Page:United States Statutes at Large Volume 53 Part 1.djvu/148

 CODIFICATION OF INTERNAL REVENUE LAWS tax, at the rate of 6 per centum per annum from the due date of the tax to the date the deficiency is assessed, or, in the case of a waiver under section 871 (d), to the thirtieth day after the filing of such waiver or to the date the deficiency is assessed whichever is the earlier. SEC. 892. INTEREST ON JEOPARDY ASSESSMENTS. In the case of the amount collected under section 872 (i) there shall be collected at the same time as such amount, and as a part of the tax, interest at the rate of 6 per centum per annum upon such amount from the date of the jeopardy notice and demand to the date of notice and demand under section 872 (i), or, in the case of the amount collected in excess of the amount of the jeopardy assessment, interest as provided in section 891. SEC. 893. ADDITIONS TO THE TAX IN CASE OF NONPAYMENT. (a) TAX SHOWN ON RETJERN. - (1) PAYMENT NOT EXTENDED. -Where the amount determined by the executor as the tax imposed by this subchapter, or any part of such amount, is not paid on the due date of the tax, there shall be collected as a part of the tax, interest upon such unpaid amount at the rate of 6 per centum per annum from the due date until it is paid. (2) PAYMENT EXTENDED.-W here an extension of time for pay- ment of the amount so determined as the tax by the executor has been granted, and the amount the time for payment of which has been extended, and the interest thereon determined under section 890 (a), is not paid in full prior to the expiration of the period of the extension, then, in lieu of the interest provided for in para- graph (1) of this subsection, interest at the rate of 6 per centum per annum shall be collected on such unpaid amount from the date of the expiration of the period of the extension until it is paid. (b) DEFICIENCY.- (1) PAYMENT NOT EXTENDED.-Where a deficiency, or any inter- est assessed in connection therewith under section 891, or any addi- tion to the tax provided for in section 3612 (d), is not paid in full within 30 days from the date of notice and demand from the col- lector, there shall be collected as part of the tax, interest upon the unpaid amount at the rate of 6 per centum per annum from the date of such notice and demand until it is paid. (2) FILING OF JEOPARDY BOND. - If a bond is filed, as provided in section 872, the provisions of paragraph (1) of this subsection shall not apply to the amount covered by the bond. (3) PAYMENT EXTENDED. -If the part of the deficiency the time for payment of which is extended as provided in section 871 (h) is not paid in accordance with the terms of the extension, there shall be collected, as a part of the tax, interest on such unpaid amount at the rate of 6 per centum per annum for the period from the time fixed by the terms of the extension for its payment until it is paid, and no other interest shall be collected on such unpaid amount for such period. (4) JEOPARDY ASSESSMENT-PAYMENT STAYED BY BOND.-If the amount included in the notice and demand from the collector under section 872 (i) is not paid in full within 30 days after such notice and demand, then there shall be collected, as part of the tax, inter- est upon the unpaid amount at the rate of 6 per centum per annum from the date of such notice and demand until it is paid. SEC. 894. PENALTIES. (a) AD VALOEM.- FALMURE TO FILEsruA-N .-For addition to the tax for failure to file return, see section 3612 (d) (1). FALSE OB FRAUDULENT RETUBN.-For 50 per centum addition to the tax in case of a false or fraudulent return, see section 3612 (d) (2). 136

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