[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: 26CFR301.7507-8]

[Page 557-558]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                          Judicial Proceedings
 
Sec. 301.7507-8  Procedure during immunity.

    (a) Statements to be filed. As long as complete or partial immunity 
is claimed, a bank within section 7507(b) shall file with each income 
tax return a statement as required by Sec. 301.7507-7, in duplicate, 
and shall also file such additional statements as the district director 
may require. Whether or not additional statements shall be required, and 
the frequency thereof, will depend on the circumstances, including the 
financial status and apparent prospects of the bank, and the time which 
is

[[Page 558]]

available for assessment and collection. If a copy of an agreement or 
document has once been filed, a copy of the same agreement or document 
need not again be filed with a subsequent statement, if it is shown by 
the subsequent statement, when and where and with what return the copy 
was filed. In case of amendment a copy of the amendment must be filed 
with the return for the taxable year in which the amendment is made.
    (b) Failure to file. Failure of a bank to file any required 
statement will be treated as indicating that the bank is not entitled to 
immunity.