Internal Revenue Code (26 USC)

• 26 USC TITLE 26 - INTERNAL REVENUE CODE
  • Subtitle A - Income Taxes
    • CHAPTER 1 - NORMAL TAXES AND SURTAXES
      • SUBCHAPTER A - DETERMINATION OF TAX LIABILITY
        • PART I - TAX ON INDIVIDUALS
          • • Sec. 1. Tax imposed
            • Sec. 2. Definitions and special rules
            • Sec. 3. Tax tables for individuals
            • [Sec. 4. Repealed. Pub. L. 94-455, title V, Sec. 501(b)(1), Oct. 4, 1976, 90 Stat. 1558]
            • Sec. 5. Cross references relating to tax on individuals
        • PART II - TAX ON CORPORATIONS
          • • Sec. 11. Tax imposed
            • Sec. 12. Cross references relating to tax on corporations
        • PART III - CHANGES IN RATES DURING A TAXABLE YEAR
          • • Sec. 15. Effect of changes
        • PART IV - CREDITS AGAINST TAX
          • SUBPART A - NONREFUNDABLE PERSONAL CREDITS
            • Sec. 21. Expenses for household and dependent care services necessary for gainful employment
            • Sec. 22. Credit for the elderly and the permanently and totally disabled
            • Sec. 23. Adoption expenses
            • Sec. 24. Child tax credit
            • Sec. 25. Interest on certain home mortgages
            • Sec. 25A. Hope and Lifetime Learning credits
            • Sec. 25B. Elective deferrals and IRA contributions by certain individuals
            • Sec. 26. Limitation based on tax liability; definition of tax liability
          • SUBPART B - OTHER CREDITS
            • Sec. 27. Taxes of foreign countries and possessions of the United States; possession tax credit
            • [Sec. 28. Renumbered Sec. 45C]
            • Sec. 29. Credit for producing fuel from a nonconventional source
            • Sec. 30. Credit for qualified electric vehicles
            • Sec. 30A. Puerto Rico economic activity credit
          • SUBPART C - REFUNDABLE CREDITS
            • Sec. 31. Tax withheld on wages
            • Sec. 32. Earned income
            • Sec. 33. Tax withheld at source on nonresident aliens and foreign corporations
            • Sec. 34. Certain uses of gasoline and special fuels
            • Sec. 35. Health insurance costs of eligible individuals
            • Sec. 36. Overpayments of tax
          • SUBPART D - BUSINESS RELATED CREDITS
            • Sec. 38. General business credit
            • Sec. 39. Carryback and carryforward of unused credits
            • Sec. 40. Alcohol used as fuel
            • Sec. 41. Credit for increasing research activities
            • Sec. 42. Low-income housing credit
            • Sec. 43. Enhanced oil recovery credit
            • Sec. 44. Expenditures to provide access to disabled individuals
            • [Sec. 44A. Renumbered Sec. 21]
            • [Sec. 44B. Repealed. Pub. L. 98-369, div. A, title IV, Sec. 474(m)(1), July 18, 1984, 98 Stat. 833]
            • [Sec. 44C. Renumbered Sec. 23]
            • [Sec. 44D. Renumbered Sec. 29]
            • [Sec. 44E. Renumbered Sec. 40]
            • [Sec. 44F. Renumbered Sec. 30]
            • [Sec. 44G. Renumbered Sec. 41]
            • [Sec. 44H. Renumbered Sec. 45C]
            • Sec. 45. Electricity produced from certain renewable resources
            • Sec. 45A. Indian employment credit
            • Sec. 45B. Credit for portion of employer social security taxes paid with respect to employee cash tips
            • Sec. 45C. Clinical testing expenses for certain drugs for rare diseases or conditions
            • Sec. 45D. New markets tax credit
            • Sec. 45E. Small employer pension plan startup costs
            • Sec. 45F. Employer-provided child care credit
          • SUBPART E - RULES FOR COMPUTING INVESTMENT CREDIT
            • Sec. 46. Amount of credit
            • Sec. 47. Rehabilitation credit
            • Sec. 48. Energy credit; reforestation credit
            • Sec. 49. At-risk rules
            • Sec. 50. Other special rules
            • [Secs. 50A, 50B. Repealed. Pub. L. 98-369, div. A, title IV, Sec. 474(m)(2), July 18, 1984, 98 Stat. 833]
          • SUBPART F - RULES FOR COMPUTING WORK OPPORTUNITY CREDIT
            • Sec. 51. Amount of credit
            • Sec. 51A. Temporary incentives for employing long-term family assistance recipients
            • Sec. 52. Special rules
          • SUBPART G - CREDIT AGAINST REGULAR TAX FOR PRIOR YEAR MINIMUM TAX LIABILITY
            • Sec. 53. Credit for prior year minimum tax liability
        • [PART V - REPEALED]
        • PART VI - ALTERNATIVE MINIMUM TAX
          • • Sec. 55. Alternative minimum tax imposed
            • Sec. 56. Adjustments in computing alternative minimum taxable income
            • Sec. 57. Items of tax preference
            • Sec. 58. Denial of certain losses
            • Sec. 59. Other definitions and special rules
        • PART VII - ENVIRONMENTAL TAX
          • • Sec. 59A. Environmental tax
        • [PART VIII - REPEALED]
          • • [Sec. 59B. Repealed. Pub. L. 101-234, title I, Sec. 102(a), Dec. 13, 1989, 103 Stat. 1980]
      • SUBCHAPTER B - COMPUTATION OF TAXABLE INCOME
        • PART I - DEFINITION OF GROSS INCOME, ADJUSTED GROSS INCOME, TAXABLE INCOME, ETC.
          • • Sec. 61. Gross income defined
            • Sec. 62. Adjusted gross income defined
            • Sec. 63. Taxable income defined
            • Sec. 64. Ordinary income defined
            • Sec. 65. Ordinary loss defined
            • Sec. 66. Treatment of community income
            • Sec. 67. 2-percent floor on miscellaneous itemized deductions
            • Sec. 68. Overall limitation on itemized deductions
        • PART II - ITEMS SPECIFICALLY INCLUDED IN GROSS INCOME
          • • Sec. 71. Alimony and separate maintenance payments
            • Sec. 72. Annuities; certain proceeds of endowment and life insurance contracts
            • Sec. 73. Services of child
            • Sec. 74. Prizes and awards
            • Sec. 75. Dealers in tax-exempt securities
            • [Sec. 76. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(14), Oct. 4, 1976, 90 Stat. 1765]
            • Sec. 77. Commodity credit loans
            • Sec. 78. Dividends received from certain foreign corporations by domestic corporations choosing foreign tax credit
            • Sec. 79. Group-term life insurance purchased for employees
            • Sec. 80. Restoration of value of certain securities
            • [Sec. 81. Repealed. Pub. L. 100-203, title X, Sec. 10201(b)(1), Dec. 22, 1987, 101 Stat. 1330-387]
            • Sec. 82. Reimbursement for expenses of moving
            • Sec. 83. Property transferred in connection with performance of services
            • Sec. 84. Transfer of appreciated property to political organization
            • Sec. 85. Unemployment compensation
            • Sec. 86. Social security and tier 1 railroad retirement benefits
            • Sec. 87. Alcohol fuel credit
            • Sec. 88. Certain amounts with respect to nuclear decommissioning costs
            • [Sec. 89. Repealed. Pub. L. 101-140, title II, Sec. 202(a), Nov. 8, 1989, 103 Stat. 830]
            • Sec. 90. Illegal Federal irrigation subsidies
        • PART III - ITEMS SPECIFICALLY EXCLUDED FROM GROSS INCOME
          • • Sec. 101. Certain death benefits
            • Sec. 102. Gifts and inheritances
            • Sec. 103. Interest on State and local bonds
            • [Sec. 103A. Repealed. Pub. L. 99-514, title XIII, Sec. 1301(j)(1), Oct. 22, 1986, 100 Stat. 2657]
            • Sec. 104. Compensation for injuries or sickness
            • Sec. 105. Amounts received under accident and health plans
            • Sec. 106. Contributions by employer to accident and health plans
            • Sec. 107. Rental value of parsonages
            • Sec. 108. Income from discharge of indebtedness
            • Sec. 109. Improvements by lessee on lessor's property
            • Sec. 110. Qualified lessee construction allowances for short-term leases
            • Sec. 111. Recovery of tax benefit items
            • Sec. 112. Certain combat zone compensation of members of the Armed Forces
            • [Sec. 113. Repealed. Pub. L. 101-508, title XI, Sec. 11801(a)(7), Nov. 5, 1990, 104 Stat. 1388-520]
            • Sec. 114. Extraterritorial income
            • Sec. 115. Income of States, municipalities, etc.
