US Code Title 26 Chapter 1 Normal Taxes and Surtaxes

Subchapter A - Determination of Tax Liability

Part I - Tax on Individuals

§ 1 - Tax Imposed
§ 2 - Definitions and Special Rules
§ 3 - Tax Tables for Individuals
§ 5 - Cross References Relating to Tax on Individuals

Part II - Tax on Corporations

§ 11 - Tax Imposed
§ 12 - Cross References Relating to Tax on Corporations

Part III - Changes in Rates During a Taxable Year

§ 15 - Effect of Changes

Part IV - Credits Against Tax

Subpart A - Nonrefundable Personal Credits

§ 21 - Expenses for Household and Dependent Care Services Necessary for Gainful Employment
§ 22 - Credit for the Elderly and the Permanently and Totally Disabled
§ 23 - Adoption Expenses
§ 24 - Child Tax Credit
§ 25 - Interest on Certain Home Mortgages
§ 25A - Hope and Lifetime Learning Credits
§ 25B - Elective Deferrals and Ira Contributions by Certain Individuals
§ 25C - Nonbusiness Energy Property
§ 25D - Residential Energy Efficient Property
§ 26 - Limitation Based on Tax Liability; Definition of Tax Liability

Subpart B - Other Credits

§ 27 - Taxes of Foreign Countries and Possessions of the United States; Possession Tax Credit
§ 30 - Certain Plug-in Electric Vehicles
§ 30A - Puerto Rico Economic Activity Credit
§ 30B - Alternative Motor Vehicle Credit
§ 30C - Alternative Fuel Vehicle Refueling Property Credit
§ 30D - New Qualified Plug-in Electric Drive Motor Vehicles

Subpart C - Refundable Credits

§ 31 - Tax Withheld on Wages
§ 32 - Earned Income
§ 33 - Tax Withheld At Source on Nonresident Aliens and Foreign Corporations
§ 34 - Certain Uses of Gasoline and Special Fuels
§ 35 - Health Insurance Costs of Eligible Individuals
§ 36 - First-time Homebuyer Credit
§ 36A - Making Work Pay Credit
§ 36B - Refundable Credit for Coverage Under a Qualified Health Plan
§ 37 - Overpayments of Tax

Subpart D - Business Related Credits

§ 38 - General Business Credit
§ 39 - Carryback and Carryforward of Unused Credits
§ 40 - Alcohol, Etc., Used as Fuel
§ 40A - Biodiesel and Renewable Diesel Used as Fuel
§ 41 - Credit for Increasing Research Activities
§ 42 - Low-income Housing Credit
§ 43 - Enhanced Oil Recovery Credit
§ 44 - Expenditures to Provide Access to Disabled Individuals
§ 45 - Electricity Produced From Certain Renewable Resources, Etc.
§ 45A - Indian Employment Credit
§ 45B - Credit for Portion of Employer Social Security Taxes Paid With Respect to Employee Cash Tips
§ 45C - Clinical Testing Expenses for Certain Drugs for Rare Diseases or Conditions
§ 45D - New Markets Tax Credit
§ 45E - Small Employer Pension Plan Startup Costs
§ 45F - Employer-provided Child Care Credit
§ 45G - Railroad Track Maintenance Credit
§ 45H - Credit for Production of Low Sulfur Diesel Fuel
§ 45I - Credit for Producing Oil and Gas From Marginal Wells
§ 45J - Credit for Production From Advanced Nuclear Power Facilities
§ 45K - Credit for Producing Fuel From a Nonconventional Source
§ 45L - New Energy Efficient Home Credit
§ 45M - Energy Efficient Appliance Credit
§ 45N - Mine Rescue Team Training Credit
§ 45O - Agricultural Chemicals Security Credit
§ 45P - Employer Wage Credit for Employees Who Are Active Duty Members of the Uniformed Services
§ 45Q - Credit for Carbon Dioxide Sequestration
§ 45R - Employee Health Insurance Expenses of Small Employers

Subpart E - Rules for Computing Investment Credit

§ 46 - Amount of Credit
§ 47 - Rehabilitation Credit
§ 48 - Energy Credit
§ 48A - Qualifying Advanced Coal Project Credit
§ 48B - Qualifying Gasification Project Credit
§ 48C - Qualifying Advanced Energy Project Credit
§ 48D - Qualifying Therapeutic Discovery Project Credit
§ 49 - At-risk Rules
§ 50 - Other Special Rules

Subpart F - Rules for Computing Work Opportunity Credit

§ 51 - Amount of Credit
§ 52 - Special Rules

Subpart G - Credit Against Regular Tax for Prior Year Minimum Tax Liability

§ 53 - Credit for Prior Year Minimum Tax Liability

Subpart H - Nonrefundable Credit to Holders of Clean Renewable Energy Bonds

§ 54 - Credit to Holders of Clean Renewable Energy Bonds

Subpart I - Qualified Tax Credit Bonds

§ 54A - Credit to Holders of Qualified Tax Credit Bonds
§ 54B - Qualified Forestry Conservation Bonds
§ 54C - New Clean Renewable Energy Bonds
§ 54D - Qualified Energy Conservation Bonds
§ 54E - Qualified Zone Academy Bonds
§ 54F - Qualified School Construction Bonds

Subpart J - Build America Bonds

§ 54AA - Build America Bonds

Part VI - Alternative Minimum Tax

§ 55 - Alternative Minimum Tax Imposed
§ 56 - Adjustments in Computing Alternative Minimum Taxable Income
§ 57 - Items of Tax Preference
§ 58 - Denial of Certain Losses
§ 59 - Other Definitions and Special Rules

Part VII - Environmental Tax

§ 59A - Environmental Tax

Subchapter B - Computation of Taxable Income

Part I - Definition of Gross Income, Adjusted Gross Income, Taxable Income, Etc.

§ 61 - Gross Income Defined
§ 62 - Adjusted Gross Income Defined
§ 63 - Taxable Income Defined
§ 64 - Ordinary Income Defined
§ 65 - Ordinary Loss Defined
§ 66 - Treatment of Community Income
§ 67 - 2-percent Floor on Miscellaneous Itemized Deductions
§ 68 - Overall Limitation on Itemized Deductions

Part II - Items Specifically Included in Gross Income

§ 71 - Alimony and Separate Maintenance Payments
§ 72 - Annuities; Certain Proceeds of Endowment and Life Insurance Contracts
§ 73 - Services of Child
§ 74 - Prizes and Awards
§ 75 - Dealers in Tax-exempt Securities
§ 77 - Commodity Credit Loans
§ 78 - Dividends Received From Certain Foreign Corporations by Domestic Corporations Choosing Foreign Tax Credit
§ 79 - Group-term Life Insurance Purchased for Employees
§ 80 - Restoration of Value of Certain Securities
§ 82 - Reimbursement for Expenses of Moving
§ 83 - Property Transferred in Connection With Performance of Services
§ 84 - Transfer of Appreciated Property to Political Organization
§ 85 - Unemployment Compensation
§ 86 - Social Security and Tier 1 Railroad Retirement Benefits
§ 87 - Alcohol and Biodiesel Fuels Credits
§ 88 - Certain Amounts With Respect to Nuclear Decommissioning Costs
§ 90 - Illegal Federal Irrigation Subsidies

