[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: 26CFR301.7102-1]

[Page 477]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                                  Bonds
 
Sec. 301.7102-1  Single bond in lieu of multiple bonds.

    (a) In general. Except as provided in paragraph (b) of this section, 
a person who is required, or authorized, under the Code (other than 
sections 6803(a)(1) and 7485), or under any rules or regulations under 
the Code, to execute two or more bonds may, in the discretion of the 
district director, furnish a single bond in lieu of such two or more 
bonds but only if such single bond meets all the conditions and 
requirements prescribed for each of the separate bonds which it 
replaces. This section shall also apply in the case of bonds required or 
authorized under the Internal Revenue Code of 1939 (other than sections 
1423(b) and 1145) or under the regulations under such Code.
    (b) Bonds required under subtitle E and chapter 75 of the Internal 
Revenue Code of 1954. In the case of bonds required under subtitle E and 
chapter 75, subtitle F, of the Internal Revenue Code of 1954 (or under 
the corresponding provisions of the Internal Revenue Code of 1939), a 
single bond will not be accepted in lieu of two or more bonds except as 
provided in the regulations in subchapter E of this chapter (Alcohol, 
Tobacco, and Other Excise Taxes).