            • [Sec. 116. Repealed. Pub. L. 99-514, title VI, Sec. 612(a), Oct. 22, 1986, 100 Stat. 2250]
            • Sec. 117. Qualified scholarships
            • Sec. 118. Contributions to the capital of a corporation
            • Sec. 119. Meals or lodging furnished for the convenience of the employer
            • Sec. 120. Amounts received under qualified group legal services plans
            • Sec. 121. Exclusion of gain from sale of principal residence
            • Sec. 122. Certain reduced uniformed services retirement pay
            • Sec. 123. Amounts received under insurance contracts for certain living expenses
            • [Sec. 124. Repealed. Pub. L. 101-508, title XI, Sec. 11801(a)(9), Nov. 5, 1990, 104 Stat. 1388-520]
            • Sec. 125. Cafeteria plans
            • Sec. 126. Certain cost-sharing payments
            • Sec. 127. Educational assistance programs
            • [Sec. 128. Repealed. Pub. L. 101-508, title XI, Sec. 11801(a)(10), Nov. 5, 1990, 104 Stat. 1388-520]
            • Sec. 129. Dependent care assistance programs
            • Sec. 130. Certain personal injury liability assignments
            • Sec. 131. Certain foster care payments
            • Sec. 132. Certain fringe benefits
            • [Sec. 133. Repealed. Pub. L. 104-188, title I, Sec. 1602(a), Aug. 20, 1996, 110 Stat. 1833]
            • Sec. 134. Certain military benefits
            • Sec. 135. Income from United States savings bonds used to pay higher education tuition and fees
            • Sec. 136. Energy conservation subsidies provided by public utilities
            • Sec. 137. Adoption assistance programs
            • Sec. 138. Medicare+Choice MSA
            • Sec. 139. Disaster relief payments
            • Sec. 139A. Federal subsidies for prescription drug plans
            • Sec. 140. Cross references to other Acts
        • PART IV - TAX EXEMPTION REQUIREMENTS FOR STATE AND LOCAL BONDS
          • SUBPART A - PRIVATE ACTIVITY BONDS
            • Sec. 141. Private activity bond; qualified bond
            • Sec. 142. Exempt facility bond
            • Sec. 143. Mortgage revenue bonds: qualified mortgage bond and qualified veterans' mortgage bond
            • Sec. 144. Qualified small issue bond; qualified student loan bond; qualified redevelopment bond
            • Sec. 145. Qualified 501(c)(3) bond
            • Sec. 146. Volume cap
            • Sec. 147. Other requirements applicable to certain private activity bonds
          • SUBPART B - REQUIREMENTS APPLICABLE TO ALL STATE AND LOCAL BONDS
            • Sec. 148. Arbitrage
            • Sec. 149. Bonds must be registered to be tax exempt; other requirements
          • SUBPART C - DEFINITIONS AND SPECIAL RULES
            • Sec. 150. Definitions and special rules
        • PART V - DEDUCTIONS FOR PERSONAL EXEMPTIONS
          • • Sec. 151. Allowance of deductions for personal exemptions
            • Sec. 152. Dependent defined
            • Sec. 153. Cross references
        • PART VI - ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS
          • • Sec. 161. Allowance of deductions
            • Sec. 162. Trade or business expenses
            • Sec. 163. Interest
            • Sec. 164. Taxes
            • Sec. 165. Losses
            • Sec. 166. Bad debts
            • Sec. 167. Depreciation
            • Sec. 168. Accelerated cost recovery system
            • Sec. 169. Amortization of pollution control facilities
            • Sec. 170. Charitable, etc., contributions and gifts
            • Sec. 171. Amortizable bond premium
            • Sec. 172. Net operating loss deduction
            • Sec. 173. Circulation expenditures
            • Sec. 174. Research and experimental expenditures
            • Sec. 175. Soil and water conservation expenditures
            • Sec. 176. Payments with respect to employees of certain foreign corporations
            • [Sec. 177. Repealed. Pub. L. 99-514, title II, Sec. 241(a), Oct. 22, 1986, 100 Stat. 2181]
            • Sec. 178. Amortization of cost of acquiring a lease
            • Sec. 179. Election to expense certain depreciable business assets
            • Sec. 179A. Deduction for clean-fuel vehicles and certain refueling property
            • Sec. 180. Expenditures by farmers for fertilizer, etc.
            • [Sec. 181. Repealed. Pub. L. 88-272, title II, Sec. 203(a)(3) (B), Feb. 26, 1964, 78 Stat. 34]
            • [Sec. 182. Repealed. Pub. L. 99-514, title IV, Sec. 402(a), Oct. 22, 1986, 100 Stat. 2221]
            • Sec. 183. Activities not engaged in for profit
            • [Sec. 184. Repealed. Pub. L. 101-508, title XI, Sec. 11801(a)(12), Nov. 5, 1990, 104 Stat. 1388-520]
            • [Sec. 185. Repealed. Pub. L. 99-514, title II, Sec. 242(a), Oct. 22, 1986, 100 Stat. 2181]
            • Sec. 186. Recoveries of damages for antitrust violations, etc.
            • [Sec. 187. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(31), Oct. 4, 1976, 90 Stat. 1769]
            • [Sec. 188. Repealed. Pub. L. 101-508, title XI, Sec. 11801(a)(13), Nov. 5, 1990, 104 Stat. 1388-520]
            • [Sec. 189. Repealed. Pub. L. 99-514, title VIII, Sec. 803(b)(1), Oct. 22, 1986, 100 Stat. 2355]
            • Sec. 190. Expenditures to remove architectural and transportation barriers to the handicapped and elderly
            • [Sec. 191. Repealed. Pub. L. 97-34, title II, Sec. 212(d)(1), Aug. 13, 1981, 95 Stat. 239]
            • Sec. 192. Contributions to black lung benefit trust
            • Sec. 193. Tertiary injectants
            • Sec. 194. Amortization of reforestation expenditures
            • Sec. 194A. Contributions to employer liability trusts
            • Sec. 195. Start-up expenditures
            • Sec. 196. Deduction for certain unused business credits
            • Sec. 197. Amortization of goodwill and certain other intangibles
            • Sec. 198. Expensing of environmental remediation costs
        • PART VII - ADDITIONAL ITEMIZED DEDUCTIONS FOR INDIVIDUALS
          • • Sec. 211. Allowance of deductions
            • Sec. 212. Expenses for production of income
            • Sec. 213. Medical, dental, etc., expenses
            • [Sec. 214. Repealed. Pub. L. 94-455, title V, Sec. 504(b)(1), Oct. 4, 1976, 90 Stat. 1565]
            • Sec. 215. Alimony, etc., payments
            • Sec. 216. Deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder
            • Sec. 217. Moving expenses
            • [Sec. 218. Repealed. Pub. L. 95-600, title I, Sec. 113(a)(1), Nov. 6, 1978, 92 Stat. 2778]
            • Sec. 219. Retirement savings
            • Sec. 220. Archer MSAs
            • Sec. 221. Interest on education loans
            • Sec. 222. Qualified tuition and related expenses
            • Sec. 223. Health savings accounts
            • Sec. 224. Cross reference
        • PART VIII - SPECIAL DEDUCTIONS FOR CORPORATIONS
          • • Sec. 241. Allowance of special deductions
            • [Sec. 242. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(33), Oct. 4, 1976, 90 Stat. 1769]
            • Sec. 243. Dividends received by corporations
            • Sec. 244. Dividends received on certain preferred stock
            • Sec. 245. Dividends received from certain foreign corporations
            • Sec. 246. Rules applying to deductions for dividends received
            • Sec. 246A. Dividends received deduction reduced where portfolio stock is debt financed
            • Sec. 247. Dividends paid on certain preferred stock of public utilities
            • Sec. 248. Organizational expenditures
            • Sec. 249. Limitation on deduction of bond premium on repurchase
            • [Sec. 250. Repealed. Pub. L. 101-508, title XI, Sec. 11801(a)(15), Nov. 5, 1990, 104 Stat. 1388-520]
        • PART IX - ITEMS NOT DEDUCTIBLE
          • • Sec. 261. General rule for disallowance of deductions
            • Sec. 262. Personal, living, and family expenses
            • Sec. 263. Capital expenditures
            • Sec. 263A. Capitalization and inclusion in inventory costs of certain expenses
            • Sec. 264. Certain amounts paid in connection with insurance contracts
            • Sec. 265. Expenses and interest relating to tax-exempt income
            • Sec. 266. Carrying charges
            • Sec. 267. Losses, expenses, and interest with respect to transactions between related taxpayers
            • Sec. 268. Sale of land with unharvested crop
            • Sec. 269. Acquisitions made to evade or avoid income tax
            • Sec. 269A. Personal service corporations formed or availed of to avoid or evade income tax
            • Sec. 269B. Stapled entities
            • [Sec. 270. Repealed. Pub. L. 91-172, title II, Sec. 213(b), Dec. 30, 1969, 83 Stat. 572]
            • Sec. 271. Debts owed by political parties, etc.
            • Sec. 272. Disposal of coal or domestic iron ore
            • Sec. 273. Holders of life or terminable interest
            • Sec. 274. Disallowance of certain entertainment, etc., expenses
            • Sec. 275. Certain taxes
            • Sec. 276. Certain indirect contributions to political parties
            • Sec. 277. Deductions incurred by certain membership organizations in transactions with members
            • [Sec. 278. Repealed. Pub. L. 99-514, title VIII, Sec. 803(b)(6), Oct. 22, 1986, 100 Stat. 2356]
            • Sec. 279. Interest on indebtedness incurred by corporation to acquire stock or assets of another corporation
            • [Sec. 280. Repealed. Pub. L. 99-514, title VIII, Sec. 803(b)(2)(A), Oct. 22, 1986, 100 Stat. 2355]
            • Sec. 280A. Disallowance of certain expenses in connection with business use of home, rental of vacation homes, etc.
