Federal Receivership Fairness Act amends the Internal Revenue Code to allow courts to determine tax liabilities in receivership cases.

The Federal Receivership Fairness Act amends the Internal Revenue Code to establish rules for determining tax liabilities in receivership cases. Courts can determine the amount or legality of any federal tax, fine, penalty, or addition to tax. Certain exceptions apply, such as when the tax amount or legality was adjudicated before the receivership. The act also allows for the offset of claims against governmental units and abrogates sovereign immunity in specific circumstances. The amendments apply to returns filed after the enactment of the Act.

Federal Receivership Fairness Act amends the Internal Revenue Code to allow courts to determine tax liabilities in receivership cases.

The Federal Receivership Fairness Act amends the Internal Revenue Code to establish rules for determining tax liabilities in receivership cases. Courts can determine the amount or legality of any federal tax, fine, penalty, or addition to tax. Certain exceptions apply, such as when the tax amount or legality was adjudicated before the receivership. The act also allows for the offset of claims against governmental units and abrogates sovereign immunity in specific circumstances. The amendments apply to returns filed after the enactment of the Act.