Code of Federal Regulations (alpha)

CFR /  Title 31  /  Part 203  /  Sec. 203.9 Scope of the subpart.

This subpart prescribes the rules that financial institutions must follow when they process electronic Federal tax payment transactions. A financial institution is not required to be designated as a TT&L; depositary in order to process electronic Federal tax payments. In addition, a financial institution does not become a TT&L; depositary by processing electronic Federal tax payments under this subpart and may not represent itself as a TT&L; depositary because it does so.