            • Sec. 280B. Demolition of structures
            • Sec. 280C. Certain expenses for which credits are allowable
            • [Sec. 280D. Repealed. Pub. L. 100-418, title I, Sec. 1941(b)(4)(A), Aug. 23, 1988, 102 Stat. 1324]
            • Sec. 280E. Expenditures in connection with the illegal sale of drugs
            • Sec. 280F. Limitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes
            • Sec. 280G. Golden parachute payments
            • Sec. 280H. Limitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years
        • PART X - TERMINAL RAILROAD CORPORATIONS AND THEIR SHAREHOLDERS
          • • Sec. 281. Terminal railroad corporations and their shareholders
        • PART XI - SPECIAL RULES RELATING TO CORPORATE PREFERENCE ITEMS
          • • Sec. 291. Special rules relating to corporate preference items
      • SUBCHAPTER C - CORPORATE DISTRIBUTIONS AND ADJUSTMENTS
        • PART I - DISTRIBUTIONS BY CORPORATIONS
          • SUBPART A - EFFECTS ON RECIPIENTS
            • Sec. 301. Distributions of property
            • Sec. 302. Distributions in redemption of stock
            • Sec. 303. Distributions in redemption of stock to pay death taxes
            • Sec. 304. Redemption through use of related corporations
            • Sec. 305. Distributions of stock and stock rights
            • Sec. 306. Dispositions of certain stock
            • Sec. 307. Basis of stock and stock rights acquired in distributions
          • SUBPART B - EFFECTS ON CORPORATION
            • Sec. 311. Taxability of corporation on distribution
            • Sec. 312. Effect on earnings and profits
          • SUBPART C - DEFINITIONS; CONSTRUCTIVE OWNERSHIP OF STOCK
            • Sec. 316. Dividend defined
            • Sec. 317. Other definitions
            • Sec. 318. Constructive ownership of stock
        • PART II - CORPORATE LIQUIDATIONS
          • SUBPART A - EFFECTS ON RECIPIENTS
            • Sec. 331. Gain or loss to shareholders in corporate liquidations
            • Sec. 332. Complete liquidations of subsidiaries
            • [Sec. 333. Repealed. Pub. L. 99-514, title VI, Sec. 631(e)(3), Oct. 22, 1986, 100 Stat. 2273]
            • Sec. 334. Basis of property received in liquidations
          • SUBPART B - EFFECTS ON CORPORATION
            • Sec. 336. Gain or loss recognized on property distributed in complete liquidation
            • Sec. 337. Nonrecognition for property distributed to parent in complete liquidation of subsidiary
            • Sec. 338. Certain stock purchases treated as asset acquisitions
          • [SUBPART C - REPEALED]
            • [Sec. 341. Repealed. Pub. L. 108-27, title III, Sec. 302(e)(4)(A), May 28, 2003, 117 Stat. 763]
            • [Sec. 342. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(47), Oct. 4, 1976, 90 Stat. 1772]
          • SUBPART D - DEFINITION AND SPECIAL RULE
            • Sec. 346. Definition and special rule
        • PART III - CORPORATE ORGANIZATIONS AND REORGANIZATIONS
          • SUBPART A - CORPORATE ORGANIZATIONS
            • Sec. 351. Transfer to corporation controlled by transferor
          • SUBPART B - EFFECTS ON SHAREHOLDERS AND SECURITY HOLDERS
            • Sec. 354. Exchanges of stock and securities in certain reorganizations
            • Sec. 355. Distribution of stock and securities of a controlled corporation
            • Sec. 356. Receipt of additional consideration
            • Sec. 357. Assumption of liability
            • Sec. 358. Basis to distributees
          • SUBPART C - EFFECTS ON CORPORATION
            • Sec. 361. Nonrecognition of gain or loss to corporations; treatment of distributions
            • Sec. 362. Basis to corporations
            • [Sec. 363. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(49), Oct. 4, 1976, 90 Stat. 1773]
          • SUBPART D - SPECIAL RULE; DEFINITIONS
            • Sec. 367. Foreign corporations
            • Sec. 368. Definitions relating to corporate reorganizations
        • [PART IV - REPEALED]
          • • [Secs. 370 to 372. Repealed. Pub. L. 101-508, title XI, Sec. 11801(a)(19), Nov. 5, 1990, 104 Stat. 1388-521]
            • [Sec. 373. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(52), Oct. 4, 1976, 90 Stat. 1773]
            • [Sec. 374. Repealed. Pub. L. 101-508, title XI, Sec. 11801(a)(19), Nov. 5, 1990, 104 Stat. 1388-521]
        • PART V - CARRYOVERS
          • • Sec. 381. Carryovers in certain corporate acquisitions
            • Sec. 382. Limitation on net operating loss carryforwards and certain built-in losses following ownership change
            • Sec. 383. Special limitations on certain excess credits, etc.
            • Sec. 384. Limitation on use of preacquisition losses to offset built-in gains
        • PART VI - TREATMENT OF CERTAIN CORPORATE INTERESTS AS STOCK OR INDEBTEDNESS
          • • Sec. 385. Treatment of certain interests in corporations as stock or indebtedness
        • [PART VII - REPEALED]
          • • [Sec. 386. Repealed. Pub. L. 100-647, title I, Sec. 1006(e)(8)(A), Nov. 10, 1988, 102 Stat. 3401]
            • [Secs. 391 to 395. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(55), Oct. 4, 1976, 90 Stat. 1773]
      • SUBCHAPTER D - DEFERRED COMPENSATION, ETC.
        • PART I - PENSION, PROFIT-SHARING, STOCK BONUS PLANS, ETC.
          • SUBPART A - GENERAL RULE
            • Sec. 401. Qualified pension, profit-sharing, and stock bonus plans
            • Sec. 402. Taxability of beneficiary of employees' trust
            • Sec. 402A. Optional treatment of elective deferrals as Roth contributions
            • Sec. 403. Taxation of employee annuities
            • Sec. 404. Deduction for contributions of an employer to an employees' trust or annuity plan and compensation under a deferred-payment plan
            • Sec. 404A. Deduction for certain foreign deferred compensation plans
            • [Sec. 405. Repealed. Pub. L. 98-369, div. A, title IV, Sec. 491(a), July 18, 1984, 98 Stat. 848]
            • Sec. 406. Employees of foreign affiliates covered by section 3121(l) agreements
            • Sec. 407. Certain employees of domestic subsidiaries engaged in business outside the United States
            • Sec. 408. Individual retirement accounts
            • Sec. 408A. Roth IRAs
            • Sec. 409. Qualifications for tax credit employee stock ownership plans
            • [Sec. 409A. Renumbered Sec. 409]
          • SUBPART B - SPECIAL RULES
            • Sec. 410. Minimum participation standards
            • Sec. 411. Minimum vesting standards
            • Sec. 412. Minimum funding standards
            • Sec. 413. Collectively bargained plans, etc.
