[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR301.6316-4]

[Page 214-215]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                               Collection
 
Sec. 301.6316-4  Return requirements.

    (a) Place for filing. A return of income which includes amounts 
received in foreign currency on which the tax is paid in accordance with 
Sec. 301.6316-1 shall be filed with the Director of International 
Operations, Internal Revenue Service, Washington, D.C. 20225. For the 
time for filing income tax returns, see sections 6072 and 6081 and 
Sec. Sec. 1.6072-1, 1.6081-1, and 1.6081-2 of this chapter (Income Tax 
Regulations).

[[Page 215]]

    (b) Statements required. (1) A statement, prepared by the taxpayer, 
and certified by the foundation, commission, or other person having 
control of the payments made to the taxpayer in nonconvertible foreign 
currency, shall be attached to the return showing that for the taxable 
year involved the taxpayer is entitled to pay tax in foreign currency in 
accordance with section 6316 and the regulations thereunder. This 
statement shall disclose the total amount of grants or compensation 
received by the taxpayer during the taxable year under the authority of 
section 32(b) of the Surplus Property Act of 1944, as amended (50 U.S.C. 
App. 1641(b)(2)), or of the Mutual Educational and Cultural Exchange Act 
of 1961, as amended (22 U.S.C. 2451), or section 104 (h), (j), (k), (o), 
or (p) of the Agricultural Trade Development and Assistance Act of 1954, 
as amended (7 U.S.C. 1704 (h), (j), (k), (o), (p)), and the amount 
thereof paid in nonconvertible foreign currency. It shall also state 
that with respect to the grant or compensation the applicable percentage 
requirement of Sec. 301.6316-1 is satisfied.
    (2) The taxpayer shall also attach to the return a detailed 
statement showing (i) the computation, in the manner prescribed by Sec. 
301.6316-3, of the portion of the tax attributable to amounts received 
in nonconvertible foreign currency and (ii) the rates of exchange used 
in determining the tax liability in U.S. dollars. See paragraph (c) of 
Sec. 301.6316-5.