Part III - Items Specifically Excluded From Gross Income

§ 101 - Certain Death Benefits
§ 102 - Gifts and Inheritances
§ 103 - Interest on State and Local Bonds
§ 104 - Compensation for Injuries or Sickness
§ 105 - Amounts Received Under Accident and Health Plans
§ 106 - Contributions by Employer to Accident and Health Plans
§ 107 - Rental Value of Parsonages
§ 108 - Income From Discharge of Indebtedness
§ 109 - Improvements by Lessee on Lessor's Property
§ 110 - Qualified Lessee Construction Allowances for Short-term Leases
§ 111 - Recovery of Tax Benefit Items
§ 112 - Certain Combat Zone Compensation of Members of the Armed Forces
§ 115 - Income of States, Municipalities, Etc.
§ 117 - Qualified Scholarships
§ 118 - Contributions to the Capital of a Corporation
§ 119 - Meals or Lodging Furnished for the Convenience of the Employer
§ 120 - Amounts Received Under Qualified Group Legal Services Plans
§ 121 - Exclusion of Gain From Sale of Principal Residence
§ 122 - Certain Reduced Uniformed Services Retirement Pay
§ 123 - Amounts Received Under Insurance Contracts for Certain Living Expenses
§ 125 - Cafeteria Plans
§ 126 - Certain Cost-sharing Payments
§ 127 - Educational Assistance Programs
§ 129 - Dependent Care Assistance Programs
§ 130 - Certain Personal Injury Liability Assignments
§ 131 - Certain Foster Care Payments
§ 132 - Certain Fringe Benefits
§ 134 - Certain Military Benefits
§ 135 - Income From United States Savings Bonds Used to Pay Higher Education Tuition and Fees
§ 136 - Energy Conservation Subsidies Provided by Public Utilities
§ 137 - Adoption Assistance Programs
§ 138 - Medicare Advantage Msa
§ 139 - Disaster Relief Payments
§ 139A - Federal Subsidies for Prescription Drug Plans
§ 139B - Benefits Provided to Volunteer Firefighters and Emergency Medical Responders
§ 139C - Cobra Premium Assistance
§ 139D - Indian Health Care Benefits
§ 140 - Cross References to Other Acts

Part IV - Tax Exemption Requirements for State and Local Bonds

Subpart A - Private Activity Bonds

§ 141 - Private Activity Bond; Qualified Bond
§ 142 - Exempt Facility Bond
§ 143 - Mortgage Revenue Bonds: Qualified Mortgage Bond and Qualified Veterans' Mortgage Bond
§ 144 - Qualified Small Issue Bond; Qualified Student Loan Bond; Qualified Redevelopment Bond
§ 145 - Qualified 501(c)(3) Bond
§ 146 - Volume Cap
§ 147 - Other Requirements Applicable to Certain Private Activity Bonds

Subpart B - Requirements Applicable to All State and Local Bonds

§ 148 - Arbitrage
§ 149 - Bonds Must Be Registered to Be Tax Exempt; Other Requirements

Subpart C - Definitions and Special Rules

§ 150 - Definitions and Special Rules

Part V - Deductions for Personal Exemptions

§ 151 - Allowance of Deductions for Personal Exemptions
§ 152 - Dependent Defined
§ 153 - Cross References

Part VI - Itemized Deductions for Individuals and Corporations

§ 161 - Allowance of Deductions
§ 162 - Trade or Business Expenses
§ 163 - Interest
§ 164 - Taxes
§ 165 - Losses
§ 166 - Bad Debts
§ 167 - Depreciation
§ 168 - Accelerated Cost Recovery System
§ 169 - Amortization of Pollution Control Facilities
§ 170 - Charitable, Etc., Contributions and Gifts
§ 171 - Amortizable Bond Premium
§ 172 - Net Operating Loss Deduction
§ 173 - Circulation Expenditures
§ 174 - Research and Experimental Expenditures
§ 175 - Soil and Water Conservation Expenditures; Endangered Species Recovery Expenditures
§ 176 - Payments With Respect to Employees of Certain Foreign Corporations
§ 178 - Amortization of Cost of Acquiring a Lease
§ 179 - Election to Expense Certain Depreciable Business Assets
§ 179A - Deduction for Clean-fuel Vehicles and Certain Refueling Property
§ 179B - Deduction for Capital Costs Incurred in Complying With Environmental Protection Agency Sulfur Regulations
§ 179C - Election to Expense Certain Refineries
§ 179D - Energy Efficient Commercial Buildings Deduction
§ 179E - Election to Expense Advanced Mine Safety Equipment
§ 180 - Expenditures by Farmers for Fertilizer, Etc.
§ 181 - Treatment of Certain Qualified Film and Television Productions
§ 183 - Activities Not Engaged in for Profit
§ 186 - Recoveries of Damages for Antitrust Violations, Etc.
§ 190 - Expenditures to Remove Architectural and Transportation Barriers to the Handicapped and Elderly
§ 192 - Contributions to Black Lung Benefit Trust
§ 193 - Tertiary Injectants
§ 194 - Treatment of Reforestation Expenditures
§ 194A - Contributions to Employer Liability Trusts
§ 195 - Start-up Expenditures
§ 196 - Deduction for Certain Unused Business Credits
§ 197 - Amortization of Goodwill and Certain Other Intangibles
§ 198 - Expensing of Environmental Remediation Costs
§ 198A - Expensing of Qualified Disaster Expenses
§ 199 - Income Attributable to Domestic Production Activities

Part VII - Additional Itemized Deductions for Individuals

§ 211 - Allowance of Deductions
§ 212 - Expenses for Production of Income
§ 213 - Medical, Dental, Etc., Expenses
§ 215 - Alimony, Etc., Payments
§ 216 - Deduction of Taxes, Interest, and Business Depreciation by Cooperative Housing Corporation Tenant-stockholder
§ 217 - Moving Expenses
§ 219 - Retirement Savings
§ 220 - Archer Msas
§ 221 - Interest on Education Loans
§ 222 - Qualified Tuition and Related Expenses
§ 223 - Health Savings Accounts
§ 224 - Cross Reference