            • Sec. 414. Definitions and special rules
            • Sec. 415. Limitations on benefits and contribution under qualified plans
            • Sec. 416. Special rules for top-heavy plans
            • Sec. 417. Definitions and special rules for purposes of minimum survivor annuity requirements
          • SUBPART C - SPECIAL RULES FOR MULTIEMPLOYER PLANS
            • Sec. 418. Reorganization status
            • Sec. 418A. Notice of reorganization and funding requirements
            • Sec. 418B. Minimum contribution requirement
            • Sec. 418C. Overburden credit against minimum contribution requirement
            • Sec. 418D. Adjustments in accrued benefits
            • Sec. 418E. Insolvent plans
          • SUBPART D - TREATMENT OF WELFARE BENEFIT FUNDS
            • Sec. 419. Treatment of funded welfare benefit plans
            • Sec. 419A. Qualified asset account; limitation on additions to account
          • SUBPART E - TREATMENT OF TRANSFERS TO RETIREE HEALTH ACCOUNTS
            • Sec. 420. Transfers of excess pension assets to retiree health accounts
        • PART II - CERTAIN STOCK OPTIONS
          • • Sec. 421. General rules
            • Sec. 422. Incentive stock options
            • [Sec. 422A. Renumbered Sec. 422]
            • Sec. 423. Employee stock purchase plans
            • Sec. 424. Definitions and special rules
            • [Sec. 425. Renumbered Sec. 424]
      • SUBCHAPTER E - ACCOUNTING PERIODS AND METHODS OF ACCOUNTING
        • PART I - ACCOUNTING PERIODS
          • • Sec. 441. Period for computation of taxable income
            • Sec. 442. Change of annual accounting period
            • Sec. 443. Returns for a period of less than 12 months
            • Sec. 444. Election of taxable year other than required taxable year
        • PART II - METHODS OF ACCOUNTING
          • SUBPART A - METHODS OF ACCOUNTING IN GENERAL
            • Sec. 446. General rule for methods of accounting
            • Sec. 447. Method of accounting for corporations engaged in farming
            • Sec. 448. Limitation on use of cash method of accounting
          • SUBPART B - TAXABLE YEAR FOR WHICH ITEMS OF GROSS INCOME INCLUDED
            • Sec. 451. General rule for taxable year of inclusion
            • [Sec. 452. Repealed. June 15, 1955, ch. 143, Sec. 1(a), 69 Stat. 134]
            • Sec. 453. Installment method
            • Sec. 453A. Special rules for nondealers
            • Sec. 453B. Gain or loss disposition of installment obligations
            • [Sec. 453C. Repealed. Pub. L. 100-203, title X, Sec. 10202(a)(1), Dec. 22, 1987, 101 Stat. 1330-388]
            • Sec. 454. Obligations issued at discount
            • Sec. 455. Prepaid subscription income
            • Sec. 456. Prepaid dues income of certain membership organizations
            • Sec. 457. Deferred compensation plans of State and local governments and tax-exempt organizations
            • Sec. 458. Magazines, paperbacks, and records returned after the close of the taxable year
            • Sec. 460. Special rules for long-term contracts
          • SUBPART C - TAXABLE YEAR FOR WHICH DEDUCTIONS TAKEN
            • Sec. 461. General rule for taxable year of deduction
            • [Sec. 462. Repealed. June 15, 1955, ch. 143, Sec. 1(b), 69 Stat. 134]
            • [Sec. 463. Repealed. Pub. L. 100-203, title X, Sec. 10201(a), Dec. 22, 1987, 101 Stat. 1330-387]
            • Sec. 464. Limitations on deductions for certain farming
            • Sec. 465. Deductions limited to amount at risk
            • [Sec. 466. Repealed. Pub. L. 99-514, title VIII, Sec. 823(a), Oct. 22, 1986, 100 Stat. 2373]
            • Sec. 467. Certain payments for the use of property or services
            • Sec. 468. Special rules for mining and solid waste reclamation and closing costs
            • Sec. 468A. Special rules for nuclear decommissioning costs
            • Sec. 468B. Special rules for designated settlement funds
            • Sec. 469. Passive activity losses and credits limited
          • SUBPART D - INVENTORIES
            • Sec. 471. General rule for inventories
            • Sec. 472. Last-in, first-out inventories
            • Sec. 473. Qualified liquidations of LIFO inventories
            • Sec. 474. Simplified dollar-value LIFO method for certain small businesses
            • Sec. 475. Mark to market accounting method for dealers in securities
        • PART III - ADJUSTMENTS
          • • Sec. 481. Adjustments required by changes in method of accounting
            • Sec. 482. Allocation of income and deductions among taxpayers
            • Sec. 483. Interest on certain deferred payments
      • SUBCHAPTER F - EXEMPT ORGANIZATIONS
        • PART I - GENERAL RULE
          • • Sec. 501. Exemption from tax on corporations, certain trusts, etc.
            • Sec. 502. Feeder organizations
            • Sec. 503. Requirements for exemption
            • Sec. 504. Status after organization ceases to qualify for exemption under section 501(c)(3) because of substantial lobbying or because of political activities
            • Sec. 505. Additional requirements for organizations described in paragraph (9), (17), or (20) of section 501(c)
        • PART II - PRIVATE FOUNDATIONS
          • • Sec. 507. Termination of private foundation status
            • Sec. 508. Special rules with respect to section 501(c)(3) organizations
            • Sec. 509. Private foundation defined
        • PART III - TAXATION OF BUSINESS INCOME OF CERTAIN EXEMPT ORGANIZATIONS
          • • Sec. 511. Imposition of tax on unrelated business income of charitable, etc., organizations
            • Sec. 512. Unrelated business taxable income
            • Sec. 513. Unrelated trade or business
            • Sec. 514. Unrelated debt-financed income
            • Sec. 515. Taxes of foreign countries and possessions of the United States
        • PART IV - FARMERS' COOPERATIVES
          • • Sec. 521. Exemption of farmers' cooperatives from tax
            • [Sec. 522. Repealed. Pub. L. 87-834, Sec. 17(b)(2), Oct. 16, 1962, 76 Stat. 1051]
        • PART V - SHIPOWNERS' PROTECTION AND INDEMNITY ASSOCIATIONS
          • • Sec. 526. Shipowners' protection and indemnity associations
        • PART VI - POLITICAL ORGANIZATIONS
          • • Sec. 527. Political organizations
        • PART VII - CERTAIN HOMEOWNERS ASSOCIATIONS
          • • Sec. 528. Certain homeowners associations
        • PART VIII - HIGHER EDUCATION SAVINGS ENTITIES
          • • Sec. 529. Qualified tuition programs
            • Sec. 530. Coverdell education savings accounts
      • SUBCHAPTER G - CORPORATIONS USED TO AVOID INCOME TAX ON SHAREHOLDERS
        • PART I - CORPORATIONS IMPROPERLY ACCUMULATING SURPLUS
          • • Sec. 531. Imposition of accumulated earnings tax
            • Sec. 532. Corporations subject to accumulated earnings tax
            • Sec. 533. Evidence of purpose to avoid income tax
            • Sec. 534. Burden of proof
            • Sec. 535. Accumulated taxable income
            • Sec. 536. Income not placed on annual basis
            • Sec. 537. Reasonable needs of the business
        • PART II - PERSONAL HOLDING COMPANIES
          • • Sec. 541. Imposition of personal holding company tax
            • Sec. 542. Definition of personal holding company
            • Sec. 543. Personal holding company income
            • Sec. 544. Rules for determining stock ownership
            • Sec. 545. Undistributed personal holding company income
            • Sec. 546. Income not placed on annual basis
            • Sec. 547. Deduction for deficiency dividends
        • PART III - FOREIGN PERSONAL HOLDING COMPANIES
          • • Sec. 551. Foreign personal holding company income taxed to United States shareholders
            • Sec. 552. Definition of foreign personal holding company
            • Sec. 553. Foreign personal holding company income
            • Sec. 554. Stock ownership
            • Sec. 555. Gross income of foreign personal holding companies
            • Sec. 556. Undistributed foreign personal holding company income
            • Sec. 557. Income not placed on annual basis
            • Sec. 558. Returns of officers, directors, and shareholders of foreign personal holding companies
        • PART IV - DEDUCTION FOR DIVIDENDS PAID
          • • Sec. 561. Definition of deduction for dividends paid
            • Sec. 562. Rules applicable in determining dividends eligible for dividends paid deduction
            • Sec. 563. Rules relating to dividends paid after close of taxable year
            • Sec. 564. Dividend carryover
            • Sec. 565. Consent dividends
      • SUBCHAPTER H - BANKING INSTITUTIONS
        • PART I - RULES OF GENERAL APPLICATION TO BANKING INSTITUTIONS
          • • Sec. 581. Definition of bank
            • Sec. 582. Bad debts, losses, and gains with respect to securities held by financial institutions
            • [Sec. 583. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(82), Oct. 4, 1976, 90 Stat. 1778]
            • Sec. 584. Common trust funds
            • Sec. 585. Reserves for losses on loans of banks
            • [Sec. 586. Repealed. Pub. L. 99-514, title IX, Sec. 901(c), Oct. 22, 1986, 100 Stat. 2378]
        • PART II - MUTUAL SAVINGS BANKS, ETC.
