The Tax Cuts and Jobs Act extended the IRS wrongful levy periods for returning the monetary proceeds from the sale of property that has been wrongfully levied upon, and the period for bringing a civil action for wrongful levy, from nine months to two years.
The above amendments apply to:
(1) levies made after the date of the enactment of this Act, and
(2) levies made on or before such date if the 9-month period has not expired under section 6343(b) of the Internal Revenue Code of 1986 (without regard to this section) as of such date.
NOTE:
See IRC Sections 6343 and 6532 as amended by the Tax Cuts and Jobs Act (TCJA) (12/22/2017 Became Public Law No: 115-97).