Treasury Regulations (26 C.F.R.)
26 CFR § 157.6161-1
Extension of time for paying tax.
# (a)
In general—(1) Tax shown or required to be shown on return. The Internal Revenue Service may, at the request of the taxpayer, grant a reasonable extension of time for payment of the amount of any tax imposed by chapter 55 (Structured Settlement Factoring Transactions) of the Internal Revenue Code and shown or required to be shown on any return. The period of such extension shall not exceed 6 months from the date fixed for payment of such tax, except that in the case of a taxpayer that is abroad, such extension may exceed 6 months.
(2) Extension of time for filing distinguished. The granting of an extension of time for filing a return does not 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 § 1.6161-1(b), (c), and (d) of this chapter (relating to a requirement for undue hardship, to the application for extension, and to payment pursuant to an extension) shall apply to extensions of time for payment of the tax imposed by chapter 55 of the Code.
Source: view the official text
In this part (21 sections)
- 157.5891-1 · Imposition of excise tax on structured settlement…
- 157.6001-1 · Records, statements, and special returns.
- 157.6011-1 · General requirement of return, statement, or list.
- 157.6060-1 · Reporting requirements for tax return preparers.
- 157.6061-1 · Signing of returns and other documents.
- 157.6065-1 · Verification of returns.
- 157.6071-1 · Time for filing returns.
- 157.6081-1 · Automatic extension of time for filing a return due under…
- 157.6091-1 · Place for filing returns.
- 157.6107-1 · Tax return preparer must furnish copy of return or claim…
- 157.6109-1 · Tax return preparers furnishing identifying numbers for…
- 157.6151-1 · Time and place for paying of tax shown on returns.
- 157.6161-1 · Extension of time for paying tax.
- 157.6165-1 · Bonds where time to pay tax has been extended.
- 157.6694-1 · Section 6694 penalties applicable to tax return preparer.
- 157.6694-2 · Penalties for understatement due to an unreasonable…
- 157.6694-3 · Penalty for understatement due to willful, reckless, or…
- 157.6694-4 · Extension of period of collection when preparer pays 15…
- 157.6695-1 · Other assessable penalties with respect to the preparation…
- 157.6696-1 · Claims for credit or refund by tax return preparers.
- 157.7701-1 · Tax return preparer.