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Title 26

Internal Revenue

(This book contains Part 1, $$ 1.301 to 1.400)

Part

CHAPTER — Internal Revenue Service, Department of the Treasury (Continued). . . . . . . . . . .

. . . . . . . .

CHAPTER INTERNAL REVENUE SERVICE,
DEPARTMENT OF THE TREASURY

(Continued)
(Part 1, 88 1.301 to 1.400)

SUBCHAPTER A--INCOME TAX

Part

1

Income tax; taxable years beginning after December 31, 1953 (Continued)

Supplementary Publication: Internal Revenue Service Looseleaf Regulations System.

Additional supplementary publications are issued covering Alcohol and Tobacco Tas Regulations, and Regulations Under Tax Conventions.

SUBCHAPTER A-INCOME TAX (Continued)

PART 1-INCOME TAX; TAXABLE YEARS BEGINNING AFTER DECEMBER 31,

1953 (Continued)
Normal Taxes and Surtaxes (Continued)

CORPORATE DISTRIBUTIONS AND ADJUSTMENTS
DISTRIBUTIONS BY CORPORATIONS

EFFECTS ON RECIPIENTS Soc. 1.301 Statutory provisions; distributions of property. 1.301-1 Rules applicable with respect to distributions of money and other property. 1.302 Statutory provisions; distributions in redemption of stock. 1.302–1 General. 1.302–2 Redemptions not taxable as dividends. 1.302–3 Substantially disproportionate redemption. 1.302-4 Termination of shareholder's interest. 1.303 Statutory provisions; distributions in redemption of stock to pay death taxes. 1.303-1 General. 1.303-2 Requirements. 1.303–3 Application of other sections. 1.304 Statutory provisions; redemption through use of related corporations. 1.304-1 General. 1.304–2 Acquisition by related corporation (other than subsidiary). 1.304–3 Acquisition by a subsidiary. 1.305 Statutory provisions; distributions of stock and stock rights. 1.305–1 Stock dividends. 1.305–2 Election of shareholders as to medium of payment. 1.305–3 Distributions in discharge of preference dividends. 1.306 Statutory provisions; dispositions of certain stock. 1.306–1 General. 1.306–2 Exception. 1.306–3 Section 306 stock defined.

Soc.
1.307 Statutory provisions; basis of stock and stock rights acquired in distributions.
1.307-1 General.
1.307-2 Exception.

EFFECTS ON CORPORATION
1.311 Statutory provisions; taxability of corporation on distribution.
1.311-1 General.
1.312 Statutory provisions; effect on earnings and profits.
1.312-1 Adjustment to earnings and profits reflecting distributions by corporations.
1.312-2 Distribution of inventory assets.
1.312–3 Liabilities.
1.312-4 Examples of adjustments provided in section 312(c).
1.312-5 Special rule for partial liquidations and certain redemptions.
1.312-6 Earnings and profits.
1.312–7 Effect on earnings and profits of gain or loss realized after February 28,

1913. 1.312-8 Effect on earnings and profits of receipt of tax-free distributions requiring

adjustment or allocation of basis of stock. 1.312-9 Adjustments to earnings and profits reflecting increase in value accrued

before March 1, 1913. 1.312-10 Allocation of earnings in certain corporate separations. 1.312-11 Effect on earnings and profits of certain other tax-free exchanges, tax-free

distributions, and tax-free transfers from one corporation to another. 1.312–12 Distributions of proceeds of loans guaranteed by the United States.

DEFINITIONS; CONSTRUCTIVE OWNERSHIP OF STOCK 1.316 Statutory provisions; dividend defined. 1.316-1 Dividends. 1.316–2 Sources of distribution in general. 1.317 Statutory provisions; other definitions. 1.317-1 Property defined. 1.318 Statutory provisions; constructive ownership of stock. 1.318_1 Constructive ownership of stock; introduction. 1.318-2 Application of general rules. 1.318-3 Estates, trusts, and options. 1.318–4 Constructive ownership as actual ownership; exceptions.

