§ 7101. Form of bonds

Whenever, pursuant to the provisions of this title (other than section 7485), or rules or regulations prescribed under authority of this title, a person is required to furnish a bond or security—

• (1) Such bond or security shall be in such form and with such surety or sureties as may be prescribed by regulations issued by the Secretary.
• (2) The person required to furnish such bond or security may, in lieu thereof, deposit bonds or notes of the United States as provided in section 9303 of title 31 , United States Code.

§ 7102. Single bond in lieu of multiple bonds

In any case in which two or more bonds are required or authorized, the Secretary may provide for the acceptance of a single bond complying with the requirements for which the several bonds are required or authorized.

§ 7103. Cross references—Other provisions for bonds

• (a)
  • (1) For bond where time to pay tax or deficiency has been extended, see section 6165.
  • (2) For bond to stay collection of a jeopardy assessment, see section 6863.
  • (3) For bond to stay assessment and collection prior to review of a Tax Court decision, see section 7485.
  • (4) For a bond to stay collection of a penalty assessed under section 6672, see section 6672(b).
  • (5) For bond in case of an election to postpone payment of estate tax where the value of a reversionary or remainder interest is included in the gross estate, see section 6165.
• (b)
  • (1) For the release of the lien provided for in section 6325 by furnishing the Secretary a bond, see section 6325(a)(2).
  • (2) For bond to obtain release of perishable goods which have been seized under forfeiture proceeding, see section 7324(3).
  • (3) For bond to release perishable goods under levy, see section 6336.
  • (4) For bond executed by claimant of seized goods valued at $100,000 or less, see section 7325(3).
• (c)
  • (1) For bond as a condition precedent to the allowance of the credit for accrued foreign taxes, see section 905(c).
  • (2) For bonds relating to alcohol and tobacco taxes, see generally subtitle E.