Internal Revenue Code · 26 U.S.C.
§ 7121. Closing agreements
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 7121
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Enacted
- October 4, 1976 by Pub. L. 94–455
- Length
- 2 subsections · 171 words · about 1 min to read
- Cross-references
- cites 0; cited by 7 Code sections and 20 other regulations
- Regulations
- 1 issued under this section
The Secretary is authorized to enter into an agreement in writing with any person relating to the liability of such person (or of the person or estate for whom he acts) in respect of any internal revenue tax for any taxable period.
(Aug. 16, 1954, ch. 736, 68A Stat. 849; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)
Regulations under this section
Treasury regulations (26 CFR) issued under § 7121
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
Cited by 7 Code sections
- § 547(c)(2) Deduction for deficiency dividends
- § 860(e)(2) Deduction for deficiency dividends
- § 1313(a)(2) Definitions
- § 6013(b)(2)(D) Joint returns of income tax by husband and wife
- § 6103(b)(2)(D) Confidentiality and disclosure of returns and return information
- § 7123(b)(1)(B) Appeals dispute resolution procedures
- § 7206(5) Fraud and false statements
Cited in 20 regulations not issued under it
- § 1.46-8 Requirements for taxpayers electing additional one-percent investment credit (TRASOP's).
- § 1.66-4 Request for relief from the Federal income tax liability resulting from the operation of community property law.
- § 1.281-4 Taxable years affected.
- § 1.355-6 Recognition of gain on certain distributions of stock or securities in controlled corporation.
- § 1.547-2 Requirements for deficiency dividends.
- § 1.613-7 Application of percentage depletion rates provided in section 613(b) to certain taxable years ending in 1954.
- § 1.860-2 Requirements for deficiency dividends.
- § 1.963-6 Deficiency distribution.
- § 1.992-3 Deficiency distributions to meet qualification requirements.
- § 1.1311(a)-2 Purpose and scope of section 1311.
- § 1.6013-2 Joint return after filing separate return.
- § 1.6015-1 Relief from joint and several liability on a joint return.
- § 20.2001-1 Valuation of adjusted taxable gifts and section 2701(d) taxable events.
- § 28.2801-5 Foreign trusts.
- § 301.6225-2 Modification of imputed underpayment.
- § 301.6404-4 Suspension of interest and certain penalties when the Internal Revenue Service does not timely contact the taxpayer.
- § 301.7803-2 Internal Revenue Service Independent Office of Appeals resolution of Federal tax controversies without litigation.
- § 601.106 Appeals functions.
- § 601.201 Rulings and determinations letters.
- § 601.202 Closing agreements.
Amendment history
From the source credit and the official notes, newest first.
- Enacted by Pub. L. 94–455Parts changed in 1976: (a)
Where it sits in the Code
Nearby sections
- § 7121 Closing agreements
- § 7122 Compromises
- § 7123 Appeals dispute resolution procedures
- § 7124 Cross references
Official notes
Show the Law Revision Counsel's notes (amendments, effective dates)
Editorial Notes
Amendments
1976—Subsecs. (a), (b). Pub. L. 94–455 struck out “or his delegate” after “Secretary”.