Part VIII - Special Deductions for Corporations

§ 241 - Allowance of Special Deductions
§ 243 - Dividends Received by Corporations
§ 244 - Dividends Received on Certain Preferred Stock
§ 245 - Dividends Received From Certain Foreign Corporations
§ 246 - Rules Applying to Deductions for Dividends Received
§ 246A - Dividends Received Deduction Reduced Where Portfolio Stock Is Debt Financed
§ 247 - Dividends Paid on Certain Preferred Stock of Public Utilities
§ 248 - Organizational Expenditures
§ 249 - Limitation on Deduction of Bond Premium on Repurchase

Part IX - Items Not Deductible

§ 261 - General Rule for Disallowance of Deductions
§ 262 - Personal, Living, and Family Expenses
§ 263 - Capital Expenditures
§ 263A - Capitalization and Inclusion in Inventory Costs of Certain Expenses
§ 264 - Certain Amounts Paid in Connection With Insurance Contracts
§ 265 - Expenses and Interest Relating to Tax-exempt Income
§ 266 - Carrying Charges
§ 267 - Losses, Expenses, and Interest With Respect to Transactions Between Related Taxpayers
§ 268 - Sale of Land With Unharvested Crop
§ 269 - Acquisitions Made to Evade or Avoid Income Tax
§ 269A - Personal Service Corporations Formed or Availed of to Avoid or Evade Income Tax
§ 269B - Stapled Entities
§ 271 - Debts Owed by Political Parties, Etc.
§ 272 - Disposal of Coal or Domestic Iron Ore
§ 273 - Holders of Life or Terminable Interest
§ 274 - Disallowance of Certain Entertainment, Etc., Expenses
§ 275 - Certain Taxes
§ 276 - Certain Indirect Contributions to Political Parties
§ 277 - Deductions Incurred by Certain Membership Organizations in Transactions With Members
§ 279 - Interest on Indebtedness Incurred by Corporation to Acquire Stock or Assets of Another Corporation
§ 280A - Disallowance of Certain Expenses in Connection With Business Use of Home, Rental of Vacation Homes, Etc.
§ 280B - Demolition of Structures
§ 280C - Certain Expenses for Which Credits Are Allowable
§ 280E - Expenditures in Connection With the Illegal Sale of Drugs
§ 280F - Limitation on Depreciation for Luxury Automobiles; Limitation Where Certain Property Used for Personal Purposes
§ 280G - Golden Parachute Payments
§ 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

§ 281 - Terminal Railroad Corporations and Their Shareholders

Part XI - Special Rules Relating to Corporate Preference Items

§ 291 - Special Rules Relating to Corporate Preference Items

Subchapter C - Corporate Distributions and Adjustments

Part I - Distributions by Corporations

Subpart A - Effects on Recipients

§ 301 - Distributions of Property
§ 302 - Distributions in Redemption of Stock
§ 303 - Distributions in Redemption of Stock to Pay Death Taxes
§ 304 - Redemption Through Use of Related Corporations
§ 305 - Distributions of Stock and Stock Rights
§ 306 - Dispositions of Certain Stock
§ 307 - Basis of Stock and Stock Rights Acquired in Distributions

Subpart B - Effects on Corporation

§ 311 - Taxability of Corporation on Distribution
§ 312 - Effect on Earnings and Profits

Subpart C - Definitions; Constructive Ownership of Stock

§ 316 - Dividend Defined
§ 317 - Other Definitions
§ 318 - Constructive Ownership of Stock

Part II - Corporate Liquidations

Subpart A - Effects on Recipients

§ 331 - Gain or Loss to Shareholders in Corporate Liquidations
§ 332 - Complete Liquidations of Subsidiaries
§ 334 - Basis of Property Received in Liquidations

Subpart B - Effects on Corporation

§ 336 - Gain or Loss Recognized on Property Distributed in Complete Liquidation
§ 337 - Nonrecognition for Property Distributed to Parent in Complete Liquidation of Subsidiary
§ 338 - Certain Stock Purchases Treated as Asset Acquisitions

Subpart D - Definition and Special Rule

§ 346 - Definition and Special Rule

Part III - Corporate Organizations and Reorganizations

Subpart A - Corporate Organizations

§ 351 - Transfer to Corporation Controlled by Transferor

Subpart B - Effects on Shareholders and Security Holders

§ 354 - Exchanges of Stock and Securities in Certain Reorganizations
§ 355 - Distribution of Stock and Securities of a Controlled Corporation
§ 356 - Receipt of Additional Consideration
§ 357 - Assumption of Liability
§ 358 - Basis to Distributees

Subpart C - Effects on Corporation

§ 361 - Nonrecognition of Gain or Loss to Corporations; Treatment of Distributions
§ 362 - Basis to Corporations

Subpart D - Special Rule; Definitions

§ 367 - Foreign Corporations
§ 368 - Definitions Relating to Corporate Reorganizations

Part V - Carryovers

§ 381 - Carryovers in Certain Corporate Acquisitions
§ 382 - Limitation on Net Operating Loss Carryforwards and Certain Built-in Losses Following Ownership Change
§ 383 - Special Limitations on Certain Excess Credits, Etc.
§ 384 - Limitation on Use of Preacquisition Losses to Offset Built-in Gains

Part VI - Treatment of Certain Corporate Interests as Stock or Indebtedness

§ 385 - Treatment of Certain Interests in Corporations as Stock or Indebtedness

Subchapter D - Deferred Compensation, Etc.

Part I - Pension, Profit-sharing, Stock Bonus Plans, Etc.

Subpart A - General Rule

§ 401 - Qualified Pension, Profit-sharing, and Stock Bonus Plans
§ 402 - Taxability of Beneficiary of Employees' Trust
§ 402A - Optional Treatment of Elective Deferrals as Roth Contributions
§ 403 - Taxation of Employee Annuities
§ 404 - Deduction for Contributions of an Employer to an Employees' Trust or Annuity Plan and Compensation Under a Deferred-payment Plan
§ 404A - Deduction for Certain Foreign Deferred Compensation Plans
§ 406 - Employees of Foreign Affiliates Covered by Section 3121(l) Agreements
§ 407 - Certain Employees of Domestic Subsidiaries Engaged in Business Outside the United States
§ 408 - Individual Retirement Accounts
§ 408A - Roth Iras
§ 409 - Qualifications for Tax Credit Employee Stock Ownership Plans
§ 409A - Inclusion in Gross Income of Deferred Compensation Under Nonqualified Deferred Compensation Plans

Subpart B - Special Rules

§ 410 - Minimum Participation Standards
§ 411 - Minimum Vesting Standards
§ 412 - Minimum Funding Standards
§ 413 - Collectively Bargained Plans, Etc.
§ 414 - Definitions and Special Rules
§ 415 - Limitations on Benefits and Contribution Under Qualified Plans
§ 416 - Special Rules for Top-heavy Plans
§ 417 - Definitions and Special Rules for Purposes of Minimum Survivor Annuity Requirements

