§3503 — Erroneous payments
2 cases·2 cited
Statute Text — 26 U.S.C. §3503
Any tax paid under chapter 21 or 22 by a taxpayer with respect to any period with respect to which he is not liable to tax under such chapter shall be credited against the tax, if any, imposed by such other chapter upon the taxpayer, and the balance, if any, shall be refunded.
Treasury Regulations
- Treas. Reg. §Treas. Reg. §31.3503-1 Tax under chapter 21 or 22 paid under wrong chapter
- Treas. Reg. §Treas. Reg. §31.3503-1(a) §31.3503-1(a)
- Treas. Reg. §Treas. Reg. §31.3503-1(b) §31.3503-1(b)
2 Citing Cases
Also see Subsection 7806(b) I.R.C. 6343(a)(D) Respondent's Rule 40 Motion and Subsequent Developments 3 We understand this citation to refer to sec. 1-207 of the Uniform Commercial Code. That section is entitled "Performance or Acceptance Under Reservation of Rights" and the current version thereof appears as Nev. Rev. Stat. sec. 104.