# Prop. Treas. Reg. § 301.6656-1: Abatement of penalty.

Proposed regulation, not in force. REG-153340-09, 75 FR 51707, published 2010-08-23 <https://www.federalregister.gov/documents/2010/08/23/2010-20737/electronic-funds-transfer-of-depository-taxes>. Interprets 26 U.S.C. § 6656.

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.