Internal Revenue Service
Revenue Ruling

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 Rev. Rul. 60-22

1960-1 C.B. 628

Section 7122 -- Compromises

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Rev. Rul. 60-22

Since there are no authorized depositaries in foreign countries for the depositing of Federal Insurance Contributions Act taxes and income tax withheld on wages as required by section 31.6302(c)-1 of the Employment Tax Regulations, American employers whose payrolls are handled in foreign countries and who, by virtue of section 31.6302(c)-1, supra , are required to make such deposits, should forward their deposits by mail (preferably air mail) to a Federal Reserve Bank or authorized commercial bank in the United States. Under such circumstances, the Internal Revenue Service will consider the deposits as timely made if the deposits for each of the first two months of the calendar quarter are forwarded by mail to an authorized depositary on or before the fifteenth day after the close of each month. If one or more of the depositary receipts accompanying such timely deposits are date-stamped by the depositary after the fifteenth day of the respective month or months, the employer should, when filing the Employer's Quarterly Federal Tax Return, Form 941, attach a statement showing the date the deposits were mailed to the depositary.