Internal Revenue Bulletin: 2005-30
July 25, 2005
Judicial remedy for wrongful levies. This ruling clarifies that a wrongful levy action under section 7426 of the Code is the only remedy available to a third person whose property was levied to satisfy the tax debt of another.
Discharge of property; refund action. This ruling clarifies that, in light of amendments to sections 6325 and 7426 of the Code made by the IRS Restructuring and Reform Act of 1998, a person not liable for the underlying tax may not file a refund action under the holding of United States v. Williams, 514 U.S. 527 (1995).
Publication 1245 is revised for tax year 2005. Follow the specifications in this revenue procedure when submitting Form W-4 electronically or magnetically. Rev. Proc. 2001-16 superseded.
|More Internal Revenue Bulletins|