Auditing and Financial Management:
Comments on the Immunity of Federal Prisoners Trust Funds to Tax Levies
B-165138, Mar 12, 1969
GAO commented on whether prisoners' trust funds under the control of the Bureau of Prisons are property subject to tax lien and levy under the Internal Revenue Code of 1954. GAO held that although these funds are classified as trust funds and viewed as not subject to setoff under the terms of the trust agreement, they are nevertheless property subject to tax lien and levy since they are not among the enumerated exemptions cited in the law.