US Codex

Notes

§6332. Surrender of property subject to levy — Inbound Citations

26 U.S.C. § 6332

Cited by 2 provisions in release 119-102.

Citations to 26 U.S.C. § 6332 as a whole

26 U.S.C. § 6342(a)

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(a) Any money realized by proceedings under this subchapter (whether by seizure, by surrender under section 6332 (except pursuant to subsection (d)(2) thereof), or by sale of seized property) or by sale of property redeemed by the United States (if the interest of the United States in such property was a lien arising under the provisions of this title) shall be applied as follows:

(1) First, against the expenses of the proceedings;

(2) If the property seized and sold is subject to a tax imposed by any internal revenue law which has not been paid, the amount remaining after applying paragraph (1) shall then be applied against such tax liability (and, if such tax was not previously assessed, it shall then be assessed);

(3) The amount, if any, remaining after applying paragraphs (1) and (2) shall then be applied against the liability in respect of which the levy was made or the sale was conducted.

Citations to §6332(b)

26 U.S.C. § 6323(b)(9)(C)

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(C) after satisfaction of a levy pursuant to section 6332(b), unless and until the Secretary delivers to such organization a notice, executed after the date of such satisfaction, of the existence of such lien.