WHAT THE LAW DOINCongress, in plain words

The law › Title 26, Internal Revenue Code › Chapter 74

26 U.S.C. 7122: Compromises

Created in 1976 by Public Law 94-455. Changed by 6 later laws. 1 bill in this Congress would change it.

1 part of federal rules cite it as their authority, written by Alcohol and Tobacco Tax and Trade Bureau, Department of the Treasury (1).

This Congress

  • S. 5441 TAS Act · reported by committee · would change (b), (e), (h)

How it got here

2019

  • Pub. L. 116–25, §1102(a), added par. (3). (Taxpayer First Act) Law text · (c)
  • Pub. L. 116–25, §1001(b)(1)(F), substituted "Internal Revenue Service Independent Office of Appeals" for "Internal Revenue Service Office of Appeals". (Taxpayer First Act) Law text · (e)

2014

  • Pub. L. 113–295 redesignated subsec. (f) relating to frivolous submissions as (g). Law text · (f), (g)

2006

  • Pub. L. 109–222, §509(a), added subsec. (c). Former subsec. (c) redesignated (d). (Tax Increase Prevention and Reconciliation Act of 2005) Law text · (c)
  • Pub. L. 109–222, §509(a), redesignated subsec. (c) as (d). Former subsec. (d) redesignated (e). (Tax Increase Prevention and Reconciliation Act of 2005) Law text · (d)
  • Pub. L. 109–222, §509(b)(1), added subpar. (C). (Tax Increase Prevention and Reconciliation Act of 2005) Law text · (d)
  • Pub. L. 109–222, §509(a), redesignated subsec. (d) as (e). (Tax Increase Prevention and Reconciliation Act of 2005) Law text · (e)
  • Pub. L. 109–432 added subsec. (f) relating to frivolous submissions. (Tax Relief and Health Care Act of 2006) Law text · (f)
  • Pub. L. 109–222, §509(b)(2), added subsec. (f) relating to deemed acceptance of offer not rejected within certain period. (Tax Increase Prevention and Reconciliation Act of 2005) Law text · (f)

1998

  • Pub. L. 105–206, §3462(a), added subsec. (c). (Internal Revenue Service Restructuring and Reform Act of 1998) Law text · (c)
  • Pub. L. 105–206, §3462(c)(1), added subsec. (d). (Internal Revenue Service Restructuring and Reform Act of 1998) Law text · (d)

1996

  • Pub. L. 104–168 substituted "$50,000. However, such compromise shall be subject to continuing quality review by the Secretary." for "$500." (Taxpayer Bill of Rights 2) Law text · (b)

1976

  • Pub. L. 94–455 struck out "or his delegate" after "Secretary". · (a), (b)

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.