Subpart C - Special Rules for Multiemployer Plans

§ 418 - Reorganization Status
§ 418A - Notice of Reorganization and Funding Requirements
§ 418B - Minimum Contribution Requirement
§ 418C - Overburden Credit Against Minimum Contribution Requirement
§ 418D - Adjustments in Accrued Benefits
§ 418E - Insolvent Plans

Subpart D - Treatment of Welfare Benefit Funds

§ 419 - Treatment of Funded Welfare Benefit Plans
§ 419A - Qualified Asset Account; Limitation on Additions to Account

Subpart E - Treatment of Transfers to Retiree Health Accounts

§ 420 - Transfers of Excess Pension Assets to Retiree Health Accounts

Part II - Certain Stock Options

§ 421 - General Rules
§ 422 - Incentive Stock Options
§ 423 - Employee Stock Purchase Plans
§ 424 - Definitions and Special Rules

Part III - Rules Relating to Minimum Funding Standards and Benefit Limitations

Subpart A - Minimum Funding Standards for Pension Plans

§ 430 - Minimum Funding Standards for Single-employer Defined Benefit Pension Plans
§ 431 - Minimum Funding Standards for Multiemployer Plans
§ 432 - Additional Funding Rules for Multiemployer Plans in Endangered Status or Critical Status

Subpart B - Benefit Limitations Under Single-employer Plans

§ 436 - Funding-based Limits on Benefits and Benefit Accruals Under Single-employer Plans

Subchapter E - Accounting Periods and Methods of Accounting

Part I - Accounting Periods

§ 441 - Period for Computation of Taxable Income
§ 442 - Change of Annual Accounting Period
§ 443 - Returns for a Period of Less Than 12 Months
§ 444 - Election of Taxable Year Other Than Required Taxable Year

Part II - Methods of Accounting

Subpart A - Methods of Accounting in General

§ 446 - General Rule for Methods of Accounting
§ 447 - Method of Accounting for Corporations Engaged in Farming
§ 448 - Limitation on Use of Cash Method of Accounting

Subpart B - Taxable Year for Which Items of Gross Income Included

§ 451 - General Rule for Taxable Year of Inclusion
§ 453 - Installment Method
§ 453A - Special Rules for Nondealers
§ 453B - Gain or Loss Disposition of Installment Obligations
§ 454 - Obligations Issued At Discount
§ 455 - Prepaid Subscription Income
§ 456 - Prepaid Dues Income of Certain Membership Organizations
§ 457 - Deferred Compensation Plans of State and Local Governments and Tax-exempt Organizations
§ 457A - Nonqualified Deferred Compensation From Certain Tax Indifferent Parties
§ 458 - Magazines, Paperbacks, and Records Returned After the Close of the Taxable Year
§ 460 - Special Rules for Long-term Contracts

Subpart C - Taxable Year for Which Deductions Taken

§ 461 - General Rule for Taxable Year of Deduction
§ 464 - Limitations on Deductions for Certain Farming
§ 465 - Deductions Limited to Amount At Risk
§ 467 - Certain Payments for the Use of Property or Services
§ 468 - Special Rules for Mining and Solid Waste Reclamation and Closing Costs
§ 468A - Special Rules for Nuclear Decommissioning Costs
§ 468B - Special Rules for Designated Settlement Funds
§ 469 - Passive Activity Losses and Credits Limited
§ 470 - Limitation on Deductions Allocable to Property Used by Governments or Other Tax-exempt Entities

Subpart D - Inventories

§ 471 - General Rule for Inventories
§ 472 - Last-in, First-out Inventories
§ 473 - Qualified Liquidations of Lifo Inventories
§ 474 - Simplified Dollar-value Lifo Method for Certain Small Businesses
§ 475 - Mark to Market Accounting Method for Dealers in Securities

Part III - Adjustments

§ 481 - Adjustments Required by Changes in Method of Accounting
§ 482 - Allocation of Income and Deductions Among Taxpayers
§ 483 - Interest on Certain Deferred Payments

Subchapter F - Exempt Organizations

Part I - General Rule

§ 501 - Exemption From Tax on Corporations, Certain Trusts, Etc.
§ 502 - Feeder Organizations
§ 503 - Requirements for Exemption
§ 504 - Status After Organization Ceases to Qualify for Exemption Under Section 501(c)(3) Because of Substantial Lobbying or Because of Political Activities
§ 505 - Additional Requirements for Organizations Described in Paragraph (9), (17), or (20) of Section 501(c)

Part II - Private Foundations

§ 507 - Termination of Private Foundation Status
§ 508 - Special Rules With Respect to Section 501(c)(3) Organizations
§ 509 - Private Foundation Defined

Part III - Taxation of Business Income of Certain Exempt Organizations

§ 511 - Imposition of Tax on Unrelated Business Income of Charitable, Etc., Organizations
§ 512 - Unrelated Business Taxable Income
§ 513 - Unrelated Trade or Business
§ 514 - Unrelated Debt-financed Income
§ 515 - Taxes of Foreign Countries and Possessions of the United States

Part IV - Farmers' Cooperatives

§ 521 - Exemption of Farmers' Cooperatives From Tax

Part V - Shipowners' Protection and Indemnity Associations

§ 526 - Shipowners' Protection and Indemnity Associations

Part VI - Political Organizations

§ 527 - Political Organizations

Part VII - Certain Homeowners Associations

§ 528 - Certain Homeowners Associations

Part VIII - Higher Education Savings Entities

§ 529 - Qualified Tuition Programs
§ 530 - Coverdell Education Savings Accounts

Subchapter G - Corporations Used to Avoid Income Tax on Shareholders

Part I - Corporations Improperly Accumulating Surplus

§ 531 - Imposition of Accumulated Earnings Tax
§ 532 - Corporations Subject to Accumulated Earnings Tax
§ 533 - Evidence of Purpose to Avoid Income Tax
§ 534 - Burden of Proof
§ 535 - Accumulated Taxable Income
§ 536 - Income Not Placed on Annual Basis
§ 537 - Reasonable Needs of the Business

Part II - Personal Holding Companies

§ 541 - Imposition of Personal Holding Company Tax
§ 542 - Definition of Personal Holding Company
§ 543 - Personal Holding Company Income
§ 544 - Rules for Determining Stock Ownership
§ 545 - Undistributed Personal Holding Company Income
§ 546 - Income Not Placed on Annual Basis
§ 547 - Deduction for Deficiency Dividends

Part IV - Deduction for Dividends Paid

§ 561 - Definition of Deduction for Dividends Paid
§ 562 - Rules Applicable in Determining Dividends Eligible for Dividends Paid Deduction
§ 563 - Rules Relating to Dividends Paid After Close of Taxable Year
§ 564 - Dividend Carryover
§ 565 - Consent Dividends

Subchapter H - Banking Institutions

Part I - Rules of General Application to Banking Institutions

§ 581 - Definition of Bank
§ 582 - Bad Debts, Losses, and Gains With Respect to Securities Held by Financial Institutions
§ 584 - Common Trust Funds
§ 585 - Reserves for Losses on Loans of Banks

Part II - Mutual Savings Banks, Etc.

