§ 125 — Extensions of time

§ 125. Extensions of time. (a) General.--The director of finance may\ngrant a reasonable extension of time for payment of tax or estimated tax\n(or any installment), or for filing any return, declaration, statement,\nor other document required pursuant to this title, on such terms and\nconditions as it may require. Except for a taxpayer who is outside the\nUnited States, no such extension for filing any return, declaration,\nstatement or other document, shall exceed six months.\n (b) Furnishing of security.--If any extension of time is granted for\npayment of any amount of tax, the director of finance may require the\ntaxpayer to furnish a bond or other security in an amount not exceeding\ntwice the amount for which the extension of time for payment is granted,\non such terms and conditions as the director of finance may require.\n