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Section 7508(a)(1)(C) and (K) lists “Filing a petition with
the Tax Court for redetermination of a deficiency” and “Any other
act required or permitted under the internal revenue laws
specified in regulations prescribed under this section by the
Secretary”, respectively, as acts with regard to which the
Secretary may postpone the time for performance.6 Regarding acts
contemplated by section 7508(a)(1)(K), section 301.7508-1(a),
Proced. & Admin. Regs., provides that the period of time that may
be disregarded applies to acts specified in a revenue ruling,
revenue procedure, notice, or other guidance published in the
Internal Revenue Bulletin.
Section 301.7508A-1(c)(1), Proced. & Admin. Regs., lists the
acts performed by “affected taxpayers” the time for the
performance of which may be postponed. Included within this list
of acts are “Filing a petition with the Tax Court” and “Any other
act specified in a revenue ruling, revenue procedure, notice,
announcement, news release, or other guidance published in the
Internal Revenue Bulletin”. Sec. 301.7508A-1(c)(1)(iv), (vii),
Proced. & Admin. Regs.
5(...continued)
occurring on or after Jan. 23, 2002. Id. sec. 112(f), 115 Stat.
2435.
6 Section 7508(a)(1)(K) was amended by the Victims of
Terrorism Tax Relief Act of 2001, Pub. L. 107-134, sec. 112(b),
115 Stat. 2427, 2434, by striking the phrase “in regulations
prescribed under this section”. The amendment applies as
described supra note 5.
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Last modified: May 25, 2011