[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: 26CFR55.6161-1]

[Page 406]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 55_EXCISE TAX ON REAL ESTATE INVESTMENT TRUSTS AND REGULATED 
INVESTMENT COMPANIES--Table of Contents
 
                 Subpart C_Procedure and Administration
 
Sec. 55.6161-1  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 44 and shown or required to be shown on any return, 
may be granted by the district directors at the request of the taxpayer. 
The period of such extension shall not be in excess of 6 months from the 
date fixed 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 44 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 extension of time for paying income 
tax to apply. The provisions of Sec. 1.6161-1 (b), and (c), and (d) of 
this chapter (relating to a requirement for undue hardship, the 
application for extension, and payment pursuant to an extension) shall 
apply to extensions of time for payment of the tax imposed by Chapter 
44.