[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: 26CFR301.6501(o)-1]

[Page 370-371]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                               Limitations
 
Sec. 301.6501(o)-1  Work incentive program credit carrybacks, taxable 
years beginning after December 31, 1971.

    With respect to taxable years beginning after December 31, 1971, a 
deficiency attributable to the application to the taxpayer of a work 
incentive program credit carryback (including deficiencies which may be 
assessed pursuant to the provisions of section 6213(b)(2) ) may be 
assessed at any time

[[Page 371]]

before the expiration of the period within which a deficiency for the 
taxable year of the unused work incentive program credit which results 
in such carryback may be assessed, or, with respect to any portion of a 
work incentive program credit carryback from a taxable year attributable 
to a net operating loss or capital loss carryback from a subsequent 
taxable year, at any time before the expiration of the period within 
which a deficiency for such subsequent taxable year may be assessed.

[T.D. 7301, 39 FR 975, Jan. 4, 1974]