§ 40.356. Adjustments in the return of manufacturer.
175 words·~1 min read·
/us/cfr/t27/s§ 40.356·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Adjustments may be made in Schedules A and B of the manufacturer's semimonthly tax return, TTB Form 5000.24, as provided in this section. Schedule A of the return will be used where an unintentional error in a previous return resulted in an underpayment of tax. Schedule B of the return will be used where an unintentional error in a previous return resulted in an overpayment of tax, or where notice has been received from the appropriate TTB officer that a claim for allowance of tax has been approved.
In the case of an overpayment, the manufacturer shall have the option of filing a claim on TTB TTB F 5620.8 for refund or taking credit in Schedule B of the return, both subject to the period of limitations prescribed in 26 U.S.C. 6511. Any adjustment made in a return must be fully explained in the appropriate schedule or in a statement attached to and made a part of the return in which such adjustment is made. (72 Stat. 1417, 68A Stat. 791; 26 U.S.C. 5703, 6402)
Connectionstraces to 2
Traces to 2 documents
1 reference not yet in our index
- 72 Stat. 1417
Citation graph
cites case law
Cites 3Cited by 0 across 0 sources