[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 439-440]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
Procedure and Administration--Table of Contents
 
Sec.  1.6164-7  Termination by district director.

    (a) After an examination of the statement filed by the corporation 
is made.

[[Page 440]]

The district director is authorized to make such examination of the 
statements filed as he deems necessary and practicable. If, upon such 
examination as he may make, the district director believes that, as of 
the time he makes the examination, all or any part of the statement is 
in a material respect erroneous or unreasonable, he will terminate the 
extension as to any part of the amount to which such extension relates 
which he deems should be terminated.
    (b) Jeopardy. If the district director believes that the collection 
of any amount to which an extension under section 6164 relates is in 
jeopardy, he will immediately terminate the extension. In the case of 
such a termination, notice and demand shall be made by the district 
director for payment of such amount, and there may be no further 
extension of time under section 6164 with respect to such amount.