§ 591 - Deduction for Dividends Paid on Deposits
§ 593 - Reserves for Losses on Loans
§ 594 - Alternative Tax for Mutual Savings Banks Conducting Life Insurance Business
§ 597 - Treatment of Transactions in Which Federal Financial Assistance Provided

Subchapter I - Natural Resources

Part I - Deductions

§ 611 - Allowance of Deduction for Depletion
§ 612 - Basis for Cost Depletion
§ 613 - Percentage Depletion
§ 613A - Limitations on Percentage Depletion in Case of Oil and Gas Wells
§ 614 - Definition of Property
§ 616 - Development Expenditures
§ 617 - Deduction and Recapture of Certain Mining Exploration Expenditures

Part III - Sales and Exchanges

§ 631 - Gain or Loss in the Case of Timber, Coal, or Domestic Iron Ore

Part IV - Mineral Production Payments

§ 636 - Income Tax Treatment of Mineral Production Payments

Part V - Continental Shelf Areas

§ 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

§ 641 - Imposition of Tax
§ 642 - Special Rules for Credits and Deductions
§ 643 - Definitions Applicable to Subparts A, B, C, and D
§ 644 - Taxable Year of Trusts
§ 645 - Certain Revocable Trusts Treated as Part of Estate
§ 646 - Tax Treatment of Electing Alaska Native Settlement Trusts

Subpart B - Trusts Which Distribute Current Income Only

§ 651 - Deduction for Trusts Distributing Current Income Only
§ 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

§ 661 - Deduction for Estates and Trusts Accumulating Income or Distributing Corpus
§ 662 - Inclusion of Amounts in Gross Income of Beneficiaries of Estates and Trusts Accumulating Income or Distributing Corpus
§ 663 - Special Rules Applicable to Sections 661 and 662
§ 664 - Charitable Remainder Trusts

Subpart D - Treatment of Excess Distributions by Trusts

§ 665 - Definitions Applicable to Subpart D
§ 666 - Accumulation Distribution Allocated to Preceding Years
§ 667 - Treatment of Amounts Deemed Distributed by Trust in Preceding Years
§ 668 - Interest Charge on Accumulation Distributions From Foreign Trusts

Subpart E - Grantors and Others Treated as Substantial Owners

§ 671 - Trust Income, Deductions, and Credits Attributable to Grantors and Others as Substantial Owners
§ 672 - Definitions and Rules
§ 673 - Reversionary Interests
§ 674 - Power to Control Beneficial Enjoyment
§ 675 - Administrative Powers
§ 676 - Power to Revoke
§ 677 - Income for Benefit of Grantor
§ 678 - Person Other Than Grantor Treated as Substantial Owner
§ 679 - Foreign Trusts Having One or More United States Beneficiaries

Subpart F - Miscellaneous

§ 681 - Limitation on Charitable Deduction
§ 682 - Income of an Estate or Trust in Case of Divorce, Etc.
§ 683 - Use of Trust as an Exchange Fund
§ 684 - Recognition of Gain on Certain Transfers to Certain Foreign Trusts and Estates
§ 685 - Treatment of Funeral Trusts

Part II - Income in Respect of Decedents

§ 691 - Recipients of Income in Respect of Decedents
§ 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

§ 701 - Partners, Not Partnership, Subject to Tax
§ 702 - Income and Credits of Partner
§ 703 - Partnership Computations
§ 704 - Partner's Distributive Share
§ 705 - Determination of Basis of Partner's Interest
§ 706 - Taxable Years of Partner and Partnership
§ 707 - Transactions Between Partner and Partnership
§ 708 - Continuation of Partnership
§ 709 - Treatment of Organization and Syndication Fees

Part II - Contributions, Distributions, and Transfers

Subpart A - Contributions to a Partnership

§ 721 - Nonrecognition of Gain or Loss on Contribution
§ 722 - Basis of Contributing Partner's Interest
§ 723 - Basis of Property Contributed to Partnership
§ 724 - Character of Gain or Loss on Contributed Unrealized Receivables, Inventory Items, and Capital Loss Property

Subpart B - Distributions by a Partnership

§ 731 - Extent of Recognition of Gain or Loss on Distribution
§ 732 - Basis of Distributed Property Other Than Money
§ 733 - Basis of Distributee Partner's Interest
§ 734 - Adjustment to Basis of Undistributed Partnership Property Where Section 754 Election or Substantial Basis Reduction
§ 735 - Character of Gain or Loss on Disposition of Distributed Property
§ 736 - Payments to a Retiring Partner or a Deceased Partner's Successor in Interest
§ 737 - Recognition of Precontribution Gain in Case of Certain Distributions to Contributing Partner

Subpart C - Transfers of Interests in a Partnership

§ 741 - Recognition and Character of Gain or Loss on Sale or Exchange
§ 742 - Basis of Transferee Partner's Interest
§ 743 - Special Rules Where Section 754 Election or Substantial Built-in Loss

Subpart D - Provisions Common to Other Subparts

§ 751 - Unrealized Receivables and Inventory Items
§ 752 - Treatment of Certain Liabilities
§ 753 - Partner Receiving Income in Respect of Decedent
§ 754 - Manner of Electing Optional Adjustment to Basis of Partnership Property
§ 755 - Rules for Allocation of Basis

Part III - Definitions

§ 761 - Terms Defined

Part IV - Special Rules for Electing Large Partnerships

§ 771 - Application of Subchapter to Electing Large Partnerships
§ 772 - Simplified Flow-through
§ 773 - Computations At Partnership Level
§ 774 - Other Modifications
§ 775 - Electing Large Partnership Defined
§ 776 - Special Rules for Partnerships Holding Oil and Gas Properties
§ 777 - Regulations

Subchapter L - Insurance Companies

Part I - Life Insurance Companies

Subpart A - Tax Imposed

§ 801 - Tax Imposed

Subpart B - Life Insurance Gross Income

§ 803 - Life Insurance Gross Income

Subpart C - Life Insurance Deductions

§ 804 - Life Insurance Deductions
§ 805 - General Deductions
§ 806 - Small Life Insurance Company Deduction
§ 807 - Rules for Certain Reserves
§ 808 - Policyholder Dividends Deduction
§ 810 - Operations Loss Deduction

Subpart D - Accounting, Allocation, and Foreign Provisions

§ 811 - Accounting Provisions
§ 812 - Definition of Company's Share and Policyholders' Share
§ 814 - Contiguous Country Branches of Domestic Life Insurance Companies
§ 815 - Distributions to Shareholders From Pre-1984 Policyholders Surplus Account