CORPORATE LIQUIDATIONS

EFFECTS ON RECIPIENTS 1.331 Statutory provisions; gain or loss to shareholders in corporate liquidations. 1.331-1 Corporate liquidations. 1.332 Statutory provisions; complete liquidations of subsidiaries. 1.332-1 Distributions in liquidation of subsidiary corporation; general. 1.332-2 Requirements for nonrecognition of gain or loss. 1.332–3 Liquidations completed within one taxable year. 1.332-4 Liquidations covering more than one taxable year. 1.332-5 Distributions in liquidation as affecting minority interests. 1.332-6 Records to be kept and information to be filed with return. 1.332-7 Indebtedness of subsidiary to parent. 1.333 Statutory provisions; election as to recognition of gain in certain liquida

tions. 1.333-1 Corporate liquidations in some one calendar month. 1.333-2 Qualified electing shareholder. 1.333-3 Making and filing of written elections. 1.333_4 Treatment of gain. 1.333-5 Special rule for treatment of gain. 1.333–6 Records to be kept and information to be filed with return. 1.334 Statutory provisions; basis of property received in liquidations. 1.334-1 Basis of property received in liquidations. 1.334-2 Property received in liquidation under section 333.

EFFECTS ON CORPORATION 1.336 Statutory provisions; general rule. 1.336-1 General rule on liquidation of corporation. 1.337 Statutory provisions; gain or loss on sales or exchanges in connection with

certain Uquidations.

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Sec.
1.337-1 General.
1.337-2 Sales or exchanges within the scope of section 337.
1.337–3 Property defined.
1.3374 Limitation of gain.
1.337-5 Special rule for certain minority shareholders.
1.337-6 Information to be filed.
1.338 Statutory provisions; effect on earnings and profits.

COLLAPSIBLE CORPORATIONS; FOREIGN PERSONAL HOLDING COMPANIES 1.341 Statutory provisions; collapsible corporations. 1.341-1 Collapsible corporations; in general. 1.341-2 Definitions. 1.341-3 Presumptions. 1.3414 Limitations on application of section. 1.341-5 Application of section. 1.341-6 Exceptions to application of section. 1.342 Statutory provisions; liquidation of certain foreign personal holding com

panies. 1.342–1 General.

DEFINITION 1.346 Statutory provisions; partial liquidation defined. 1.346–1 Partial liquidation. 1.346-2 Treatment of certain redemptions. 1.346–3 Effect of certain sales.

CORPORATE ORGANIZATIONS AND REORGANIZATIONS

CORPORATE ORGANIZATIONS 1.351 Statutory provisions; transfer to corporation controlled by transferor. 1.351-1 Transfer to corporation controlled by transferor. 1.351-2 Receipt of property. 1.351-3 Records to be kept and information to be filed.

EFFECTS ON SHAREHOLDERS AND SECURITY HOLDERS 1.354 Statutory provisions; exchanges of stock and securities in certain reorganiza

tions. 1.354-1 Exchanges of stock and securities in certain reorganizations. 1.355 Statutory provisions; distribution of stock and securities of a controlled

corporation. 1.355–1 Distribution of stock and securities of controlled corporation. 1.355-2 Limitations. 1.355-3 Non pro rata distributions, etc. 1.355-4 Active conduct of a trade or business. 1.355-5 Records to be kept and information to be filed. 1.356 Statutory provisions; receipt of additional consideration, 1.356-1 Receipt of additional consideration in connection with an exchange. 1.356_2 Receipt of additional consideration not in connection with an exchange. 1.356–3 Rules for treatment of securities as “other property". 1.356-4 Exchanges for section 306 stock. 1.356–5 Transactions involving gift or compensation. 1.357 Statutory provisions; assumption of liability. 1.357-1 Assumption of liability. 1.357-2 Liabilities in excess of basis. 1.358 Statutory provisions; basis to distributees. 1.358-1 Basis to distributees. 1.358-2 Allocation of basis among nonrecognition property. 1.358-3 Treatment of assumption of liabilities. 1.358-4 Exception.

EFFECTS ON CORPORATION 1.361 Statutory provisions; nonrecognition of gain or loss to corporations. 1.361-1 Nonrecognition of gain or loss to corporations. 1.362 Statutory provisions; basis to corporations. 1.362-1 Basis to corporations. 1.362-2 Certain contributions to capital. 1.363 Statutory provisions; effect on earnings and profits.

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