section 1314. (b) Conditions necessary for adjustment (1) Maintenance of an inconsistent positionExcept in cases described in paragraphs (3) (B) and (4) of section 1312, an adjustment shall be made under this part only if—

In addition to other taxes imposed by this chapter, there is hereby imposed for each taxable year on the accumulated taxable income (as defined in section 535) of each corporation described in section 532, an accumulated earnings tax equal to 20 percent of the

(a) First tier taxFor purposes of this subchapter, the term "first tier tax" means any tax imposed by subsection (a) of section 4941, 4942, 4943, 4944, 4945, 4951, 4952, 4955, 4958, 4966, 4967, 4971, or 4975. (b) Second tier taxFor purposes of this subchapter, the term "second tier

§31.6011(a)-4 or §31.6011(a)-5 shall also be used as the transmittal form for a return on Form W-2 made pursuant to the provisions of this section. (2) Definitions. Terms used in subparagraph (a)(1) of this section and in section 79 and the

(determined without regard to this paragraph but with regard to paragraph (1)) as— (i) the amount (if any) by which the taxpayer's adjusted gross income exceeds $150,000, bears to (ii) $40,000. (B) Determination of adjusted gross incomeFor purposes of subparagraph (A), adjusted gross income shall be determined without regard to

For provisions requiring recordkeeping by wholesale liquor dealers, see section 5121, and by retail liquor dealers, see section 5122.

make returns in regard thereto by the regulations hereinafter provided for, shall render a true and accurate return to the Secretary, under such regulations and in such form and manner and to such extent as may be prescribed by the Secretary, setting forth the amount of such gains, profits, and income (including a separate accounting of any such amounts reasonably designated as cash tips and the occupation described in

(1) For certain distributions by a corporation which are applied in reduction of basis of stock, see section 301(c)(2). (2) For basis in case of construction of new vessels, see chapter 533 of title 46, United States Code.

(a) Criteria for establishment. As a general rule, if a person intends to establish a bonded warehouse, other than one established on the bonded premises of a distilled spirits plant qualified for the production of spirits or contiguous to such premises, the proposed warehouse must have a minimum capacity of 250,000 wine gallons of bulk spirits and the need for such a warehouse must be clearly shown. TTB may consider an

credit allowable for the recovered amount did not reduce the amount of tax imposed by this chapter. (3) Exception for investment tax credit and foreign tax creditThis subsection shall not apply with respect to the credit determined under section 46 and the foreign tax credit. (c) Treatment of carryovers

(a) Addition to the taxExcept as otherwise provided in this section, in the case of any underpayment of estimated tax by an individual, there shall be added to the tax under chapter 1, the tax under chapter 2, and the tax under chapter 2A for the taxable year an amount determined by applying— (1) the underpayment rate established under

(a) General ruleFor purposes of section 831(b), the term "taxable investment income" means the gross investment income, minus the deductions provided in subsection (c). (b) Gross investment incomeFor purposes of subsection (a), the term "gross investment income" means the sum of the

§301.6225-1(f)(1)) or are associated with an imputed underpayment for which the partnership makes an election under §301.6227-2(c). Each reviewed year partner receiving a statement furnished in accordance with §301.6227-1(d) must take into account adjustments reflected in

(a) Initial taxIf at any time during any taxable year an employer maintains a plan to which section 412 applies, there is hereby imposed for the taxable year a tax equal to— (1) in the case of a single-employer plan, 10 percent of the aggregate unpaid minimum required contributions for all plan years

(a) General rule (1) TrustsA trust which is a part of a pension, profitsharing, or stock bonus plan shall not constitute a qualified trust under section 401(a) if— (A) in the case of a defined benefit plan, the plan provides for the payment of

(a) In generalFor purposes of this title— (1) a qualified long-term care insurance contract shall be treated as an accident and health insurance contract, (2) amounts (other than policyholder dividends, as defined in section 808, or premium refunds) received under a

(a) Time for bringing judicial action. An action for judicial review described in 26 U.S.C. 7429(b) may be instituted by the taxpayer during the period beginning on the earlier of: (1) The date of the reviewing officer notifies the taxpayer of the determination described in

(EPA) is proposing to approve a State Implementation Plan (SIP) revision submitted by the State of Tennessee, through the Tennessee Department of Environment and Conservation (TDEC), through a letter dated February 26, 2020. Specifically, EPA is proposing to approve the removal of Tennessee's inspection and maintenance (I/M) program requirements for Hamilton County from the federally approved SIP. EPA is proposing to approve the removal of the I/M program requirements for Hamilton County from the

(a) General ruleNotwithstanding section 263, all expenditures (other than expenditures for the purchase of land or depreciable property or for the acquisition of circulation through the purchase of any part of the business of another publisher of a newspaper, magazine, or other periodical) to establish, maintain, or increase the

(a) Addition to taxExcept as otherwise provided in this section, in the case of any underpayment of estimated tax by a corporation, there shall be added to the tax under chapter 1 for the taxable year an amount determined by applying— (1) the underpayment rate established under section 6621,

(a) Scope. This section applies to a foreign section 381 transaction (as defined in §1.367(b)-7(a)) either— (1) That is described in section 368(a)(1)(F); or (2) That involves— (i) At least one foreign corporation that

(a) Scope. This section provides rules for applying §1.385-3 to members of consolidated groups. Paragraph (b) of this section sets forth rules concerning the extent to which, solely for purposes of applying §1.385-3, members of a

to a foreign corporation or entity that has no office or place of business in the United States. (b) Deposits by electronic funds transfer. For the requirement to deposit corporation income and estimated income taxes and certain taxes of tax-exempt organizations by electronic funds transfer, see §31.6302-1(h) of this chapter

if the election to defer such compensation is made and becomes irrevocable not later than the latest date permitted in this paragraph (a). An election will not be considered to be revocable merely because the service provider or service recipient may make an election to change the time and form of payment pursuant to paragraph (b) of this section, or the service recipient may accelerate the time of payment pursuant to

§1.902-1(a) (3)(i) and (4), respectively). In the case of interest received by a foreign corporation from another foreign corporation, this paragraph (c)(2) applies if the taxes of both foreign corporations would be deemed paid under section 902 (a) or (b) for purposes of applying section 902(a) to the same taxpayer which is a domestic corporation. In the case of interest received by any corporation (whether foreign or domestic), all members of an affiliated group filing a