[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: 26CFR301.6805-1]

[Page 461-462]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                  General Provisions Relating to Stamps
 
Sec. 301.6805-1  Redemption of stamps.

    (a) Authorization. (1) Upon receipt of satisfactory evidence of the 
facts by the district director or director of the service center, he may 
make allowance for or redeem stamps issued under the authority of any 
internal revenue law if--
    (i) The stamps have been spoiled, destroyed, or rendered useless or 
unfit for the purpose intended, or
    (ii) The owner of the stamps has no use therefor.
    (2) If a stamp has been in use for any period of time, it may not be 
redeemed under section 6805. Similarly, no allowance shall be made for 
stamps which have been lost or stolen.
    (b) Method and conditions of allowance. Such allowance or redemption 
may be made, either by giving other stamps in lieu of the stamps so 
allowed for or redeemed, or by refunding the amount or value to the 
owner thereof, deducting therefrom, in case of repayment, the 
percentage, if any, allowed to the purchaser thereof. Claims for the 
redemption of or allowance for stamps shall be made on Form 843 and 
filed with the district director or director of the service center 
within three years from the date of the purchase of the stamps from the 
Government. The stamps for which redemption or allowance is claimed 
shall be submitted with the claim. If the stamps are destroyed or 
damaged to the extent that they cannot be presented for redemption or 
allowance, proof satisfactory to the district director or director of 
the service center that they have been destroyed or so damaged must 
accompany the claim before allowance or redemption shall be made. In any 
case where the actual date of purchase of the stamps from the Government 
cannot be established, it must be definitely shown in the claim whether 
they were so purchased within three years prior to the date of filing of 
the claim.

[[Page 462]]

    (c) Time for filing claims. No claim for the redemption of, or 
allowance for, stamps shall be allowed under this section unless 
presented within 3 years after the purchase of such stamps from the 
Government.
    (d) Finality of decisions. The findings of fact in and the decision 
of the district director or director of the service center upon the 
merits of any claim presented under or authorized by this section, shall 
in the absence of fraud or mistake in mathematical calculation, be final 
and not subject to revision by any accounting officer.

[T.D. 7188, 37 FR 12795, June 29, 1972]