46.263—Conditions for approval.
The alternate method or procedure may be approved if it meets all of the following conditions:
(a)
There is good cause for its use;
(b)
It is consistent with the purpose and effect intended by the prescribed method or procedure;
(c)
It affords equivalent security to the revenue;
(d)
It is not contrary to any provision of law;
(e)
It will not result in an increase in cost to the Government;
(f)
It will not hinder the effective administration of this subpart such as delaying timely payment of taxes; and
(g)
It is not a method or procedure that relates to the payment or collection of tax.