Par. 21. Section 301.6656-1 is amended by: 1. Revising paragraph (b). 2. Revising paragraph (c). The revisions read as follows:
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(b) Deposit sent to Secretary. The Secretary may abate the penalty imposed by section 6656(a) if the first time a depositor is required to make a deposit, the amount required to be deposited is inadvertently sent to the Secretary rather than deposited by electronic funds transfer.
(c) Effective/applicability date. This section applies to deposits made after the date that final regulations are published in the Federal Register , but no earlier than January 1, 2011.