Of Offer Not Rejected Within Certain Period —
I.R.C. § 7122(g) Frivolous Submissions, Etc. —
(Aug. 16, 1954, ch. 736, 68A Stat. 849 ; Oct. 4, 1976, Pub. L. 94-455, title XIX, 1906(b)(13)(A), 90 Stat. 1834; Pub. L. 105-206, title III, Sec. 3462, July 22, 1998, 112 Stat 685; Pub. L. 109-222, title V, Sec. 509, May 17, 2006, 120 Stat. 345; Pub. L. 109-432, div. A, title IV, Sec. 407(d), Dec. 20, 2006, 120 Stat. 2922; Pub. L. 113-295, Div. A, title I, Sec. 220(y), Dec. 19, 2014, 128 Stat. 4010; Pub. L. 116-25, title I, Sec. 1001(b)(1)(F), 1102(a), July 1, 2019, 133 Stat. 981.)
2019—Subsec. (c)(3). Pub. L. 116-25, Sec. 1102(a), amended by adding a new par. (3).
Subsec. (e)(2). Pub. L. 116-25, Sec. 1001(b)(1)(F), amended by substituting “Internal Revenue Service Independent Office of Appeals” for “Internal Revenue Service Office of Appeals”.
2014—Subsec. (f)-(g). Pub. L. 113-295, Div. A, Sec. 220(y), redesignated the second subsec. (f), added by Pub. L. 109-432, as subsec. (g).
2006—Subsec. (f). Pub. L. 109-432, Sec. 407(d), added subsec. (f).
Subsec. (c)-(d). Pub. L. 109-222, Sec. 509(a), redesignated subsec. (c) and (d) as subsec. (d) and (e), respectively, and added a new subsec. (c).
Subsec. (d)(3). Pub. L. 109-222, Sec. 509(b)(1), amended subpar. (A) by striking “and” at the end; amended subpar. (B) by substituting “, and” for the period at the end; and added subpar. (C).
Subsec. (f). Pub. L. 109-222, Sec. 509(b)(2), added subsec. (f).
1998—Subsec. (c). Pub. L. 105-206, Sec. 3462(a) inserted new subsec. (c).
Subsec. (d). Pub. L. 105-206, Sec. 3462(c)(1) inserted new subsec. (d).
1996—Subsec. (b). Pub. L. 104-168, sec. 503(a), substituted “$50,000. However, such compromise shall be subject to continuing quality review by the Secretary” for “$500”.
1976—Subsecs. (a), (b). Pub. L. 94-455 struck out “or his delegate” after “Secretary”.
Amendment by Pub. L. 116-25, Sec. 1102(a), effective for offers-in-compromise submitted after the date of the enactment of this Act. [Enacted: July 1, 2019].
Amendment by Pub. L. 116-25, Sec. 1001(b)(1)(F), effective for the date of the enactment of this Act. [Enacted: July 1, 2019].
Amendment by Pub. L. 113-295, Div. A, Sec. 220(y), effective on the date of the enactment of this Act [Enacted: Dec. 19, 2014].
Amendment by Section 407(d) of Pub. L. 109-432 effective for submissions made and issues raised after the date on which the Secretary first prescribes a list under section 6702(c) of the Internal Revenue Code of 1986, as amended by subsection (a).
Amendments by Section 509 of Pub. L. 109-222 applicable for offers-in-compromise submitted on and after the date which is 60 days after the date of the enactment of this Act [Enacted: May 17, 2006].
Amendments by Section 3462 of Pub. L. 105-206 applicable to proposed offers-in-compromise and installment agreements submitted after the date of enactment [enacted: July 22, 1998].
Sec. 503(b) of Pub. L. 104-168 provided that: “The amendment made by this section shall take effect on the date of the enactment of this Act [July 30, 1996].