§ 1.6165-1. Bonds where time to pay the tax or deficiency has been extended.
86 words·~1 min read·
/us/cfr/t26/s§ 1.6165-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The district director, including the Director of International Operations, may, as a condition to the granting of an extension of time within which to pay any tax or any deficiency therein, require the taxpayer to furnish a bond in an amount not exceeding double the amount of the tax with respect to which the extension is granted. Such bond shall be furnished in accordance with the provisions contained in section 7101 and the regulations in part 301 of this chapter (Regulations on Procedure and Administration). COLLECTION