          • • Sec. 591. Deduction for dividends paid on deposits
            • [Sec. 592. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(83), Oct. 4, 1976, 90 Stat. 1778]
            • Sec. 593. Reserves for losses on loans
            • Sec. 594. Alternative tax for mutual savings banks conducting life insurance business
            • [Secs. 595, 596. Repealed. Pub. L. 104-188, title I, Sec. 1616(b)(8), (9), Aug. 20, 1996, 110 Stat. 1857]
            • Sec. 597. Treatment of transactions in which Federal financial assistance provided
            • [Sec. 601. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(85), Oct. 4, 1976, 90 Stat. 1778]
      • SUBCHAPTER I - NATURAL RESOURCES
        • PART I - DEDUCTIONS
          • • Sec. 611. Allowance of deduction for depletion
            • Sec. 612. Basis for cost depletion
            • Sec. 613. Percentage depletion
            • Sec. 613A. Limitations on percentage depletion in case of oil and gas wells
            • Sec. 614. Definition of property
            • [Sec. 615. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(88), Oct. 4, 1976, 90 Stat. 1779]
            • Sec. 616. Development expenditures
            • Sec. 617. Deduction and recapture of certain mining exploration expenditures
        • [PART II - REPEALED]
          • • [Sec. 621. Repealed. Pub. L. 101-508, title XI, Sec. 11801(a)(28), Nov. 5, 1990, 104 Stat. 1388-521]
        • PART III - SALES AND EXCHANGES
          • • Sec. 631. Gain or loss in the case of timber, coal, or domestic iron ore
            • [Sec. 632. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(90), Oct. 4, 1976, 90 Stat. 1779]
        • PART IV - MINERAL PRODUCTION PAYMENTS
          • • Sec. 636. Income tax treatment of mineral production payments
        • PART V - CONTINENTAL SHELF AREAS
          • • Sec. 638. Continental shelf areas
      • SUBCHAPTER J - ESTATES, TRUSTS, BENEFICIARIES, AND DECEDENTS
        • PART I - ESTATES, TRUSTS, AND BENEFICIARIES
          • SUBPART A - GENERAL RULES FOR TAXATION OF ESTATES AND TRUSTS
            • Sec. 641. Imposition of tax
            • Sec. 642. Special rules for credits and deductions
            • Sec. 643. Definitions applicable to subparts A, B, C, and D
            • Sec. 644. Taxable year of trusts
            • Sec. 645. Certain revocable trusts treated as part of estate
            • Sec. 646. Tax treatment of electing Alaska Native Settlement Trusts
          • SUBPART B - TRUSTS WHICH DISTRIBUTE CURRENT INCOME ONLY
            • Sec. 651. Deduction for trusts distributing current income only
            • Sec. 652. Inclusion of amounts in gross income of beneficiaries of trusts distributing current income only
          • SUBPART C - ESTATES AND TRUSTS WHICH MAY ACCUMULATE INCOME OR WHICH DISTRIBUTE CORPUS
            • Sec. 661. Deduction for estates and trusts accumulating income or distributing corpus
            • Sec. 662. Inclusion of amounts in gross income of beneficiaries of estates and trusts accumulating income or distributing corpus
            • Sec. 663. Special rules applicable to sections 661 and 662
            • Sec. 664. Charitable remainder trusts
          • SUBPART D - TREATMENT OF EXCESS DISTRIBUTIONS BY TRUSTS
            • Sec. 665. Definitions applicable to subpart D
            • Sec. 666. Accumulation distribution allocated to preceding years
            • Sec. 667. Treatment of amounts deemed distributed by trust in preceding years
            • Sec. 668. Interest charge on accumulation distributions from foreign trusts
            • [Sec. 669. Repealed. Pub. L. 94-455, title VII, Sec. 701(d)(1), Oct. 4, 1976, 90 Stat. 1578]
          • SUBPART E - GRANTORS AND OTHERS TREATED AS SUBSTANTIAL OWNERS
            • Sec. 671. Trust income, deductions, and credits attributable to grantors and others as substantial owners
            • Sec. 672. Definitions and rules
            • Sec. 673. Reversionary interests
            • Sec. 674. Power to control beneficial enjoyment
            • Sec. 675. Administrative powers
            • Sec. 676. Power to revoke
            • Sec. 677. Income for benefit of grantor
            • Sec. 678. Person other than grantor treated as substantial owner
            • Sec. 679. Foreign trusts having one or more United States beneficiaries
          • SUBPART F - MISCELLANEOUS
            • Sec. 681. Limitation on charitable deduction
            • Sec. 682. Income of an estate or trust in case of divorce, etc.
            • Sec. 683. Use of trust as an exchange fund
            • Sec. 684. Recognition of gain on certain transfers to certain foreign trusts and estates
            • Sec. 685. Treatment of funeral trusts
        • PART II - INCOME IN RESPECT OF DECEDENTS
          • • Sec. 691. Recipients of income in respect of decedents
            • Sec. 692. Income taxes of members of Armed Forces, astronauts, and victims of certain terrorist attacks on death
      • SUBCHAPTER K - PARTNERS AND PARTNERSHIPS
        • PART I - DETERMINATION OF TAX LIABILITY
          • • Sec. 701. Partners, not partnership, subject to tax
            • Sec. 702. Income and credits of partner
            • Sec. 703. Partnership computations
            • Sec. 704. Partner's distributive share
            • Sec. 705. Determination of basis of partner's interest
            • Sec. 706. Taxable years of partner and partnership
            • Sec. 707. Transactions between partner and partnership
            • Sec. 708. Continuation of partnership
            • Sec. 709. Treatment of organization and syndication fees
        • PART II - CONTRIBUTIONS, DISTRIBUTIONS, AND TRANSFERS
          • SUBPART A - CONTRIBUTIONS TO A PARTNERSHIP
            • Sec. 721. Nonrecognition of gain or loss on contribution
            • Sec. 722. Basis of contributing partner's interest
            • Sec. 723. Basis of property contributed to partnership
            • Sec. 724. Character of gain or loss on contributed unrealized receivables, inventory items, and capital loss property
          • SUBPART B - DISTRIBUTIONS BY A PARTNERSHIP
            • Sec. 731. Extent of recognition of gain or loss on distribution
            • Sec. 732. Basis of distributed property other than money
            • Sec. 733. Basis of distributee partner's interest
            • Sec. 734. Optional adjustment to basis of undistributed partnership property
            • Sec. 735. Character of gain or loss on disposition of distributed property
            • Sec. 736. Payments to a retiring partner or a deceased partner's successor in interest
            • Sec. 737. Recognition of precontribution gain in case of certain distributions to contributing partner
          • SUBPART C - TRANSFERS OF INTERESTS IN A PARTNERSHIP
            • Sec. 741. Recognition and character of gain or loss on sale or exchange
            • Sec. 742. Basis of transferee partner's interest
            • Sec. 743. Optional adjustment to basis of partnership property
          • SUBPART D - PROVISIONS COMMON TO OTHER SUBPARTS
            • Sec. 751. Unrealized receivables and inventory items
            • Sec. 752. Treatment of certain liabilities
            • Sec. 753. Partner receiving income in respect of decedent
            • Sec. 754. Manner of electing optional adjustment to basis of partnership property
            • Sec. 755. Rules for allocation of basis
        • PART III - DEFINITIONS
          • • Sec. 761. Terms defined
        • PART IV - SPECIAL RULES FOR ELECTING LARGE PARTNERSHIPS
          • • Sec. 771. Application of subchapter to electing large partnerships
            • Sec. 772. Simplified flow-through
            • Sec. 773. Computations at partnership level
            • Sec. 774. Other modifications
            • Sec. 775. Electing large partnership defined
            • Sec. 776. Special rules for partnerships holding oil and gas properties
            • Sec. 777. Regulations
      • SUBCHAPTER L - INSURANCE COMPANIES
        • PART I - LIFE INSURANCE COMPANIES
          • SUBPART A - TAX IMPOSED
            • Sec. 801. Tax imposed
          • SUBPART B - LIFE INSURANCE GROSS INCOME
            • Sec. 803. Life insurance gross income
          • SUBPART C - LIFE INSURANCE DEDUCTIONS
            • Sec. 804. Life insurance deductions
            • Sec. 805. General deductions
            • Sec. 806. Small life insurance company deduction
            • Sec. 807. Rules for certain reserves
            • Sec. 808. Policyholder dividends deduction
            • Sec. 809. Reduction in certain deductions of mutual life insurance companies
            • Sec. 810. Operations loss deduction
          • SUBPART D - ACCOUNTING, ALLOCATION, AND FOREIGN PROVISIONS
            • Sec. 811. Accounting provisions
            • Sec. 812. Definition of company's share and policyholders' share
            • [Sec. 813. Repealed. Pub. L. 100-203, title X, Sec. 10242(c)(1), Dec. 22, 1987, 101 Stat. 1330-423]
            • Sec. 814. Contiguous country branches of domestic life insurance companies
            • Sec. 815. Distributions to shareholders from pre-1984 policyholders surplus account
          • SUBPART E - DEFINITIONS AND SPECIAL RULES
            • Sec. 816. Life insurance company defined
            • Sec. 817. Treatment of variable contracts
            • Sec. 817A. Special rules for modified guaranteed contracts
            • Sec. 818. Other definitions and special rules
        • PART II - OTHER INSURANCE COMPANIES
          • • Sec. 831. Tax on insurance companies other than life insurance companies
            • Sec. 832. Insurance company taxable income
            • Sec. 833. Treatment of Blue Cross and Blue Shield organizations, etc.
