. Except as provided in paragraph (a) of this section, the following transactions are exempt from section 7872: (1) through (15) [Reserved] For further guidance, see §1.7872-5T(b)(1) through (15). (16) An exchange facilitator loan (within the meaning of

Except as otherwise provided in this section, the provisions of §25.6019-1 (other than paragraph (d) of §25.6019-1) apply with respect to the filing of a gift tax return or returns in the case of a husband and wife who consent (see

Gross income shall not include any special subsidy payment received under section 1860D–22 of the Social Security Act. Editorial Notes

the calendar year. (c) Cross referenceFor individual's right to be furnished on request a statement regarding any valuation made by the Secretary of a gift by that individual, see section 7517.

(a) In generalThe Secretary shall require any person claiming tax benefits— (1) under the provisions of sections 34, 40, and 40A, to file a return at the time such person claims such benefits (in such manner as the Secretary may prescribe), and (2) under the

Prior Provisions A prior section 5311, act Aug. 16, 1954, ch. 736, 68A Stat. 658, related to importation of alcohol for industrial purposes, prior to the general revision of

In addition to the operations described in section 5352, the proprietor of a taxpaid wine bottling house may, subject to regulations issued by the Secretary, on such premises mix wine of the same kind and taxable grade to facilitate handling; preserve, filter, or clarify wine; and conduct operations not involving wine where such operations will not

the Secretary may by regulations prescribe. Editorial Notes Prior Provisions A prior section 5368, act

shall in its discretion direct. Editorial Notes Prior Provisions A prior section 5610, act

(a) Unlawful productionAny person who brews beer or produces beer shall be fined not more than $1,000, or imprisoned not more than 1 year, or both, unless such beer is brewed or produced in a brewery qualified under subchapter G or such production is exempt from tax under section 5053(e) (relating to beer for personal or family use

Editorial Notes Amendments 1976—Pub. L. 94–455 struck out reference to stamps in the section catchline and in the text and struck out provisions which had enumerated violations involving the misuse of tax stamps. 1958

(a)-(a)(2)(i) [Reserved]. For further information, see §1.884-2T(a) through (a)(2)(ii). (a) (2) (ii) Waiver of period of limitations. The waiver referred to in

(a) In general. This section sets forth transition rules for a QBU that used the dollar approximate separate transactions method of accounting set forth in §1.985-3 or §1.985-3T (as contained in the April 1, 1989 edition of 26 CFR part 1 (1.908 to 1.1000)) for its first taxable year beginning in 1987 (DASTM QBU). A DASTM QBU must

(a) Introduction. Title 26 U.S.C. 7610 provides that the Bureau may make payments to certain persons who are summoned to give information to the Bureau under 26 U.S.C. 7602 and

(a) Bonds must be registered to be tax exempt (1) General ruleNothing in section 103(a) or in any other provision of law shall be construed to provide an exemption from Federal income tax for interest on any registration-required bond unless such bond is in registered form.

(a) Securities. Even though a notice of a lien imposed by 26 U.S.C. 6321 is filed in accordance with §70.148 of this part, the lien is not valid with respect to a security (as defined in

(a) Allocations of proceeds to expenditures, projects, and uses in general—(1) Allocations to expenditures. The allocations of proceeds and other sources of funds to expenditures under §1.148-6(d) apply for purposes of

statement of the partner's share of any adjustment to a partnership-related item (as determined in the notice of final partnership adjustment), section 6225 shall not apply with respect to such underpayment (and no assessment of tax, levy, or proceeding in any court for the collection of such underpayment shall be made against such partnership) and each such partner shall

, or excess profits taxes paid or accrued to any foreign country or possession of the United States which is attributable to income excluded under subsection (a) shall be taken into account for purposes of subpart A of part III of subchapter N (relating to foreign tax credit) or allowable as a deduction. (2) United States source income allocable to contiguous country branchFor purposes of

classification of this Act to the Code, see Short Title note set out under section 5121 of Title 42 and Tables. Prior Provisions A prior section 5064, act

that identifies the interest, including the name and address of the foreign entity in which the interest is held; (5) The maximum value of the specified foreign financial asset during the portion of the taxable year in which the specified person has an interest in the asset; (6) In the case of a financial account that is a depository account as defined in

(a) In general. (1) A person that is liable for tax under §41.4481-2(a)(1)(i)(A), (B), or (C) must file a return for the taxable period with respect to the tax imposed by section 4481. (2) A person that is liable for tax under

(a) Definitions. For purposes of §§1.267A-1 through 1.267A-7 the following definitions apply. (1) The term accounting period means a taxable year, or a period of similar length over which, under a provision of hybrid mismatch rules substantially similar to

(1) Qualified planThe term "qualified plan" means any plan meeting the requirements of section 401(a) or 403(a), other than— (A) a plan maintained by an employer if such employer has, at all times, been exempt from tax under subtitle A, or (B) a governmental plan (within the meaning of

/investment use of an employer-provided vehicle under §1.274-5T, may treat all use of the vehicle as business/investment use if the following conditions are met— (A) The vehicle is owned or leased by the employer and is provided to one or more employees for use in connection with the employer's trade or business, (B) When the

(a) General rule. A foreign corporation satisfies the stock ownership test of §1.883-1(c)(2) if it satisfies the qualified U.S. person ownership test in paragraph (b) of this section and the substantiation and reporting requirements of paragraphs (c) and (d) of this section, respectively. A foreign corporation that fails the

(a) Requirement of reporting—(1) In general. An information return on Form 1099 shall be made under section 6042(a) by— (i) Every person who makes a payment of dividends (as defined in §1.6042-3) to any other person during a calendar year. The information