[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: 26CFR156.6161-1]

[Page 461-462]
 
                       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. 156.6161-1  Extension of time for paying tax or deficiency.

    (a) In general--(1) Tax shown or required to be shown on return. A 
reasonable extension of the time for payment of the amount of any tax 
imposed by chapter 54 (Greenmail) of the Code and shown or required to 
be shown on any return may be granted by the appropriate district 
director at the request

[[Page 462]]

of the taxpayer. The period of such extension shall not exceed 6 months 
from the date for payment of such tax.
    (2) Deficiency. The time for payment of any amount determined as a 
deficiency in respect of tax imposed by chapter 54 of the Code may, at 
the request of the taxpayer, be extended by the internal revenue officer 
to whom the tax is required to be paid. The extension may be for a 
period not to exceed 18 months from the date fixed for payment of the 
deficiency, as shown on the notice and demand. In exceptional cases, a 
further extension for a period not in excess of 12 months may be 
granted. No extension of time for payment of a deficiency shall be 
granted if the deficiency is due to negligence, to intentional disregard 
of rules and regulations, or to fraud with intent to evade tax.
    (3) Extension of time for filing distinguished. The granting of an 
extension of time for filing a return does not operate to extend the 
time for the payment of the tax or any part thereof unless so specified 
in the extension.
    (b) Certain rules relating to extensions of time for paying income 
tax to apply. The provisions of Sec. 1.6161-1 (b), (c), and (d) of this 
chapter (relating to a requirement for undue hardship, to the 
application for extension, and to payment pursuant to an extension) 
shall apply to extensions of time for payment of the tax imposed by 
chapter 54 of the Code.