[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR301.6402-1]

[Page 337]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                    Abatements, Credits, and Refunds
 
Sec. 301.6402-1  Authority to make credits or refunds.

    The Commissioner, within the applicable period of limitations, may 
credit any overpayment of tax, including interest thereon, against any 
outstanding liability for any tax (or for any interest, additional 
amount, addition to the tax, or assessable penalty) owed by the person 
making the overpayment and the balance, if any, shall be refunded, 
subject to sections 6402 (c) and (d) and the regulations thereunder, to 
that person by the Commissioner.

[T.D. 8053, 50 FR 39662, Sept. 30, 1985]

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