[Code of Federal Regulations]
[Title 26, Volume 17]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR156.6071-1]

[Page 460]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 156_EXCISE TAX ON GREENMAIL--Table of Contents
 
                 Subpart B_Procedure and Administration
 
Sec. 156.6071-1  Time for filing returns relating to greenmail.

    (a) In general. Returns required by Sec. 156.6011-1 (relating to 
liability for tax on greenmail under section 5881) shall be filed on or 
before the ninetieth day following receipt of any portion of the 
greenmail. Greenmail is considered to be received when gain or other 
income is realized, as determined according to the taxpayer's method of 
accounting, without regard to any provision of the Code providing for 
deferral of recognition.
    (b) Returns relating to greenmail received before the date these 
regulations become final. Returns required by Sec. 156.6011-1 that 
relate to greenmail received on or before December 18, 1991, shall be 
filed on or before March 18, 1992.