(a) In general. If a taxpayer makes the election described in paragraph (b) of §1.9004-1, he shall be deemed to have consented to the application of the Act with respect to all the clay and shale described in that paragraph for all taxable years for which the election is effective whether or not the taxpayer is litigating the

) Individual and firm allocation. (4) Examples. (g) Effective/applicability date. §1.6694-2   Penalty for understatement due to an unreasonable position. (a) In general. (1) Proscribed conduct. (2) Special rule for corporations, partnerships, and other firms. (b) Reasonable to believe that the position would more likely than not be sustained

(a) General ruleNotwithstanding any other provision of law, any individual who— (1) applies for a United States passport (or a renewal thereof), or (2) applies to be lawfully accorded the privilege of residing permanently in the United States as an immigrant in accordance with the immigration laws, shall include with any

(a) In general. Tax is not imposed by section 4051 on the sale of an article for resale or leasing in a long-term lease if, by the time of sale, the seller has in good faith accepted from the buyer a statement that the buyer executed in good faith and that is in substantially the same form, and subject to the same conditions, as the certificate described in

Aug. 16, 1954, ch. 736, 68A Stat. 684, related to penalty for improper approval of distiller's bond, prior to the general revision of this chapter by Pub. L. 85–859. See section 7214 of this title. Provisions similar to those comprising this section were contained in prior

section 38 of the Arms Export Control Act (22 U.S.C. 2778)" for "section 414 of the Mutual Security Act of 1954".

disclaiming by a transfer made after December 31, 1976. In general, a qualified disclaimer is an irrevocable and unqualified refusal to accept the ownership of an interest in property. For rules relating to the determination of when a transfer creating an interest occurs, see §25.2518-2(c) (3) and (4). (2) Example. The provisions of

26 U.S.C. 53, relating to machine guns, destructive devices, and certain other firearms; and the regulations thereunder, on or before the date prescribed for filing (determined with regard to any extension of time for such filing), there shall be added to the tax required to be shown on the return the amount specified below unless the failure to file the return within the prescribed time is shown to the satisfaction of the appropriate TTB officer to be due to reasonable

Other forfeiture rules—(i) Withdrawal of mandatory contributions. For rules allowing forfeitures on account of the withdrawal of mandatory contributions, see §1.411(a)-7(d) (2) and (3). (ii) Additional requirements. For additional requirements relating to

(a) General ruleFor purposes of section 38, the renewable electricity production credit for any taxable year is an amount equal to the product of— (1) 0.3 cents, multiplied by (2) the kilowatt hours of electricity— (A) produced by

For provisions relating to the extension of time for payment of estate tax on value of reversionary or remainder interest in property, see §20.6163-1 of this chapter (Estate Tax Regulations).

(a) In general. Capitalization of interest is required under §1.263A-9 for computation periods (within the meaning of §1.263A-9(f)(1)) that include the production period of a unit of designated property. In contrast, section 263A

A private coast station or marine utility station using telephony must: (a) Not be used for public correspondence; (b) Not be used to transmit program material for radio broadcasting; and (c) Not be used to transmit press material or news items which are not required to serve the needs of ships.

section 401 solely by reason of such transfer (or any other action authorized under this section), (2) no amount shall be includible in the gross income of the employer maintaining the plan solely by reason of such transfer, (3) such transfer shall not be treated— (A) as an employer reversion for purposes of

this title, the United States shall be liable to the plaintiff for damages. The plaintiff has a duty to mitigate damages. The total amount of damages recoverable under this section is the lesser of $1,000,000 ($100,000 in the case of negligence), or the sum of— (1) Actual, direct economic damages as defined in §301.7433-1(b) sustained as a proximate result of the

(a) In generalFor purposes of this chapter, the generation to which any person (other than the transferor) belongs shall be determined in accordance with the rules set forth in this section. (b) Lineal descendants (1) In generalAn individual who is a lineal descendant of a grandparent of the transferor shall be assigned to that

(a) Any person who, after December 1, 1990, ships to the United States any distilled spirits on which the tax has been or is to be paid or determined at an effective tax rate based in part on the alcohol content derived from any eligible flavor not previously approved on TTB Form 5530.5 (1678) or 5150.19 shall, before the first tax determination at that rate, request and receive a statement of eligibility for each flavor to be used in the computation of the effective

(a) Any person who, after December 1, 1990, brings into the United States from the Virgin Islands any distilled spirits on which the tax is to be paid or determined at an effective tax rate based in part on the alcohol content derived from eligible flavors or eligible wines shall, before the first tax determination at that rate, request and receive a statement of eligibility for each wine or flavor to be used in the computation of the effective tax rate.

This section lists the table of contents for §1.162(l)-1. §1.162(l)-1   Deduction for health insurance costs of self-employed individuals.

(a)-(e)(4) [Reserved] (5) Exclusion for certain recourse obligations. For purposes of §1.956-1(e)(1) of the regulations, in the case of an investment in United States property consisting of an obligation of a related person, as defined in section 954(d)(3) and paragraph (f) of

5 U.S.C. 5514, 26 U.S.C. 6402, 31 U.S.C. 3711 and 3716, the FCCS, 5 CFR 550.1108, and 31 CFR part 285. (c) The Commission may transfer any past due, legally enforceable nontax debt that has been delinquent for fewer than 180 days to the Department of Treasury