Subpart E - Definitions and Special Rules

§ 816 - Life Insurance Company Defined
§ 817 - Treatment of Variable Contracts
§ 817A - Special Rules for Modified Guaranteed Contracts
§ 818 - Other Definitions and Special Rules

Part II - Other Insurance Companies

§ 831 - Tax on Insurance Companies Other Than Life Insurance Companies
§ 832 - Insurance Company Taxable Income
§ 833 - Treatment of Blue Cross and Blue Shield Organizations, Etc.
§ 834 - Determination of Taxable Investment Income
§ 835 - Election by Reciprocal

Part III - Provisions of General Application

§ 841 - Credit for Foreign Taxes
§ 842 - Foreign Companies Carrying on Insurance Business
§ 843 - Annual Accounting Period
§ 844 - Special Loss Carryover Rules
§ 845 - Certain Reinsurance Agreements
§ 846 - Discounted Unpaid Losses Defined
§ 847 - Special Estimated Tax Payments
§ 848 - Capitalization of Certain Policy Acquisition Expenses

Subchapter M - Regulated Investment Companies and Real Estate Investment Trusts

Part I - Regulated Investment Companies

§ 851 - Definition of Regulated Investment Company
§ 852 - Taxation of Regulated Investment Companies and Their Shareholders
§ 853 - Foreign Tax Credit Allowed to Shareholders
§ 853A - Credits From Tax Credit Bonds Allowed to Shareholders
§ 854 - Limitations Applicable to Dividends Received From Regulated Investment Company
§ 855 - Dividends Paid by Regulated Investment Company After Close of Taxable Year

Part II - Real Estate Investment Trusts

§ 856 - Definition of Real Estate Investment Trust
§ 857 - Taxation of Real Estate Investment Trusts and Their Beneficiaries
§ 858 - Dividends Paid by Real Estate Investment Trust After Close of Taxable Year
§ 859 - Adoption of Annual Accounting Period

Part III - Provisions Which Apply to Both Regulated Investment Companies and Real Estate Investment Trusts

§ 860 - Deduction for Deficiency Dividends

Part IV - Real Estate Mortgage Investment Conduits

§ 860A - Taxation of Remic's
§ 860B - Taxation of Holders of Regular Interests
§ 860C - Taxation of Residual Interests
§ 860D - Remic Defined
§ 860E - Treatment of Income in Excess of Daily Accruals on Residual Interests
§ 860F - Other Rules
§ 860G - Other Definitions and 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

§ 861 - Income From Sources Within the United States
§ 862 - Income From Sources Without the United States
§ 863 - Special Rules for Determining Source
§ 864 - Definitions and Special Rules
§ 865 - Source Rules for Personal Property Sales

Part II - Nonresident Aliens and Foreign Corporations

Subpart A - Nonresident Alien Individuals

§ 871 - Tax on Nonresident Alien Individuals
§ 872 - Gross Income
§ 873 - Deductions
§ 874 - Allowance of Deductions and Credits
§ 875 - Partnerships; Beneficiaries of Estates and Trusts
§ 876 - Alien Residents of Puerto Rico, Guam, American Samoa, or the Northern Mariana Islands
§ 877 - Expatriation to Avoid Tax
§ 877A - Tax Responsibilities of Expatriation
§ 878 - Foreign Educational, Charitable, and Certain Other Exempt Organizations
§ 879 - Tax Treatment of Certain Community Income in the Case of Nonresident Alien Individuals

Subpart B - Foreign Corporations

§ 881 - Tax on Income of Foreign Corporations Not Connected With United States Business
§ 882 - Tax on Income of Foreign Corporations Connected With United States Business
§ 883 - Exclusions From Gross Income
§ 884 - Branch Profits Tax
§ 885 - Cross References

Subpart C - Tax on Gross Transportation Income

§ 887 - Imposition of Tax on Gross Transportation Income of Nonresident Aliens and Foreign Corporations

Subpart D - Miscellaneous Provisions

§ 891 - Doubling of Rates of Tax on Citizens and Corporations of Certain Foreign Countries
§ 892 - Income of Foreign Governments and of International Organizations
§ 893 - Compensation of Employees of Foreign Governments or International Organizations
§ 894 - Income Affected by Treaty
§ 895 - Income Derived by a Foreign Central Bank of Issue From Obligations of the United States or From Bank Deposits
§ 896 - Adjustment of Tax on Nationals, Residents, and Corporations of Certain Foreign Countries
§ 897 - Disposition of Investment in United States Real Property
§ 898 - Taxable Year of Certain Foreign Corporations

Part III - Income From Sources Without the United States

Subpart A - Foreign Tax Credit

§ 901 - Taxes of Foreign Countries and of Possessions of United States
§ 902 - Deemed Paid Credit Where Domestic Corporation Owns 10 Percent or More of Voting Stock of Foreign Corporation
§ 903 - Credit for Taxes in Lieu of Income, Etc., Taxes
§ 904 - Limitation on Credit
§ 905 - Applicable Rules
§ 906 - Nonresident Alien Individuals and Foreign Corporations
§ 907 - Special Rules in Case of Foreign Oil and Gas Income
§ 908 - Reduction of Credit for Participation in or Cooperation With an International Boycott
§ 909 - Suspension of Taxes and Credits Until Related Income Taken Into Account

Subpart B - Earned Income of Citizens or Residents of United States

§ 911 - Citizens or Residents of the United States Living Abroad
§ 912 - Exemption for Certain Allowances

Subpart D - Possessions of the United States

§ 931 - Income From Sources Within Guam, American Samoa, or the Northern Mariana Islands
§ 932 - Coordination of United States and Virgin Islands Income Taxes
§ 933 - Income From Sources Within Puerto Rico
§ 934 - Limitation on Reduction in Income Tax Liability Incurred to the Virgin Islands
§ 936 - Puerto Rico and Possession Tax Credit
§ 937 - Residence and Source Rules Involving Possessions

Subpart F - Controlled Foreign Corporations

§ 951 - Amounts Included in Gross Income of United States Shareholders
§ 952 - Subpart F Income Defined
§ 953 - Insurance Income
§ 954 - Foreign Base Company Income
§ 955 - Withdrawal of Previously Excluded Subpart F Income From Qualified Investment
§ 956 - Investment of Earnings in United States Property
§ 957 - Controlled Foreign Corporations; United States Persons
§ 958 - Rules for Determining Stock Ownership
§ 959 - Exclusion From Gross Income of Previously Taxed Earnings and Profits
§ 960 - Special Rules for Foreign Tax Credit
§ 961 - Adjustments to Basis of Stock in Controlled Foreign Corporations and of Other Property
§ 962 - Election by Individuals to Be Subject to Tax At Corporate Rates
§ 964 - Miscellaneous Provisions
§ 965 - Temporary Dividends Received Deduction

Subpart G - Export Trade Corporations

§ 970 - Reduction of Subpart F Income of Export Trade Corporations
§ 971 - Definitions

