Form 1117 - Income Tax Surety Bond

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DEPARTMENT OF THE TREASURY - INTERNAL REVENUE SERVICE
1117
INCOME TAX SURETY BOND
Form
(Rev. 1-1981)
For Foreign Taxes Reported as Credit by an Individual or a Domestic
Corporation Under Section 901 of the Internal Revenue Code
FOR CALENDAR YEAR
OR FISCAL YEAR (Specify month and year beginning and ending)
This bond is given by
of
as principal, and
, as surety or sureties. As principal and surety, we are obligated to the United States of America in
the amount of
dollars ($
). We also jointly and severally obligate our
heirs, executors, administrators, successors, and assigns for the payment of this amount.
This bond is given because -
• the principal filed Form 1116 or 1118 for the tax year above, to support credits for income, war profits, or excess profits taxes
accrued but not paid to foreign countries or to possessions of the United States;
• the District Director may require the principal to give a bond in an amount specified, with satisfactory sureties, before allowing
these credits;
• Internal Revenue Code section 905(c) provides that if the amount of tax reported as credits differs from the amount ultimately paid
(or if any tax paid is refunded), the principal is required to notify the District Director who will redetermine the tax for the years
affected; and
• on notice and demand by the District Director, the principal is required to pay any tax due as a result of the redetermination. This
bond is conditioned on the principal's payment of that tax, and on any further conditions the District Director may require.
When the principal pays any additional tax due as a result of the redetermination, plus any interest as provided by law, and otherwise
follows the provisions of the Internal, Revenue Code and its regulations, this obligation will be null and void. Otherwise, the obligation
remains in effect.
Principal
WITNESS our signatures this
day of
20
Principal
Signed in the presence of -
Surety
Surety
Surety
Bond approved this
District Director
day of
20
1117
Form
(Rev. 1-1981)
Cat. No. 17210M

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