[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 441]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
Procedure and Administration--Table of Contents
 
Sec.  1.6302-1  Use of Government depositaries in connection with 

corporation income and estimated income taxes and certain taxes of 
tax-exempt organizations.

    (a) Requirement. A corporation (and, for taxable years beginning 
after December 31, 1986, any organization subject to the tax imposed by 
section 511, and any private foundation subject to the tax imposed by 
section 4940) shall deposit with an authorized depositary of Federal 
taxes all payments of tax imposed by chapter 1 of the Code (or treated 
as so imposed by section 6154 (h)), including any payments of estimated 
tax, on or before the date otherwise prescribed for paying such tax. 
This paragraph does not apply to a foreign corporation or entity which 
has no office or place of business in the United States.
    (b) Manner of deposit--(1) Deposit by Federal tax deposit coupon. A 
deposit required to be made by this section shall be made separately 
from a deposit required by any other section. A corporation may make 
one, or more than one, remittance of the amount required by this section 
to be deposited. Each remittance shall be accompanied by a Federal Tax 
Deposit form which shall be prepared in accordance with the instructions 
applicable thereto. The remittance, together with the Federal Tax 
Deposit form, shall be forwarded to a financial institution authorized 
as a depositary for Federal taxes in accordance with 31 CFR part 203. 
The timeliness of the deposit will be determined by the date stamped on 
the Federal Tax Deposit form by the authorized financial institution or, 
if section 7502(e) applies, by the date the deposit is treated as 
received under section 7502(e). Each corporation making deposits under 
this section shall report on the return, for the period with respect to 
which such deposits are made, information regarding such deposits 
according to the instructions that apply to such return. Amounts 
deposited under this section shall be considered as payment of the tax.
    (2) Deposits by electronic funds transfer. For the requirement to 
deposit corporation income and estimated income taxes and certain taxes 
of tax-exempt organizations by electronic funds transfer, see Sec.  
31.6302-1(h) of this chapter. A taxpayer not required to deposit by 
electronic funds transfer pursuant to Sec.  31.6302-1(h) of this chapter 
remains subject to the rules of paragraph (b)(1) of this section.
    (c) Procurement of the prescribed forms. Copies of the Federal Tax 
Deposit form will so far as possible be furnished corporations. A 
corporation will not be excused from making a deposit, however, by the 
fact that no form has been furnished to it. Corporations not supplied 
with the proper form should make application therefor to the district 
director (or director of a service center) in ample time to make the 
required deposits within the time prescribed. The corporation may secure 
the form or additional forms by applying therefor and supplying the 
district director or director of a service center with its name, 
identification number, address and the taxable year to which the 
deposits will relate.
    (d) Failure to deposit. For provisions relating to the penalty for 
failure to make a deposit within the prescribed time, see section 6656.

[T.D. 6914, 32 FR 3820, Mar. 8, 1967, as amended by T.D. 6941, 32 FR 
18040, Dec. 16, 1967; T.D. 7293, 38 FR 32804, Nov. 28, 1973; T.D. 7953, 
49 FR 19644, May 9, 1984; T.D. 8157, 52 FR 33809, Sept. 9, 1987; T.D. 
8723, 62 FR 37492, July 14, 1997, T.D. 8947, 66 FR 32542, June 15, 2001; 
T.D. 8952, 66 FR 33831, June 26, 2001]