§ 46.263 - Conditions for approval.

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The alternate method or procedure may be approved if it meets all of the following conditions:

There is good cause for its use;

It is consistent with the purpose and effect intended by the prescribed method or procedure;

It affords equivalent security to the revenue;

It is not contrary to any provision of law;

It will not result in an increase in cost to the Government;

It will not hinder the effective administration of this subpart such as delaying timely payment of taxes; and

It is not a method or procedure that relates to the payment or collection of tax.