Source: https://www.law.cornell.edu/uscode/text/26/1060
Timestamp: 2016-05-04 01:44:02
Document Index: 11610654

Matched Legal Cases: ['§ 1060', '§\u202f641', '§\u202f1006', '§\u202f11323', '§\u202f13261', '§\u202f13261', '§\u202f13261', '§\u202f11323', '§\u202f11323', '§\u202f1006', '§\u202f1006', '§\u202f1006', '§\u202f641']

26 U.S. Code § 1060 - Special allocation rules for certain asset acquisitions | US Law | LII / Legal Information Institute
Special allocation rules for certain asset acquisitions
(a) General ruleIn the case of any applicable asset acquisition, for purposes of determining both—
(b) Information required to be furnished to SecretaryUnder regulations, the transferor and transferee in an applicable asset acquisition shall, at such times and in such manner as may be provided in such regulations, furnish to the Secretary the following information:
(c) Applicable asset acquisitionFor purposes of this section, the term “applicable asset acquisition” means any transfer (whether directly or indirectly)—
(d) Treatment of certain partnership transactionsIn the case of a distribution of partnership property or a transfer of an interest in a partnership—
(2) 10-percent ownerFor purposes of this subsection—
(Added Pub. L. 99–514, title VI, § 641(a), Oct. 22, 1986, 100 Stat. 2282; amended Pub. L. 100–647, title I, § 1006(h)(1), (2), (3)(B), Nov. 10, 1988, 102 Stat. 3410; Pub. L. 101–508, title XI, § 11323(a), (b)(1), Nov. 5, 1990, 104 Stat. 1388–464; Pub. L. 103–66, title XIII, § 13261(e), Aug. 10, 1993, 107 Stat. 539.)
1993—Subsec. (b)(1). Pub. L. 103–66, § 13261(e)(1), substituted “section 197 intangibles” for “goodwill or going concern value”.
Subsec. (d)(1). Pub. L. 103–66, § 13261(e)(2), substituted “section 197 intangibles” for “goodwill or going concern value (or similar items)”.
1990—Subsec. (a). Pub. L. 101–508, § 11323(a), inserted at end “If in connection with an applicable asset acquisition, the transferee and transferor agree in writing as to the allocation of any consideration, or as to the fair market value of any of the assets, such agreement shall be binding on both the transferee and transferor unless the Secretary determines that such allocation (or fair market value) is not appropriate.”
Subsecs. (e), (f). Pub. L. 101–508, § 11323(b)(1), added subsec. (e) and redesignated former subsec. (e) as (f).
1988—Subsec. (b)(3). Pub. L. 100–647, § 1006(h)(1), substituted “deems” for “may find”.
Subsec. (d). Pub. L. 100–647, § 1006(h)(2), added subsec. (d).
Subsec. (e). Pub. L. 100–647, § 1006(h)(3)(B), added subsec. (e).
Pub. L. 99–514, title VI, § 641(c), Oct. 22, 1986, 100 Stat. 2283, provided that: “The amendments made by this section [enacting this section and renumbering former section 1060 as 1061] shall apply to any acquisition of assets after May 6, 1986, unless such acquisition is pursuant to a binding contract which was in effect on May 6, 1986, and at all times thereafter.”
Class IV Assets : 2004-06-11
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 2003-01-10
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 2003-01-03
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 2002-10-25
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 2002-07-19
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 2002-05-10
Special Allocation Rules for Certain Asset Acquisitions : 2001-11-02
Class IV Assets : 2001-11-02
Other Special Rules : 2001-11-02
Adjusted Gross-Up Basis (AGUB) : 2001-11-02
Allocation of AGUB Among Target Assets : 2001-11-02
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 2001-06-08
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 2001-02-23
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 2001-02-16
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 2001-02-02
Special Allocation Rules for Certain Asset Acquisitions : 2000-12-01
Prepaid and Advance Income : 2000-12-01
Abandonment Losses : 2000-12-01
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 2000-10-20
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 2000-09-22
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 2000-09-08
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 2000-08-25
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 1999-12-31
Amortization of Goodwill & Certain Other Intangibles : 1999-11-05
General Rule for Taxable Year of Deduction (Year Paid v. Not Year Paid) : 1999-11-05