Subpart I - Admissibility of Documentation Maintained in Foreign Countries

§ 982 - Admissibility of Documentation Maintained in Foreign Countries

Subpart J - Foreign Currency Transactions

§ 985 - Functional Currency
§ 986 - Determination of Foreign Taxes and Foreign Corporation's Earnings and Profits
§ 987 - Branch Transactions
§ 988 - Treatment of Certain Foreign Currency Transactions
§ 989 - Other Definitions and Special Rules

Part IV - Domestic International Sales Corporations

Subpart A - Treatment of Qualifying Corporations

§ 991 - Taxation of a Domestic International Sales Corporation
§ 992 - Requirements of a Domestic International Sales Corporation
§ 993 - Definitions
§ 994 - Inter-company Pricing Rules

Subpart B - Treatment of Distributions to Shareholders

§ 995 - Taxation of Disc Income to Shareholders
§ 996 - Rules for Allocation in the Case of Distributions and Losses
§ 997 - Special Subchapter C Rules

Part V - International Boycott Determinations

§ 999 - Reports by Taxpayers; Determinations

Subchapter O - Gain or Loss on Disposition of Property

Part I - Determination of Amount of and Recognition of Gain or Loss

§ 1001 - Determination of Amount of and Recognition of Gain or Loss

Part II - Basis Rules of General Application

§ 1011 - Adjusted Basis for Determining Gain or Loss
§ 1012 - Basis of Property—cost
§ 1013 - Basis of Property Included in Inventory
§ 1014 - Basis of Property Acquired From a Decedent
§ 1015 - Basis of Property Acquired by Gifts and Transfers in Trust
§ 1016 - Adjustments to Basis
§ 1017 - Discharge of Indebtedness
§ 1019 - Property on Which Lessee Has Made Improvements
§ 1021 - Sale of Annuities
§ 1023 - Cross References

Part III - Common Nontaxable Exchanges

§ 1031 - Exchange of Property Held for Productive Use or Investment
§ 1032 - Exchange of Stock for Property
§ 1033 - Involuntary Conversions
§ 1035 - Certain Exchanges of Insurance Policies
§ 1036 - Stock for Stock of Same Corporation
§ 1037 - Certain Exchanges of United States Obligations
§ 1038 - Certain Reacquisitions of Real Property
§ 1040 - Transfer of Certain Farm, Etc., Real Property
§ 1041 - Transfers of Property Between Spouses or Incident to Divorce
§ 1042 - Sales of Stock to Employee Stock Ownership Plans or Certain Cooperatives
§ 1043 - Sale of Property to Comply With Conflict-of-interest Requirements
§ 1044 - Rollover of Publicly Traded Securities Gain Into Specialized Small Business Investment Companies
§ 1045 - Rollover of Gain From Qualified Small Business Stock to Another Qualified Small Business Stock

Part IV - Special Rules

§ 1051 - Property Acquired During Affiliation
§ 1052 - Basis Established by the Revenue Act of 1932 or 1934 or by the Internal Revenue Code of 1939
§ 1053 - Property Acquired Before March 1, 1913
§ 1054 - Certain Stock of Federal National Mortgage Association
§ 1055 - Redeemable Ground Rents
§ 1058 - Transfers of Securities Under Certain Agreements
§ 1059 - Corporate Shareholder's Basis in Stock Reduced by Nontaxed Portion of Extraordinary Dividends
§ 1059A - Limitation on Taxpayer's Basis or Inventory Cost in Property Imported From Related Persons
§ 1060 - Special Allocation Rules for Certain Asset Acquisitions
§ 1061 - Cross References

Part VII - Wash Sales; Straddles

§ 1091 - Loss From Wash Sales of Stock or Securities
§ 1092 - Straddles

Subchapter P - Capital Gains and Losses

Part I - Treatment of Capital Gains

§ 1201 - Alternative Tax for Corporations
§ 1202 - Partial Exclusion for Gain From Certain Small Business Stock

Part II - Treatment of Capital Losses

§ 1211 - Limitation on Capital Losses
§ 1212 - Capital Loss Carrybacks and Carryovers

Part III - General Rules for Determining Capital Gains and Losses

§ 1221 - Capital Asset Defined
§ 1222 - Other Terms Relating to Capital Gains and Losses
§ 1223 - Holding Period of Property

Part IV - Special Rules for Determining Capital Gains and Losses

§ 1231 - Property Used in the Trade or Business and Involuntary Conversions
§ 1233 - Gains and Losses From Short Sales
§ 1234 - Options to Buy or Sell
§ 1234A - Gains or Losses From Certain Terminations
§ 1234B - Gains or Losses From Securities Futures Contracts
§ 1235 - Sale or Exchange of Patents
§ 1236 - Dealers in Securities
§ 1237 - Real Property Subdivided for Sale
§ 1239 - Gain From Sale of Depreciable Property Between Certain Related Taxpayers
§ 1241 - Cancellation of Lease or Distributor's Agreement
§ 1242 - Losses on Small Business Investment Company Stock
§ 1243 - Loss of Small Business Investment Company
§ 1244 - Losses on Small Business Stock
§ 1245 - Gain From Dispositions of Certain Depreciable Property
§ 1248 - Gain From Certain Sales or Exchanges of Stock in Certain Foreign Corporations
§ 1249 - Gain From Certain Sales or Exchanges of Patents, Etc., to Foreign Corporations
§ 1250 - Gain From Dispositions of Certain Depreciable Realty
§ 1252 - Gain From Disposition of Farm Land
§ 1253 - Transfers of Franchises, Trademarks, and Trade Names
§ 1254 - Gain From Disposition of Interest in Oil, Gas, Geothermal, or Other Mineral Properties
§ 1255 - Gain From Disposition of Section 126 Property
§ 1256 - Section 1256 Contracts Marked to Market
§ 1257 - Disposition of Converted Wetlands or Highly Erodible Croplands
§ 1258 - Recharacterization of Gain From Certain Financial Transactions
§ 1259 - Constructive Sales Treatment for Appreciated Financial Positions
§ 1260 - Gains From Constructive Ownership Transactions

Part V - Special Rules for Bonds and Other Debt Instruments

Subpart A - Original Issue Discount

§ 1271 - Treatment of Amounts Received on Retirement or Sale or Exchange of Debt Instruments
§ 1272 - Current Inclusion in Income of Original Issue Discount
§ 1273 - Determination of Amount of Original Issue Discount
§ 1274 - Determination of Issue Price in the Case of Certain Debt Instruments Issued for Property
§ 1274A - Special Rules for Certain Transactions Where Stated Principal Amount Does Not Exceed $2,800,000
§ 1275 - Other Definitions and Special Rules

