CFR›Title 26›Chapter I›Part 301›Subpart ECFR47464f8a81aa5b0›Subject Group Limitations on Assessment and Collection›26 CFR 301.6514(b)-1 Citation26 CFR 301.6514(b)-1CorpusDaily eCFRDisplayed edition2026-05-15Last updated2026-05-15 § 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 Previous 301.6514(a)-1 § 301.6514(a)-1 Credits or refunds after period of limitation. Next 301.6521-1 § 301.6521-1 Mitigation of effect of limitation in case of related employee social security tax and self-employment tax.
§ 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