collected on such unpaid amount collected on such unpaid amount Taxable Years Beginning before 1939 Sec. 294. (b) Deficiency.-Where Sec. 294. (b) Deficiency.-Where a deficiency, or any interest or ad- a deficiency, or any interest or additional amounts assessed in con- ditional amounts assessed in connection therewith under section 292, nection therewith under section 292, or under section 293, or any addi- or under section 293, or any addition to the tax in case of delin- tion to the tax in case of delinquency provided for in section 291, quency provided for in section 291, is not paid in full within ten days is not paid in full within ten days Sec. 294. (b) Deficiency. See p. 380, Eighth Edition. Taxable Years from the date of notice and demand from the collector, 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. If any part of a deficiency prorated to any unpaid installment under section 272 (i) is not paid in full on or before the date prescribed for the payment of such installment, there shall be collected as part of the tax interest upon the unpaid amount at the rate of 6 per centum per annum from such date until it is paid. from the date of notice and demand from the date of notice and demand Sec. 294. (c) Filing of jeopardy Sec. 294. (c) Filing of jeopardy | Sec. 294. (c) Filing of jeopardy bond. If a bond is filed, as pro- bond.-If a bond is filed, as pro- bond. If a bond is filed, as provided in section 273, the provisions vided in section 273, the provisions vided in section 273, the provisions of subsection (b) of this section of subsection (b) of this section of subsection (b) of this section shall not apply to the amount cov- shall not apply to the amount cov-shall not apply to the amount covered by the bond. ered by the bond. ered by the bond. Sec. 295. Time extended for Sec. 295. Time extended for Sec. 295. Time extended for payment of tax shown on return. payment of tax shown on return. payment of tax shown on return. If the time for payment of the If the time for payment of the If the time for payment of the amount determined as the tax by amount determined as the tax by amount determined as the tax by the taxpayer, or any installment the taxpayer, or any installment the taxpayer, or any installment thereof, is extended under the au- thereof, is extended under the au- thereof, is extended under the authority of section 56 (c), there thority of section 56 (c), there thority of section 56 (e), there shall be collected as a part of such shall be collected as a part of such shall be collected as a part of such amount, interest thereon at the rate amount, interest thereon at the rate amount, interest thereon at the rate of 6 per centum per annum from the date when such payment should have been made if no extension had been granted, until the expiration of the period of the extension. Sec. 296. Time extended for payment of deficiency. of 6 per centum per annum from Sec. 296. Time extended for pay- of 6 per centum per annum from the date when such payment should have been made if no extension had been granted, until the expiration of the period of the extension. Sec. 296. Time extended for payment of deficiency. If the time for the payment of any part of a deficiency is extended, there shall be collected, as a part of the tax, interest on the part of the deficiency the time for payment of which is so extended, at the rate of 6 per centum per annum for the period of the extension, and no other interest shall be collected on such part of the deficiency for such period. If the part of the deficiency the time for payment of which is so extended is not paid in accordance with the terms of the extension, there shall be collected, If the time for the payment of If the time for the payment of any part of a deficiency is extended, any part of a deficiency is extended, there shall be collected, as a part there shall be collected, as a part of the tax, interest on the part of of the tax, interest on the part of the deficiency the time for payment the deficiency the time for payment of which is so extended, at the rate of which is so extended, at the rate of 6 per centum per annum for the of 6 per centum per annum for the period of the extension, and no period of the extension, and no other interest shall be collected on other interest shall be collected on such part of the deficiency for such such part of the deficiency for such period. If the part of the defi- period. If the part of the deficiency the time for payment of ciency the time for payment of which is so extended is not paid in which is so extended is not paid in accordance with the terms of the accordance with the terms of the extension, there shall be collected, extension, there shall be collected, as a part of the tax, interest on as a part of the tax, interest on as a part of the tax, interest on such unpaid amount at the rate of such unpaid amount at the rate of such unpaid amount at the rate of 6 per centum per annum for the 6 per centum per annum for the 6 per centum per annum for the period from the time fixed by the period from the time fixed by the terms of the extension for its pay- 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. ment until it is paid, and no other 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. Taxable Years from the date of notice and demand from the collector, 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. If any part of a deficiency prorated to any unpaid installment under section 272 (i) is not paid in full on or before the date prescribed for the payment of such installment, there shall be collected as part of the tax interest upon the unpaid amount at the rate of 6 per centum per annum from such date until it is paid. Taxable Years from the date of notice and demand Taxable Years Sec. 294. (c) Filing of jeopardy Sec. 294. (c) Filing of jeopardy Sec. 294. (c) Filing of jeopardy bond. If a bond is filed, as pro- bond.-If a bond is filed, as pro- bond. vided in section 273, the provisions vided in section 273, the provisions of subsection (b) of this section of subsection (b) of this section shall not apply to the amount cov-shall not apply to the amount covered by the bond. ered by the bond. Sec. 295. Time extended for Sec. 295. Time extended for paypayment of tax shown on return. ment of tax shown on return. If the time for payment of the If the time for payment of the amount determined as the tax by amount determined as the tax by the taxpayer, or any installment the taxpayer, or any installment thereof, is extended under the au- thereof, is extended under the authority of section 56 (c), there thority of section 56 (c), there shall be collected as a part of such shall be collected as a part of such amount, interest thereon at the rate amount, interest thereon at the rate of 6 per centum per annum from of 6 per centum per annum from the date when such payment should have been made if no extension had been granted, until the expiration of the period of the extension. Sec. 296. Time extended for payment of deficiency. the date when such payment should Sec. 296. Time extended for payment of deficiency. If the time for the payment of If the time for the payment of any part of a deficiency is extended, any part of a deficiency is extended, there shall be