Ezel / IRS Rulings / 201116027

CCA 201116027: IRS advised that a taxpayer generally may not undo a credit elect

Number
201116027
Outcome
Advice
Document type
Chief Counsel Advice
IRS subject
Authority to Make Credits or Refunds
Topics
Procedure, penalties, and administration
Code sections
§ 6402
Ruling dated
March 28, 2011
Publicly released
April 22, 2011
Source
View Official PDF

Apply this to your situation

This page covers legal advice the IRS Office of Chief Counsel wrote for IRS staff, issued in 2011, which can't be cited as precedent. Ask about your situation and see what the current Code and IRS guidance say, with citations.

Currency note: this determination was released in 2011
Statutory amendments, regulation changes, court decisions, or later IRS guidance may have changed the analysis since then. Treat this page as historical context, not current tax advice. Verify current law before relying on any specific rule, threshold, or position mentioned here.
Not precedent. Under 26 U.S.C. § 6110(k)(3), this written determination may not be used or cited as precedent. It is advice from the IRS Office of Chief Counsel to IRS personnel on the facts they presented, and identifying details were redacted by the IRS before release. The official IRS release (linked on this page as a PDF) is the authoritative source.
About this page: The plain-English summary and ruling snapshot below were written by Ezel based on the official IRS release. The full text is the IRS's own document.
View official IRS release (PDF)

Plain-English summary

Chief Counsel Advice addressed whether a taxpayer could undo a credit elect. The short answer was no. The IRS stated that a taxpayer may not generally undo a credit elect. The release is an email-style memorandum with no additional factual discussion or procedural analysis.

Ruling snapshot

  • Question: May a taxpayer generally undo a credit elect?
  • Outcome: Advice given
  • Key authorities: IRC § 6402

Full text (IRS public release)

ID: CCA_2011032813332942 Number: 201116027
Release Date: 4/22/2011
Office: --------------
UILC: 6402.00-00

From: -------------------------
Sent: Monday, March 28, 2011 1:33:30 PM
To: ----------------------------------------
Cc:
Subject: credit elects

Short answer, no. A taxpayer may not generally undo a credit elect.

What does the Code say today, for your facts?

This advice was written for IRS staff and cannot be cited. Ezel checks the current Internal Revenue Code and IRS guidance against your situation, with citations.

Opens in Ezel Pro.

  • Checks the law as it stands today, not only this page
  • Cites every source it relies on, so you can verify it
  • Chat, drafting and research in one workspace