[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: 26CFR301.6532-2]

[Page 390]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                               Limitations
 
Sec. 301.6532-2  Periods of limitation on suits by the United States.

    The United States may not recover any erroneous refund by civil 
action under section 7405 unless such action is begun within 2 years 
after the making of such refund. However, if any part of the refund was 
induced by fraud or misrepresentation of a material fact, the action to 
recover the erroneous refund may be brought at any time within 5 years 
from the date the refund was made.