Federal Receivership Fairness Act

This bill allows federal or state courts to determine unpaid federal tax liabilities (including penalties) for businesses or assets under court-appointed receivership. It directly affects receivers managing failed entities (like banks or corporations), the estates they oversee, and tax authorities. Courts can resolve tax disputes within 60 days if the government doesn’t review a receiver’s tax return, or 180 days if an audit is needed, with exceptions for prior court decisions, refund requests (requiring 120 days), and expired property tax challenges. The bill also requires government tax units to pay owed taxes without claiming sovereign immunity, ensuring they can’t avoid accountability.