[Code of Federal Regulations]
[Title 26, Volume 13]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR]

[Page 433-435]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
Procedure and Administration--Table of Contents
 
Sec.  1.6154-2  Short taxable years.

    (a) Taxable years beginning on or before December 31, 1963--(1) In 
general. In the case of a corporation filing a declaration for a short 
taxable year beginning on or before December 31, 1963, the amount of the 
estimated tax required to be paid shall be paid as follows:
    (i) If the short taxable year is a period of more than 9 months and 
the declaration is required to be filed on or

[[Page 434]]

before the 15th day of the 9th month, the amount of the estimated tax 
required to be paid shall be paid in 2 installments; the 1st on or 
before the 15th day of the 9th month and the 2d on or before the 15th 
day of the last month of the short taxable year.
    (ii) If the short taxable year is a period of 9 or more months and 
the declaration is not required to be filed until the 15th day of the 
last month of the short taxable year, the amount of the estimated tax 
required to be paid shall be paid in full on or before the 15th day of 
the last month of the short taxable year.
    (2) Examples. The application of the provisions of subparagraph (1) 
of this paragraph may be illustrated by the following examples:

    Example (1). If a corporation changes from a calendar year to a 
fiscal year beginning November 1, 1956, and ending October 31, 1957, a 
declaration is required on or before September 15, 1956, for the short 
taxable year January 1, 1956, to October 31, 1956, if such corporation 
otherwise meets the requirements of section 6016(a) on or before August 
31, 1956. In such case the first installment of the estimated tax must 
be paid with the declaration filed on September 15, 1956. The second 
installment must be paid on or before October 15, 1956, the 15th day of 
the last month of the short taxable year.
    Example (2). If, in the first example, the corporation did not meet 
the requirements of section 6016(a) until after August 31, 1956, but 
before October 1, 1956, the declaration would have been due on October 
15, 1956. In such case the amount of the estimated tax required to be 
paid must be paid in full with the declaration filed on October 15, 
1956.

    (b) Taxable years beginning after December 31, 1963--(1) In general. 
In the case of a short taxable year which begins after December 31, 
1963, and in respect of which a declaration of estimated tax is required 
to be filed (see paragraph (b) of Sec.  1.6074-2), the amount of, and 
time for payment of, each installment of estimated tax shall be 
determined by paragraphs (1) to (4), inclusive, of section 6154(a), 
except that in the case of a short taxable year ending after November 
30, 1964, any estimated tax payable in installments which is not paid 
before the 15th day of the last month of the short taxable year (whether 
or not the date otherwise specified in section 6154(a) for payment has 
arrived) shall be paid on such 15th day of the last month of the short 
taxable year.
    (2) Examples. The application of the provisions of subparagraph (1) 
of this paragraph may be illustrated by the following examples:

    Example (1). X, a corporation filing on a calendar year basis, 
changes to a fiscal year beginning September 1, 1965, and ending August 
31, 1966, and is required to file a declaration on or before April 15, 
1965, for the short taxable year January 1, 1965, to August 31, 1965. X 
must make two 4 percent installment payments of the estimated tax, the 
first on or before April 15, 1965, and the second on or before June 15, 
1965, and must pay 50 percent (25 percent for the 3d installment plus 25 
percent for the 4th installment) of the estimated tax on or before 
August 15, 1965 (the 15th day of the last month of the short taxable 
year), as the last installment.
    Example (2). If, in the first example, X does not meet the 
requirements of section 6016(a) until June 15, 1965, the declaration is 
due on or before August 15, 1965. X is required to pay 58 percent of the 
estimated tax on or before August 15, 1965 (the 15th day of the last 
month of the short taxable year).

    (3) Late filing of declaration of estimated tax. In the case of a 
declaration of estimated tax for a short taxable year beginning after 
December 31, 1963, filed after the date prescribed by section 6074(a) 
(determined without regard to any extension of time for filing the 
declaration under section 6081), the provisions of paragraph (b)(1)(iii) 
of Sec.  1.6154-1 shall be applied in determining the amount of and time 
for payment of each installment. However, in the case of short taxable 
years beginning after December 31, 1963, and ending after November 30, 
1964, where, under the provisions of paragraph (b)(1)(iii) of Sec.  
1.6154-1, installments are to be paid after the close of the short 
taxable year, such installments shall be paid on or before the 15th day 
of the last month of the short taxable year.
    (4) Amended declarations. In the case of an amended declaration of 
estimated tax for a short taxable year beginning after December 31, 
1963, filed in accordance with section 6074(b), the provisions of 
paragraph (b)(2) of Sec.  1.6154-1 shall apply to determine the amount 
of each remaining installment. However, where, under the provisions of 
such paragraph (b)(2), installments are to be paid after the close of 
the short taxable year, such installments shall be paid

[[Page 435]]

on or before the 15th day of the last month of the short taxable year.

[T.D. 6768, 29 FR 14925, Nov. 4, 1964]