27 C.F.R. § 70.225 Suspension of running of period of limitation; assets of taxpayer in control or custody of court.
Title 27 - Alcohol, Tobacco Products and Firearms
Where all or substantially all of the assets of a taxpayer are in the control or custody of the court in any proceeding before any court of the United States, or any State of the United States, or the District of Columbia, the period of limitations on collection after assessment prescribed in 26 U.S.C. 6502 is suspended with respect to the outstanding amount due on the assessment for the period such assets are in the control or custody of the court, and for 6 months thereafter. (26 U.S.C. 6503) [T.D. ATF–301, 55 FR 47642, Nov. 14, 1990]
Title 27: Alcohol, Tobacco and Firearms
PART 70—PROCEDURE AND ADMINISTRATION
Subpart D—Collection of Excise and Special (Occupational) Tax
Limitations
§ 70.225 Suspension of running of period of limitation; assets of taxpayer in control or custody of court.
