[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR26.68a]

[Page 699]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 26_LIQUORS AND ARTICLES FROM PUERTO RICO AND THE VIRGIN ISLANDS
--Table of Contents
 
       Subpart E_Taxpayment of Liquors and Articles in Puerto Rico
 
Sec. 26.68a  Bond account.

    Every person who files a bond under this subpart shall keep an 
account of the charges against and credits to the bond if the penal sum 
of his bond is less than the maximum prescribed in Sec. Sec. 26.66(a), 
26.67, or Sec. 26.68, or if the penal sum allocated to his premises 
under Sec. 26.66(b) is less than the prescribed maximum. He shall 
charge the bond with the amount of liability he accepts at the time he 
executes ATF Form 5110.51 or 2900, and shall credit the bond with the 
amount of the tax paid at the time he files each return, ATF Form 
5110.32, 2927, or 2929, and remittance. The account shall also show the 
balance available under the bond at any one time.

[T.D. ATF-62, 44 FR 71710, Dec. 11, 1979. Redesignated and amended by 
T.D. ATF-459, 66 FR 38550, 38551, July 25, 2001]