EMPLOYMENT TAX

T.D. 9405, page 293. Final regulations under sections 6205 and 6413 of the Code amend the process for making interest-free adjustments of underpayments and overpayments of employment taxes. The regulations also clarify the process for filing claims for refund of overpayments of employment taxes under sections 6402 and 6414. The regulations will continue to permit taxpayers to file a claim for refund in lieu of making an interest-free adjustment for an overpayment of employment taxes. The regu

lations also amend the regulations under section 6011 to reflect the changes to the adjustment and refund processes and amend the regulations under section 6302 to clarify deposit obligations with respect to interest-free adjustments.