            • Sec. 834. Determination of taxable investment income
            • Sec. 835. Election by reciprocal
        • PART III - PROVISIONS OF GENERAL APPLICATION
          • • Sec. 841. Credit for foreign taxes
            • Sec. 842. Foreign companies carrying on insurance business
            • Sec. 843. Annual accounting period
            • Sec. 844. Special loss carryover rules
            • Sec. 845. Certain reinsurance agreements
            • Sec. 846. Discounted unpaid losses defined
            • Sec. 847. Special estimated tax payments
            • Sec. 848. Capitalization of certain policy acquisition expenses
      • SUBCHAPTER M - REGULATED INVESTMENT COMPANIES AND REAL ESTATE INVESTMENT TRUSTS
        • PART I - REGULATED INVESTMENT COMPANIES
          • • Sec. 851. Definition of regulated investment company
            • Sec. 852. Taxation of regulated investment companies and their shareholders
            • Sec. 853. Foreign tax credit allowed to shareholders
            • Sec. 854. Limitations applicable to dividends received from regulated investment company
            • Sec. 855. Dividends paid by regulated investment company after close of taxable year
        • PART II - REAL ESTATE INVESTMENT TRUSTS
          • • Sec. 856. Definition of real estate investment trust
            • Sec. 857. Taxation of real estate investment trusts and their beneficiaries
            • Sec. 858. Dividends paid by real estate investment trust after close of taxable year
            • Sec. 859. Adoption of annual accounting period
        • PART III - PROVISIONS WHICH APPLY TO BOTH REGULATED INVESTMENT COMPANIES AND REAL ESTATE INVESTMENT TRUSTS
          • • Sec. 860. Deduction for deficiency dividends
        • PART IV - REAL ESTATE MORTGAGE INVESTMENT CONDUITS
          • • Sec. 860A. Taxation of REMIC's
            • Sec. 860B. Taxation of holders of regular interests
            • Sec. 860C. Taxation of residual interests
            • Sec. 860D. REMIC defined
            • Sec. 860E. Treatment of income in excess of daily accruals on residual interests
            • Sec. 860F. Other rules
            • Sec. 860G. Other definitions and special rules
        • PART V - FINANCIAL ASSET SECURITIZATION INVESTMENT TRUSTS
          • • Sec. 860H. Taxation of a FASIT; other general rules
            • Sec. 860I. Gain recognition on contributions to a FASIT and in other cases
            • Sec. 860J. Non-FASIT losses not to offset certain FASIT inclusions
            • Sec. 860K. Treatment of transfers of high-yield interests to disqualified holders
            • Sec. 860L. Definitions and other special rules
      • SUBCHAPTER N - TAX BASED ON INCOME FROM SOURCES WITHIN OR WITHOUT THE UNITED STATES
        • PART I - SOURCE RULES AND OTHER GENERAL RULES RELATING TO FOREIGN INCOME
          • • Sec. 861. Income from sources within the United States
            • Sec. 862. Income from sources without the United States
            • Sec. 863. Special rules for determining source
            • Sec. 864. Definitions and special rules
            • Sec. 865. Source rules for personal property sales
        • PART II - NONRESIDENT ALIENS AND FOREIGN CORPORATIONS
          • SUBPART A - NONRESIDENT ALIEN INDIVIDUALS
            • Sec. 871. Tax on nonresident alien individuals
            • Sec. 872. Gross income
            • Sec. 873. Deductions
            • Sec. 874. Allowance of deductions and credits
            • Sec. 875. Partnerships; beneficiaries of estates and trusts
            • Sec. 876. Alien residents of Puerto Rico, Guam, American Samoa, or the Northern Mariana Islands
            • Sec. 877. Expatriation to avoid tax
            • Sec. 878. Foreign educational, charitable, and certain other exempt organizations
            • Sec. 879. Tax treatment of certain community income in the case of nonresident alien individuals
          • SUBPART B - FOREIGN CORPORATIONS
            • Sec. 881. Tax on income of foreign corporations not connected with United States business
            • Sec. 882. Tax on income of foreign corporations connected with United States business
            • Sec. 883. Exclusions from gross income
            • Sec. 884. Branch profits tax
            • Sec. 885. Cross references
          • SUBPART C - TAX ON GROSS TRANSPORTATION INCOME
            • Sec. 887. Imposition of tax on gross transportation income of nonresident aliens and foreign corporations
          • SUBPART D - MISCELLANEOUS PROVISIONS
            • Sec. 891. Doubling of rates of tax on citizens and corporations of certain foreign countries
            • Sec. 892. Income of foreign governments and of international organizations
            • Sec. 893. Compensation of employees of foreign governments or international organizations
            • Sec. 894. Income affected by treaty
            • Sec. 895. Income derived by a foreign central bank of issue from obligations of the United States or from bank deposits
            • Sec. 896. Adjustment of tax on nationals, residents, and corporations of certain foreign countries
            • Sec. 897. Disposition of investment in United States real property
            • Sec. 898. Taxable year of certain foreign corporations
        • PART III - INCOME FROM SOURCES WITHOUT THE UNITED STATES
          • SUBPART A - FOREIGN TAX CREDIT
            • Sec. 901. Taxes of foreign countries and of possessions of United States
            • Sec. 902. Deemed paid credit where domestic corporation owns 10 percent or more of voting stock of foreign corporation
            • Sec. 903. Credit for taxes in lieu of income, etc., taxes
            • Sec. 904. Limitation on credit
            • Sec. 905. Applicable rules
            • Sec. 906. Nonresident alien individuals and foreign corporations
            • Sec. 907. Special rules in case of foreign oil and gas income
            • Sec. 908. Reduction of credit for participation in or co-operation with an international boycott
          • SUBPART B - EARNED INCOME OF CITIZENS OR RESIDENTS OF UNITED STATES
            • Sec. 911. Citizens or residents of the United States living abroad
            • Sec. 912. Exemption for certain allowances
            • [Sec. 913. Repealed. Pub. L. 97-34, title I, Sec. 112(a), Aug. 13, 1981, 95 Stat. 194]
          • [SUBPART C - REPEALED]
            • [Secs. 921 to 927. Repealed. Pub. L. 106-519, Sec. 2, Nov. 15, 2000, 114 Stat. 2423]
          • SUBPART D - POSSESSIONS OF THE UNITED STATES
            • Sec. 931. Income from sources within Guam, American Samoa, or the Northern Mariana Islands
            • Sec. 932. Coordination of United States and Virgin Islands income taxes
            • Sec. 933. Income from sources within Puerto Rico
            • Sec. 934. Limitation on reduction in income tax liability incurred to the Virgin Islands
            • [Sec. 934A. Repealed. Pub. L. 99-514, title XII, Sec. 1275(c)(3), Oct. 22, 1986, 100 Stat. 2599]
            • [Sec. 935. Repealed. Pub. L. 99-514, title XII, Sec. 1272(d)(2), Oct. 22, 1986, 100 Stat. 2594]
            • Sec. 936. Puerto Rico and possession tax credit
          • SUBPART E - QUALIFYING FOREIGN TRADE INCOME
            • Sec. 941. Qualifying foreign trade income
            • Sec. 942. Foreign trading gross receipts
            • Sec. 943. Other definitions and special rules
          • SUBPART F - CONTROLLED FOREIGN CORPORATIONS
            • Sec. 951. Amounts included in gross income of United States shareholders
            • Sec. 952. Subpart F income defined
            • Sec. 953. Insurance income
            • Sec. 954. Foreign base company income
            • Sec. 955. Withdrawal of previously excluded subpart F income from qualified investment
            • Sec. 956. Investment of earnings in United States property
            • [Sec. 956A. Repealed. Pub. L. 104-188, title I, Sec. 1501(a)(2), Aug. 20, 1996, 110 Stat. 1825]
            • Sec. 957. Controlled foreign corporations; United States persons
            • Sec. 958. Rules for determining stock ownership
            • Sec. 959. Exclusion from gross income of previously taxed earnings and profits
            • Sec. 960. Special rules for foreign tax credit
            • Sec. 961. Adjustments to basis of stock in controlled foreign corporations and of other property
            • Sec. 962. Election by individuals to be subject to tax at corporate rates
            • [Sec. 963. Repealed. Pub. L. 94-12, title VI, Sec. 602(a)(1), Mar. 29, 1975, 89 Stat. 58]
            • Sec. 964. Miscellaneous provisions
          • SUBPART G - EXPORT TRADE CORPORATIONS
            • Sec. 970. Reduction of subpart F income of export trade corporations
            • Sec. 971. Definitions
            • [Sec. 972. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(120), Oct. 4, 1976, 90 Stat. 1784]
          • [SUBPART H - REPEALED]
            • [Sec. 981. Repealed. Pub. L. 94-455, title X, Sec. 1012(b)(2), Oct. 4, 1976, 90 Stat. 1614]
          • SUBPART I - ADMISSIBILITY OF DOCUMENTATION MAINTAINED IN FOREIGN COUNTRIES
            • Sec. 982. Admissibility of documentation maintained in foreign countries
          • SUBPART J - FOREIGN CURRENCY TRANSACTIONS
            • Sec. 985. Functional currency
            • Sec. 986. Determination of foreign taxes and foreign corporation's earnings and profits