Subpart B - Market Discount on Bonds

§ 1276 - Disposition Gain Representing Accrued Market Discount Treated as Ordinary Income
§ 1277 - Deferral of Interest Deduction Allocable to Accrued Market Discount
§ 1278 - Definitions and Special Rules

Subpart C - Discount on Short-term Obligations

§ 1281 - Current Inclusion in Income of Discount on Certain Short-term Obligations
§ 1282 - Deferral of Interest Deduction Allocable to Accrued Discount
§ 1283 - Definitions and Special Rules

Subpart D - Miscellaneous Provisions

§ 1286 - Tax Treatment of Stripped Bonds
§ 1287 - Denial of Capital Gain Treatment for Gains on Certain Obligations Not in Registered Form
§ 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

§ 1291 - Interest on Tax Deferral

Subpart B - Treatment of Qualified Electing Funds

§ 1293 - Current Taxation of Income From Qualified Electing Funds
§ 1294 - Election to Extend Time for Payment of Tax on Undistributed Earnings
§ 1295 - Qualified Electing Fund

Subpart C - Election of Mark to Market for Marketable Stock

§ 1296 - Election of Mark to Market for Marketable Stock

Subpart D - General Provisions

§ 1297 - Passive Foreign Investment Company
§ 1298 - Special Rules

Subchapter Q - Readjustment of Tax Between Years and Special Limitations

Part I - Income Averaging

§ 1301 - Averaging of Farm Income

Part II - Mitigation of Effect of Limitations and Other Provisions

§ 1311 - Correction of Error
§ 1312 - Circumstances of Adjustment
§ 1313 - Definitions
§ 1314 - Amount and Method of Adjustment

Part V - Claim of Right

§ 1341 - Computation of Tax Where Taxpayer Restores Substantial Amount Held Under Claim of Right

Part VII - Recoveries of Foreign Expropriation Losses

§ 1351 - Treatment of Recoveries of Foreign Expropriation Losses

Subchapter R - Election to Determine Corporate Tax on Certain International Shipping Activities Using Per Ton Rate

§ 1352 - Alternative Tax on Qualifying Shipping Activities
§ 1353 - Notional Shipping Income
§ 1354 - Alternative Tax Election; Revocation; Termination
§ 1355 - Definitions and Special Rules
§ 1356 - Qualifying Shipping Activities
§ 1357 - Items Not Subject to Regular Tax; Depreciation; Interest
§ 1358 - Allocation of Credits, Income, and Deductions
§ 1359 - Disposition of Qualifying Vessels

Subchapter S - Tax Treatment of S Corporations and Their Shareholders

Part I - In General

§ 1361 - S Corporation Defined
§ 1362 - Election; Revocation; Termination
§ 1363 - Effect of Election on Corporation

Part II - Tax Treatment of Shareholders

§ 1366 - Pass-thru of Items to Shareholders
§ 1367 - Adjustments to Basis of Stock of Shareholders, Etc.
§ 1368 - Distributions

Part III - Special Rules

§ 1371 - Coordination With Subchapter C
§ 1372 - Partnership Rules to Apply for Fringe Benefit Purposes
§ 1373 - Foreign Income
§ 1374 - Tax Imposed on Certain Built-in Gains
§ 1375 - Tax Imposed When Passive Investment Income of Corporation Having Accumulated Earnings and Profits Exceeds 25 Percent of Gross Receipts

Part IV - Definitions; Miscellaneous

§ 1377 - Definitions and Special Rule
§ 1378 - Taxable Year of S Corporation
§ 1379 - Transitional Rules on Enactment

Subchapter T - Cooperatives and Their Patrons

Part I - Tax Treatment of Cooperatives

§ 1381 - Organizations to Which Part Applies
§ 1382 - Taxable Income of Cooperatives
§ 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

§ 1385 - Amounts Includible in Patron's Gross Income

Part III - Definitions; Special Rules

§ 1388 - Definitions; Special Rules

Subchapter U - Designation and Treatment of Empowerment Zones, Enterprise Communities, and Rural Development Investment Areas

Part I - Designation

§ 1391 - Designation Procedure
§ 1392 - Eligibility Criteria
§ 1393 - Definitions and Special Rules

Part II - Tax-exempt Facility Bonds for Empowerment Zones and Enterprise Communities

§ 1394 - Tax-exempt Enterprise Zone Facility Bonds

Part III - Additional Incentives for Empowerment Zones

Subpart A - Empowerment Zone Employment Credit

§ 1396 - Empowerment Zone Employment Credit
§ 1397 - Other Definitions and Special Rules

Subpart B - Additional Expensing

§ 1397A - Increase in Expensing Under Section 179

Subpart C - Nonrecognition of Gain on Rollover of Empowerment Zone Investments

§ 1397B - Nonrecognition of Gain on Rollover of Empowerment Zone Investments

Subpart D - General Provisions

§ 1397C - Enterprise Zone Business Defined
§ 1397D - Qualified Zone Property Defined

Part IV - Incentives for Education Zones

§ 1397E - Credit to Holders of Qualified Zone Academy Bonds

Part V - Regulations

§ 1397F - Regulations

Subchapter V - Title 11 Cases

§ 1398 - Rules Relating to Individuals' Title 11 Cases
§ 1399 - No Separate Taxable Entities for Partnerships, Corporations, Etc.

Subchapter W - District of Columbia Enterprise Zone

§ 1400 - Establishment of Dc Zone
§ 1400A - Tax-exempt Economic Development Bonds
§ 1400B - Zero Percent Capital Gains Rate
§ 1400C - First-time Homebuyer Credit for District of Columbia

Subchapter X - Renewal Communities

Part I - Designation

§ 1400E - Designation of Renewal Communities

Part II - Renewal Community Capital Gain; Renewal Community Business

§ 1400F - Renewal Community Capital Gain
§ 1400G - Renewal Community Business Defined

Part III - Additional Incentives

§ 1400H - Renewal Community Employment Credit
§ 1400I - Commercial Revitalization Deduction
§ 1400J - Increase in Expensing Under Section 179

Subchapter Y - Short-term Regional Benefits

Part I - Tax Benefits for New York Liberty Zone

§ 1400L - Tax Benefits for New York Liberty Zone

Part II - Tax Benefits for Go Zones

§ 1400M - Definitions
§ 1400N - Tax Benefits for Gulf Opportunity Zone
§ 1400O - Education Tax Benefits
§ 1400P - Housing Tax Benefits
§ 1400Q - Special Rules for Use of Retirement Funds
§ 1400R - Employment Relief
§ 1400S - Additional Tax Relief Provisions
§ 1400T - Special Rules for Mortgage Revenue Bonds

Part III - Recovery Zone Bonds

§ 1400U-1 - Allocation of Recovery Zone Bonds
§ 1400U-2 - Recovery Zone Economic Development Bonds
§ 1400U-3 - Recovery Zone Facility Bonds

Last modified: October 26, 2015