Preface The enactment of the Internal Revenue Code of 1954, August 16, 1954, gave rise to a unique problem in the codification of the rules and regulations of the Internal Revenue Service. To accommodate rules and regulations implementing the new Internal Revenue Code, a new title was established in the Code of Federal Regulations entitled "Title 26-Internal Revenue, 1954," designed to replace "Title 26-Internal Revenue" contained in the 1949 Edition. However, since many of the regulations implementing the Internal Revenue Code of 1954 had not been issued by the end of 1954, it was decided to publish both titles as of January 1, 1955, and for the same reason, it was necessary to continue publication of both titles as of January 1, 1956, 1957, 1958, 1959, and 1960. This book, therefore, is one of six volumes containing all of the rules and regulations constituting Title 26—Internal Revenue, 1954, including temporary rules relating to income tax and administrative matters, issued pursuant to the Internal Revenue Code of 1954, fully promulgated during 1954-1959, and effective as to the facts arising on and after January 1, 1960. In addition to this book, pocket supplements have been published for the existing volumes of Title 26-Internal Revenue, containing changes and additions to the regulations issued pursuant to the Internal Revenue Code of 1939 which were in force and effect on December 31, 1959. Current regulatory material appearing in the daily issues of the Federal Register follows the numbering system used in this book, and serves as a daily supplement hereto. The book contains a list of sections affected which furnishes citations to all changes in Parts 20 to 169, that took place during 1954-1959. A subject index covering all of the material in Title 26 Internal Revenue, 1954, will be found in the volume containing Part 300 to End. This book is published pursuant to Part 30 of the regulations of the Administrative Committee to the Federal Register, approved March 20, 1959 (24 F.R. 2352; 1 CFR Part 30), under the authority contained in section 11(f) of the Federal Register Act as amended (67 Stat. 388; 44 U.S.C. 311(f)). The contents of the Federal Register and of the Code of Regulations are by law prima facie evidence of the text of the original documents and are required to be judicially noticed (49 Stat. 502, 67 Stat. 388; 44 U.S.C. 307, 311(e)). The approved citation of the Code is "CFR." Thus the citation 26 CFR 20.0-1 refers to section 20.0-1 of this title. A General Preface to the Code of Federal Regulations appears in the volume containing Titles 1-3 and also in the General Index volume. D. C. EBERHART January 4, 1960. The following volumes of the Code of Federal Regulations have been revised since publication of the 1949 Edition. The list indicates the latest revision date, and includes volumes revised as of January 1, 1960: Table of Titles and Chapter Headings Chap. Title 1-General Provisions I Administrative Committee of the Federal Register Title 2-The Congress Table of statutory authorities and statutes interpreted or applied Title 3-The President I Proclamations (tabulation) II Executive orders (tabulation) III Presidential documents other than Proclamations and Executive orders (tabulation) Title 4-Accounts I General Accounting Office Title 5-Administrative Personnel I Civil Service Commission II Employment and Compensation in the Canal Zone III Foreign and Territorial Compensation IV The President's Committee on Government Employment Policy VI Department of Defense Title 6-Agricultural Credit I Farm Credit Administration II Rural Electrification Administration, Department of Agriculture V Agricultural Marketing Service, Department of Agriculture Title 7-Agriculture SUBTITLE A-Office of the Secretary of Agriculture Chap. I Agricultural Marketing Service (Standards, Inspections, Marketing Practices), Department of Agriculture II Agricultural Marketing Service (School Lunch Program), Department of Agriculture III Agricultural Research Service, Department of Agriculture IV Federal Crop Insurance Corporation, Department of Agriculture VIII Commodity Stabilization Service (Sugar), Department of Agriculture IX Agricultural Marketing Service (Marketing Agreements and XI Agricultural Conservation Program Service, Department of Agri- XII Agricultural Marketing Service (Agricultural Statistics), Department of Agriculture Title 8-Aliens and Nationality I Immigration and Naturalization Service, Department of Justice Title 9-Animals and Animal Products I Agricultural Research Service, Department of Agriculture Title 10-Atomic Energy I Atomic Energy Commission Title 11-Bankruptcy (No regulations assigned to this title) Title 12-Banks and Banking I Bureau of the Comptroller of the Currency, Department of the II Federal Reserve System III Federal Deposit Insurance Corporation IV Export-Import Bank of Washington V Federal Home Loan Bank Board Title 13-Business Credit and Assistance I Small Business Administration Chap. I Federal Aviation Agency II Civil Aeronautics Board III Federal Aviation Agency V National Aeronautics and Space Administration Title 15-Commerce and Foreign Trade SUBTITLE A-Office of the Secretary of Commerce SUBTITLE B-Regulations Relating to Commerce and Foreign I Bureau of the Census, Department of Commerce II National Bureau of Standards, Department of Commerce IV Foreign-Trade Zones Board V Weather Bureau, Department of Commerce VI Business and Defense Services Administration, Department of VII Committee for Reciprocity Information VIII Office of Business Economics, Department of Commerce Title 16-Commercial Practices I Federal Trade Commission Title 17-Commodity and Securities Exchanges I Commodity Exchange Authority (Including Commodity Exchange Commission), Department of Agriculture II Securities and Exchange Commission Title 18-Conservation of Power I Federal Power Commission II Tennessee Valley Authority Title 19-Customs Duties I Bureau of Customs, Department of the Treasury Title 20-Employees' Benefits Bureau of Employees' Compensation, Department of Labor II Railroad Retirement Board III Bureau of Old Age and Survivors Insurance, Social Security |