            • Sec. 987. Branch transactions
            • Sec. 988. Treatment of certain foreign currency transactions
            • Sec. 989. Other definitions and special rules
        • PART IV - DOMESTIC INTERNATIONAL SALES CORPORATIONS
          • SUBPART A - TREATMENT OF QUALIFYING CORPORATIONS
            • Sec. 991. Taxation of a domestic international sales corporation
            • Sec. 992. Requirements of a domestic international sales corporation
            • Sec. 993. Definitions
            • Sec. 994. Inter-company pricing rules
          • SUBPART B - TREATMENT OF DISTRIBUTIONS TO SHAREHOLDERS
            • Sec. 995. Taxation of DISC income to shareholders
            • Sec. 996. Rules for allocation in the case of distributions and losses
            • Sec. 997. Special subchapter C rules
        • PART V - INTERNATIONAL BOYCOTT DETERMINATIONS
          • • Sec. 999. Reports by taxpayers; determinations
            • [Sec. 1000. Reserved]
      • SUBCHAPTER O - GAIN OR LOSS ON DISPOSITION OF PROPERTY
        • PART I - DETERMINATION OF AMOUNT OF AND RECOGNITION OF GAIN OR LOSS
          • • Sec. 1001. Determination of amount of and recognition of gain or loss
            • [Sec. 1002. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(b)(28)(B)(i), Oct. 4, 1976, 90 Stat. 1799]
        • PART II - BASIS RULES OF GENERAL APPLICATION
          • • Sec. 1011. Adjusted basis for determining gain or loss
            • Sec. 1012. Basis of property - cost
            • Sec. 1013. Basis of property included in inventory
            • Sec. 1014. Basis of property acquired from a decedent
            • Sec. 1015. Basis of property acquired by gifts and transfers in trust
            • Sec. 1016. Adjustments to basis
            • Sec. 1017. Discharge of indebtedness
            • [Sec. 1018. Repealed. Pub. L. 96-589, Sec. 6(h)(1), Dec. 24, 1980, 94 Stat. 3410]
            • Sec. 1019. Property on which lessee has made improvements
            • [Sec. 1020. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(125), Oct. 4, 1976, 90 Stat. 1784]
            • Sec. 1021. Sale of annuities
            • Sec. 1022. Treatment of property acquired from a decedent dying after December 31, 2009
            • Sec. 1023. Cross references
            • [Sec. 1024. Renumbered Sec. 1023]
        • PART III - COMMON NONTAXABLE EXCHANGES
          • • Sec. 1031. Exchange of property held for productive use or investment
            • Sec. 1032. Exchange of stock for property
            • Sec. 1033. Involuntary conversions
            • [Sec. 1034. Repealed. Pub. L. 105-34, title III, Sec. 312(b), Aug. 5, 1997, 111 Stat. 839]
            • Sec. 1035. Certain exchanges of insurance policies
            • Sec. 1036. Stock for stock of same corporation
            • Sec. 1037. Certain exchanges of United States obligations
            • Sec. 1038. Certain reacquisitions of real property
            • [Sec. 1039. Repealed. Pub. L. 101-508, title XI, Sec. 11801(a)(33), Nov. 5, 1990, 104 Stat. 1388-521]
            • Sec. 1040. Transfer of certain farm, etc., real property
            • Sec. 1041. Transfers of property between spouses or incident to divorce
            • Sec. 1042. Sales of stock to employee stock ownership plans or certain cooperatives
            • Sec. 1043. Sale of property to comply with conflict-of-interest requirements
            • Sec. 1044. Rollover of publicly traded securities gain into specialized small business investment companies
            • Sec. 1045. Rollover of gain from qualified small business stock to another qualified small business stock
        • PART IV - SPECIAL RULES
          • • Sec. 1051. Property acquired during affiliation
            • Sec. 1052. Basis established by the Revenue Act of 1932 or 1934 or by the Internal Revenue Code of 1939
            • Sec. 1053. Property acquired before March 1, 1913
            • Sec. 1054. Certain stock of Federal National Mortgage Association
            • Sec. 1055. Redeemable ground rents
            • Sec. 1056. Basis limitation for player contracts transferred in connection with the sale of a franchise
            • [Sec. 1057. Repealed. Pub. L. 105-34, title XI, Sec. 1131(c)(2), Aug. 5, 1997, 111 Stat. 980]
            • Sec. 1058. Transfers of securities under certain agreements
            • Sec. 1059. Corporate shareholder's basis in stock reduced by nontaxed portion of extraordinary dividends
            • Sec. 1059A. Limitation on taxpayer's basis or inventory cost in property imported from related persons
            • Sec. 1060. Special allocation rules for certain asset acquisitions
            • Sec. 1061. Cross references
        • [PART V - REPEALED]
          • • [Sec. 1071. Repealed. Pub. L. 104-7, Sec. 2(a), Apr. 11, 1995, 109 Stat. 93]
        • PART VI - EXCHANGES IN OBEDIENCE TO S.E.C. ORDERS
          • • Sec. 1081. Nonrecognition of gain or loss on exchanges or distributions in obedience to orders of S.E.C.
            • Sec. 1082. Basis for determining gain or loss
            • Sec. 1083. Definitions
        • PART VII - WASH SALES; STRADDLES
          • • Sec. 1091. Loss from wash sales of stock or securities
            • Sec. 1092. Straddles
        • [PART VIII - REPEALED]
          • • [Secs. 1101 to 1103. Repealed. Pub. L. 101-508, title XI, Sec. 11801(a)(34), Nov. 5, 1990, 104 Stat. 1388-521]
        • [PART IX - REPEALED]
          • • [Sec. 1111. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(134), Oct. 4, 1976, 90 Stat. 1786]
      • SUBCHAPTER P - CAPITAL GAINS AND LOSSES
        • PART I - TREATMENT OF CAPITAL GAINS
          • • Sec. 1201. Alternative tax for corporations
            • Sec. 1202. Partial exclusion for gain from certain small business stock
        • PART II - TREATMENT OF CAPITAL LOSSES
          • • Sec. 1211. Limitation on capital losses
            • Sec. 1212. Capital loss carrybacks and carryovers
        • PART III - GENERAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES
          • • Sec. 1221. Capital asset defined
            • Sec. 1222. Other terms relating to capital gains and losses
            • Sec. 1223. Holding period of property
        • PART IV - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES
          • • Sec. 1231. Property used in the trade or business and involuntary conversions
            • [Secs. 1232 to 1232B. Repealed. Pub. L. 98-369, div. A, title I, Sec. 42(a)(1), July 18, 1984, 98 Stat. 556]
            • Sec. 1233. Gains and losses from short sales
            • Sec. 1234. Options to buy or sell
            • Sec. 1234A. Gains or losses from certain terminations
            • Sec. 1234B. Gains or losses from securities futures contracts
            • Sec. 1235. Sale or exchange of patents
            • Sec. 1236. Dealers in securities
            • Sec. 1237. Real property subdivided for sale
            • [Sec. 1238. Repealed. Pub. L. 101-508, title XI, Sec. 11801(a)(35), Nov. 5, 1990, 104 Stat. 1388-521]
            • Sec. 1239. Gain from sale of depreciable property between certain related taxpayers
            • [Sec. 1240. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(139), Oct. 4, 1976, 90 Stat. 1787]
            • Sec. 1241. Cancellation of lease or distributor's agreement
            • Sec. 1242. Losses on small business investment company stock
            • Sec. 1243. Loss of small business investment company
            • Sec. 1244. Losses on small business stock
            • Sec. 1245. Gain from dispositions of certain depreciable property
            • Sec. 1246. Gain on foreign investment company stock
            • Sec. 1247. Election by foreign investment companies to distribute income currently
            • Sec. 1248. Gain from certain sales or exchanges of stock in certain foreign corporations
            • Sec. 1249. Gain from certain sales or exchanges of patents, etc., to foreign corporations
            • Sec. 1250. Gain from dispositions of certain depreciable realty
            • [Sec. 1251. Repealed. Pub. L. 98-369, div. A, title IV, Sec. 492(a), July 18, 1984, 98 Stat. 853]
            • Sec. 1252. Gain from disposition of farm land
            • Sec. 1253. Transfers of franchises, trademarks, and trade names
            • Sec. 1254. Gain from disposition of interest in oil, gas, geothermal, or other mineral properties
            • Sec. 1255. Gain from disposition of section 126 property
            • Sec. 1256. Section 1256 contracts marked to market
            • Sec. 1257. Disposition of converted wetlands or highly erodible croplands
            • Sec. 1258. Recharacterization of gain from certain financial transactions
            • Sec. 1259. Constructive sales treatment for appreciated financial positions
            • Sec. 1260. Gains from constructive ownership transactions
        • PART V - SPECIAL RULES FOR BONDS AND OTHER DEBT INSTRUMENTS
          • SUBPART A - ORIGINAL ISSUE DISCOUNT
            • Sec. 1271. Treatment of amounts received on retirement or sale or exchange of debt instruments
            • Sec. 1272. Current inclusion in income of original issue discount
            • Sec. 1273. Determination of amount of original issue discount
            • Sec. 1274. Determination of issue price in the case of certain debt instruments issued for property
            • Sec. 1274A. Special rules for certain transactions where stated principal amount does not exceed $2,800,000