collected, as a part there shall be collected, as a part of the tax, interest on the part of of the tax, interest on the part of the deficiency the time for payment the deficiency the time for payment of which is so extended, at the rate of which is so extended, at the rate of 6 per centum per annum for the of 6 per centum per annum for the period of the extension, and no period of the extension, and no other interest shall be collected on other interest shall be collected on such part of the deficiency for such such part of the deficiency for such period. If the part of the defi- period. If the part of the deficiency the time for payment of ciency the time for payment of which is so extended is not paid in which is so extended is not paid in accordance with the terms of the accordance with the terms of the extension, there shall be collected, extension, there shall be collected, as a part of the tax, interest on as a part of the tax, interest on such unpaid amount at the rate of such unpaid amount at the rate of 6 per centum per annum for the 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. unpaid amount for such period. period from the time fixed by the See p. 382, Eighth Edition. Sec. 295. Time extended for payment of tax shown on return. See p. 382, Eighth Edition. Sec. 296.. Time extended for payment of deficiency. See p. 382, Eighth Edition. Taxable Years Sec. 297. Interest in case of jeopardy assessments. In the case of the amount collected under section 273 (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 273 (i), or, in the case of the amount collected in excess of the amount of the jeopardy assessment, interest as provided in section 292. If the amount included in the notice and demand from the collector under section 273 (i) is not paid in full within ten days after such notice and demand, then 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. Sec. 298. Bankruptcy and receiverships. Taxable Years Sec. 297. Interest in case of jeopardy assessments. In the case of the amount collected under section 273 (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 273 (i), or, in the case of the amount collected in excess of the amount of the jeopardy assessment, interest as provided in section 292. If the amount included in the notice and demand from the collector under section 273 (i) is not paid in full within ten days after such notice and demand, then 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. Sec. 298. Bankruptcy and receiverships. Taxable Years Sec. 297. Interest in case of jeopardy assessments. In the case of the amount collected under section 273 (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 273 (i), or, in the case of the amount collected in excess of the amount of the jeopardy assessment, interest as provided in section 292. If the amount included in the notice and demand from the collector under section 273 (i) is not paid in full within ten days after such notice and demand, then 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. Sec. 298. Bankruptcy and receiverships. If the unpaid portion of the claim If the unpaid portion of the claim If the unpaid portion of the claim allowed in a bankruptcy or receiver- allowed in a bankruptcy or receiver- allowed in a bankruptcy or receivership proceeding, as provided in ship proceeding, as provided in ship proceeding, as provided in section 274, is not paid in full section 274, is not paid in full section 274, is not paid in full within ten days from the date of within ten days from the date of within ten days from the date of notice and demand from the col-notice and demand from the col-notice and demand from the collector, then there shall be collected lector, then there shall be collected as a part of such amount interest upon the unpaid portion thereof at the rate of 6 per centum per annum from the date of such notice and demand until payment. as a part of such amount interest Sec. 299. Removal of property For additions to tax in case of leaving the United States or concealing property in such manner as to hinder collection of the tax, see section 146. Transferees and Fiduciaries Supplement N-Claims Against Supplement N-Claims lector, then there shall be collected as a part of such amount interest upon the unpaid portion thereof at the rate of 6 per centum per annum from the date of such notice and demand until payment. Sec. 299. Removal of property or departure from United States. For additions to tax in case of leaving the United States or concealing property in such manner as to hinder collection of the tax, see section 146. Supplement N-Claims Against Transferees and Fiduciaries Sec. 311. Transferred assets. Sec. 311. (a) Method of collection. The amounts of the following liabilities shall, except as hereinafter in this section provided, be assessed, collected, and paid in the same manner and subject to the same provisions and limitations as in the case of a deficiency in a tax imposed by this chapter (including the provisions in case of delinquency in payment after notice and Taxable Years Sec. 297. Interest in case of jeopardy assessments. Taxable Years Sec. 297. Interest in case of jeopardy assessments. In the case of the amount col- In the case of the amount collected under section 273 (i) there lected under section 273 (i) there shall be collected at the same time shall be collected at the same time as such amount, and as a part of as such amount, and as a part of the tax, interest at the rate of 6 the tax, interest at the rate of 6 per centum per annum upon such per centum per annum upon such amount from the date of the jeop-amount from the date of the jeopardy notice and demand to the date of notice and demand under section 273 (i), or, in the case of the amount collected in excess of the amount of the jeopardy assessment, interest as provided in section 292. If the amount included in the notice and demand from the collector under section 273 (i) is not paid in full within ten days after such notice and demand, then 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. Sec. 298. Bankruptcy and receiverships. ardy notice and demand to the date Sec. 298. Bankruptcy and re- If the unpaid portion of the If the unpaid portion of the claim allowed in a bankruptcy or claim allowed in a bankruptcy or receivership proceeding, as pro- receivership proceeding, as provided in section 274, is not paid in vided in section 274, is not paid in full within ten days from the date full within ten days from the date of notice and demand from the of notice and demand from the collector, then there shall be col- collector, then there shall be collected as a part of such amount lected as a part of such amount interest upon the unpaid portion interest upon the unpaid portion thereof at the rate of 6 per centum thereof at the rate of 6 per centum per annum from the date of such notice and demand until payment. per annum from the date of such Sec. 299. Removal of property Taxable Years Sec. 297. Interest in case of jeopardy assessments. See p. 384, Eighth Edition. Sec. 298. Bankruptcy and receiverships. See p. 384, Eighth Edition. Sec. 299. Removal of property or departure from United States. or departure from United States. For Supplement N-Claims Against Supplement N-Claims Against |