§6316 — Payment by foreign currency
1 cases·1 cited
Statute Text — 26 U.S.C. §6316
The Secretary is authorized in his discretion to allow payment of taxes in the currency of a foreign country under such circumstances and subject to such conditions as the Secretary may by regulations prescribe.
Treasury Regulations
- Treas. Reg. §Treas. Reg. §301.6316-1 Payment of income tax in foreign currency
- Treas. Reg. §Treas. Reg. §301.6316-1(a) §301.6316-1(a)
- Treas. Reg. §Treas. Reg. §301.6316-1(b) §301.6316-1(b)
- Treas. Reg. §Treas. Reg. §301.6316-2 Definitions
- Treas. Reg. §Treas. Reg. §301.6316-2(a) The term tax, as used in §§ 301.
- Treas. Reg. §Treas. Reg. §301.6316-2(b) The term nonconvertible foreign currency means currency of the government of a foreign country which, owing to (1) monetary, exchange, or other restrictions imposed by the foreign country, (2) an agreement entered into with the United States of America, or (3) the terms and conditions of the U.
- Treas. Reg. §Treas. Reg. §301.6316-2(c) If the taxpayer computes taxable income under the accrual method, then the term received shall be construed to mean “accrued.
- Treas. Reg. §Treas. Reg. §301.6316-3 Allocation of tax attributable to foreign currency
- Treas. Reg. §Treas. Reg. §301.6316-3(a) Adjusted gross income ratio.
- Treas. Reg. §Treas. Reg. §301.6316-3(b) Example.
- Treas. Reg. §Treas. Reg. §301.6316-4 Return requirements
- Treas. Reg. §Treas. Reg. §301.6316-4(a) Place for filing.
- Treas. Reg. §Treas. Reg. §301.6316-4(b) Statements required.
- Treas. Reg. §Treas. Reg. §301.6316-5 Manner of paying tax by foreign currency
- Treas. Reg. §Treas. Reg. §301.6316-5(a) Time and place to pay.
- Treas. Reg. §Treas. Reg. §301.6316-5(b) Certified statement.
- Treas. Reg. §Treas. Reg. §301.6316-5(c) Determination of the tax.
- Treas. Reg. §Treas. Reg. §301.6316-5(d) Deposit of foreign currency with disbursing officer.
- Treas. Reg. §Treas. Reg. §301.6316-6 Declarations of estimated tax
- Treas. Reg. §Treas. Reg. §301.6316-6(a) Filing of declaration.
- Treas. Reg. §Treas. Reg. §301.6316-6(b) Determination of estimated tax—(1) Allocation of tax attributable to foreign currency.
- Treas. Reg. §Treas. Reg. §301.6316-6(c) Payment of estimated tax.
- Treas. Reg. §Treas. Reg. §301.6316-6(d) Credit on return for the taxable year.
- Treas. Reg. §Treas. Reg. §301.6316-6(v) The portion of the estimated tax which is payable in U.
- Treas. Reg. §Treas. Reg. §301.6316-7 Payment of Federal Insurance Contributions Act taxes in foreign currency