            • Sec. 1275. Other definitions and special rules
          • SUBPART B - MARKET DISCOUNT ON BONDS
            • Sec. 1276. Disposition gain representing accrued market discount treated as ordinary income
            • Sec. 1277. Deferral of interest deduction allocable to accrued market discount
            • Sec. 1278. Definitions and special rules
          • SUBPART C - DISCOUNT ON SHORT-TERM OBLIGATIONS
            • Sec. 1281. Current inclusion in income of discount on certain short-term obligations
            • Sec. 1282. Deferral of interest deduction allocable to accrued discount
            • Sec. 1283. Definitions and special rules
          • SUBPART D - MISCELLANEOUS PROVISIONS
            • Sec. 1286. Tax treatment of stripped bonds
            • Sec. 1287. Denial of capital gain treatment for gains on certain obligations not in registered form
            • Sec. 1288. Treatment of original issue discount on tax-exempt obligations
        • PART VI - TREATMENT OF CERTAIN PASSIVE FOREIGN INVESTMENT COMPANIES
          • SUBPART A - INTEREST ON TAX DEFERRAL
            • Sec. 1291. Interest on tax deferral
          • SUBPART B - TREATMENT OF QUALIFIED ELECTING FUNDS
            • Sec. 1293. Current taxation of income from qualified electing funds
            • Sec. 1294. Election to extend time for payment of tax on undistributed earnings
            • Sec. 1295. Qualified electing fund
          • SUBPART C - ELECTION OF MARK TO MARKET FOR MARKETABLE STOCK
            • Sec. 1296. Election of mark to market for marketable stock
          • SUBPART D - GENERAL PROVISIONS
            • Sec. 1297. Passive foreign investment company
            • Sec. 1298. Special rules
      • SUBCHAPTER Q - READJUSTMENT OF TAX BETWEEN YEARS AND SPECIAL LIMITATIONS
        • PART I - INCOME AVERAGING
          • • Sec. 1301. Averaging of farm income
        • PART II - MITIGATION OF EFFECT OF LIMITATIONS AND OTHER PROVISIONS
          • • Sec. 1311. Correction of error
            • Sec. 1312. Circumstances of adjustment
            • Sec. 1313. Definitions
            • Sec. 1314. Amount and method of adjustment
            • [Sec. 1315. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(143), Oct. 4, 1976, 90 Stat. 1788]
        • [PART III - REPEALED]
          • • [Sec. 1321. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(144), Oct. 4, 1976, 90 Stat. 1788]
        • [PART IV - REPEALED]
          • • [Secs. 1331 to 1337. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(145)(A), Oct. 4, 1976, 90 Stat. 1788]
        • PART V - CLAIM OF RIGHT
          • • Sec. 1341. Computation of tax where taxpayer restores substantial amount held under claim of right
            • [Sec. 1342. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(147), Oct. 4, 1976, 90 Stat. 1788]
        • [PART VI - REPEALED]
          • • [Sec. 1346. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(148), Oct. 4, 1976, 90 Stat. 1788]
            • [Sec. 1347. Repealed. Pub. L. 94-455, title XIX, Sec. 1951(b)(12)(A), Oct. 4, 1976, 90 Stat. 1840]
            • [Sec. 1348. Repealed. Pub. L. 97-34, title I, Sec. 101(c)(1), Aug. 13, 1981, 95 Stat. 183]
        • PART VII - RECOVERIES OF FOREIGN EXPROPRIATION LOSSES
          • • Sec. 1351. Treatment of recoveries of foreign expropriation losses
      • [SUBCHAPTER R - REPEALED]
        • • • [Sec. 1361. Repealed. Pub. L. 89-389, Sec. 4(b)(1), Apr. 14, 1966, 80 Stat. 116]
      • SUBCHAPTER S - TAX TREATMENT OF S CORPORATIONS AND THEIR SHAREHOLDERS
        • PART I - IN GENERAL
          • • Sec. 1361. S corporation defined
            • Sec. 1362. Election; revocation; termination
            • Sec. 1363. Effect of election on corporation
        • PART II - TAX TREATMENT OF SHAREHOLDERS
          • • Sec. 1366. Pass-thru of items to shareholders
            • Sec. 1367. Adjustments to basis of stock of shareholders, etc.
            • Sec. 1368. Distributions
        • PART III - SPECIAL RULES
          • • Sec. 1371. Coordination with subchapter C
            • Sec. 1372. Partnership rules to apply for fringe benefit purposes
            • Sec. 1373. Foreign income
            • Sec. 1374. Tax imposed on certain built-in gains
            • Sec. 1375. Tax imposed when passive investment income of corporation having accumulated earnings and profits exceeds 25 percent of gross receipts
        • PART IV - DEFINITIONS; MISCELLANEOUS
          • • Sec. 1377. Definitions and special rule
            • Sec. 1378. Taxable year of S corporation
            • Sec. 1379. Transitional rules on enactment
      • SUBCHAPTER T - COOPERATIVES AND THEIR PATRONS
        • PART I - TAX TREATMENT OF COOPERATIVES
          • • Sec. 1381. Organizations to which part applies
            • Sec. 1382. Taxable income of cooperatives
            • Sec. 1383. Computation of tax where cooperative redeems nonqualified written notices of allocation or nonqualified per-unit retain certificates
        • PART II - TAX TREATMENT BY PATRONS OF PATRONAGE DIVIDENDS AND PER-UNIT RETAIN ALLOCATIONS
          • • Sec. 1385. Amounts includible in patron's gross income
        • PART III - DEFINITIONS; SPECIAL RULES
          • • Sec. 1388. Definitions; special rules
      • SUBCHAPTER U - DESIGNATION AND TREATMENT OF EMPOWERMENT ZONES, ENTERPRISE COMMUNITIES, AND RURAL DEVELOPMENT INVESTMENT AREAS
        • PART I - DESIGNATION
          • • Sec. 1391. Designation procedure
            • Sec. 1392. Eligibility criteria
            • Sec. 1393. Definitions and special rules
        • PART II - TAX-EXEMPT FACILITY BONDS FOR EMPOWERMENT ZONES AND ENTERPRISE COMMUNITIES
          • • Sec. 1394. Tax-exempt enterprise zone facility bonds
        • PART III - ADDITIONAL INCENTIVES FOR EMPOWERMENT ZONES
          • SUBPART A - EMPOWERMENT ZONE EMPLOYMENT CREDIT
            • Sec. 1396. Empowerment zone employment credit
            • Sec. 1397. Other definitions and special rules
          • SUBPART B - ADDITIONAL EXPENSING
            • Sec. 1397A. Increase in expensing under section 179
          • SUBPART C - NONRECOGNITION OF GAIN ON ROLLOVER OF EMPOWERMENT ZONE INVESTMENTS
            • Sec. 1397B. Nonrecognition of gain on rollover of empowerment zone investments
          • SUBPART D - GENERAL PROVISIONS
            • Sec. 1397C. Enterprise zone business defined
            • Sec. 1397D. Qualified zone property defined
        • PART IV - INCENTIVES FOR EDUCATION ZONES
          • • Sec. 1397E. Credit to holders of qualified zone academy bonds
        • PART V - REGULATIONS
          • • Sec. 1397F. Regulations
      • SUBCHAPTER V - TITLE 11 CASES
        • • • Sec. 1398. Rules relating to individuals' title 11 cases
            • Sec. 1399. No separate taxable entities for partnerships, corporations, etc.
      • SUBCHAPTER W - DISTRICT OF COLUMBIA ENTERPRISE ZONE
        • • • Sec. 1400. Establishment of DC Zone
            • Sec. 1400A. Tax-exempt economic development bonds
            • Sec. 1400B. Zero percent capital gains rate
            • Sec. 1400C. First-time homebuyer credit for District of Columbia
      • SUBCHAPTER X - RENEWAL COMMUNITIES
        • PART I - DESIGNATION
          • • Sec. 1400E. Designation of renewal communities
        • PART II - RENEWAL COMMUNITY CAPITAL GAIN; RENEWAL COMMUNITY BUSINESS
          • • Sec. 1400F. Renewal community capital gain
            • Sec. 1400G. Renewal community business defined
        • PART III - ADDITIONAL INCENTIVES
          • • Sec. 1400H. Renewal community employment credit
            • Sec. 1400I. Commercial revitalization deduction
            • Sec. 1400J. Increase in expensing under section 179
      • SUBCHAPTER Y - NEW YORK LIBERTY ZONE BENEFITS
        • • • Sec. 1400L. Tax benefits for New York Liberty Zone
    • CHAPTER 2 - TAX ON SELF-EMPLOYMENT INCOME
      • • • • Sec. 1401. Rate of tax
            • Sec. 1402. Definitions
            • Sec. 1403. Miscellaneous provisions
    • CHAPTER 3 - WITHHOLDING OF TAX ON NONRESIDENT ALIENS AND FOREIGN CORPORATIONS
      • SUBCHAPTER A - NONRESIDENT ALIENS AND FOREIGN CORPORATIONS
        • • • Sec. 1441. Withholding of tax on nonresident aliens
            • Sec. 1442. Withholding of tax on foreign corporations
            • Sec. 1443. Foreign tax-exempt organizations
            • Sec. 1444. Withholding on Virgin Islands source income
            • Sec. 1445. Withholding of tax on dispositions of United States real property interests
            • Sec. 1446. Withholding¹ tax on foreign partners' share of effectively connected income
      • SUBCHAPTER B - APPLICATION OF WITHHOLDING PROVISIONS
        • • • [Sec. 1451. Repealed. Pub. L. 98-369, div. A, title IV, Sec. 474(r)(29)(A), July 18, 1984, 98 Stat. 844]
            • Sec. 1461. Liability for withheld tax
            • Sec. 1462. Withheld tax as credit to recipient of income
            • Sec. 1463. Tax paid by recipient of income
            • Sec. 1464. Refunds and credits with respect to withheld tax
            • [Sec. 1465. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(a)(156), Oct. 4, 1976, 90 Stat. 1789]
    • [CHAPTER 4 - REPEALED]
      • • • • [Sec. 1471. Repealed. Pub. L. 94-455, title XIX, Sec. 1901(b)(13)(A), Oct. 4, 1976, 90 Stat. 1840]
            • [Secs. 1481, 1482. Repealed. Pub. L. 101-508, title XI, Se