[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.