spouse, (B) in which the donee spouse has a qualifying income interest for life, and (C) to which an election under this subsection applies. (3) Certain rules made applicableFor purposes of this subsection, rules similar to the rules of clauses (ii), (iii), and (iv) of section 2056(b

(a) General rule. If a United States person recognizes gain upon the sale or exchange of a share (or block) of stock of a domestic corporation which was formed or availed of principally for the holding, directly or indirectly, of stock of one or more foreign corporations, and if the conditions of paragraph (a)(2) of §1.1248-1

, subsections (f) and (d) of section 1375 (as in effect before the enactment of the Subchapter S Revision Act of 1982) shall continue to apply with respect to distributions of undistributed taxable income for any taxable year beginning before January 1, 1983. (d) CarryforwardsIf a corporation was an electing small business corporation for the last preenactment

section 164(d)(1)(B). (B) Whether or not the financing (if any) of the seller was federally-subsidized indebtedness (as defined in section 143(m)(3)). (5) Exception for sales or exchanges of certain principal residences (A

(b) PenaltiesFor penalties applicable to forcible obstruction or hindrance of Treasury officers or employees in the performance of their duties, see section 7212. Editorial Notes

duties. (c) PenaltiesFor penalty for refusal to permit entry or examination, see section 7342. Editorial Notes

(a) In general. In the case of a taxpayer computing the deduction for depletion under section 611 with respect to minerals on the basis of a percentage of gross income from the property, as defined in section 613(c) and §§1.613-3 and 1.613-4, the deduction shall be the percentage of the gross income as specified in section 613(b

(a) Group health planFor purposes of this chapter, the term "group health plan" has the meaning given to such term by section 5000(b)(1). (b) Definitions relating to health insuranceFor purposes of this chapter— (1) Health insurance coverage

Editorial Notes Amendments 1993—Pub. L. 103–66 substituted "any taxable fuel (as defined in section 4083)" for "gasoline".

(a) For estates and trusts—(1) In general. Every fiduciary, or at least one of joint fiduciaries, must make a return of income on form 1041 (or by use of a composite return pursuant to §1.6012-5) and attach the required form if the estate or trust has items of tax preference (as defined in

occurring within 2 years after the first day of the first period with respect to which contributions are required; (3) all money received in the unemployment fund shall (except for refunds of sums erroneously paid into such fund and except for refunds paid in accordance with the provisions of section 3305(b)) immediately upon such receipt be paid over to the Secretary of

made and for the taxable year or years with respect to which such adjustment was made. The amount of such adjustment is thus to be assessed and collected under the law and regulations applicable to the assessment and collection of deficiencies, subject, however, to the limitations imposed by §1.1314(c)-1. Notice of deficiency, unless waived, must be issued with respect to such amount or

(d) Permits (1) RequirementsEach person required to file an application for registration under subsection (c) whose distilled spirits operations (or any part thereof) are not required to be covered by a basic permit under the Federal Alcohol Administration Act (27 U.S.C. secs. 203 and 204) shall, before commencing the operations (or

§1.144-2, sections 150(b) (3) through (5) do not apply during the period between that date and the date on which the nonqualified bonds are redeemed. (ii) Alternative qualifying use of facility. If a bond-financed facility is used for an alternative qualifying use under §§1.145-2

proprietor shall, pursuant to such production gauge and in accordance with such regulations as the Secretary shall prescribe, make appropriate entry for— (1) deposit of such spirits on bonded premises for storage or processing; (2) withdrawal upon determination of tax as authorized by law; (3) withdrawal under the provisions of

Over $1,000,000 $345,800, plus 40 percent of the excess of such amount over $1,000,000. (d) Adjustment for gift tax paid by spouseFor purposes of subsection (b)(2), if— (1) the decedent was the donor of any gift one-half of which was considered under section 2513 as made by the

(a) Carryover and carryback of consolidated net operating losses to separate return years. For losses arising in consolidated return years beginning before January 1, 1997, see §1.1502-79A(a). For later years, see §1.1502-21(b

(a) Cross references. For provisions relating to tax-free sales of articles referred to in section 4071, see: (1) Section 4221, relating to certain tax-free sales, and the regulations thereunder in subpart H; (2) Section 4222, relating to registration, and the regulations thereunder in subpart H; (3) Section 4223, relating to

and executed on TTB Form 5154.3, Bond for Drawback Under 26 U.S.C. 5111, in accordance with the provisions of this part and the instructions printed on the form. (c) Bonds executed before July 1, 2008. On and after July 1, 2008, a reference to

If any taxable event is corrected during the correction period for the event, then any second tier tax imposed with respect to the event shall not be assessed. If the tax has been assessed, it shall be abated. If the tax has been collected, it shall be credited or refunded as an overpayment. For purposes of this section, the tax imposed includes interest, additions to the tax and additional amounts. For definitions of the terms second tier tax, taxable event

(a) In general. Except as indicated in paragraph (b) of this section, §§301.7701(b)-1 through 301.7701(b)-7 apply to taxable years beginning after December 31, 1984. For the rules applicable to earlier taxable years, see