Source: http://www.chanrobles.com/usa/uslaws/cfr/title26/26-10.0.1.1.1.0.2.24.php
Timestamp: 2020-01-22 14:26:48
Document Index: 286823238

Matched Legal Cases: ['§ 1', 'ART 1', '§ 1', '§ 1', '§1', '§1', '§1', '§1', '§1']

CHAN ROBLES VIRTUAL LAW LIBRARY : 26 C.F.R. § 1.926(a)-1 Distributions to shareholders.
United States> Code of Federal Regulations> Title 26 - Internal Revenue> PART 1--INCOME TAXES> § 1.926(a)-1 Distributions to shareholders.
26 C.F.R. § 1.926(a)-1 Distributions to shareholders.
(a) Treatment of distributions. [Reserved] For guidance, see §1.926(a)–1T(a).
(b) Order of distribution—(1) In general—(i) Distributions by a FSC received by a shareholder in a taxable year of the shareholder beginning before January 1, 1990. Any actual distribution to a shareholder by a FSC (all references to a FSC in this section shall include a small FSC and a former FSC) that is received by the shareholder in a taxable year of the shareholder beginning before January 1, 1990, and made out of earnings and profits shall be treated as made in the following order, to the extent thereof—
(ii) Distributions by a FSC received by a shareholder in a taxable year of the shareholder beginning after December 31, 1989. Any actual distribution to a shareholder by a FSC that is received by the shareholder in a taxable year beginning after December 31, 1989, and that is made out of earnings and profits shall be treated as made in the following order, to the extent thereof—
(2) Determination of earnings and profits. [Reserved] For guidance, see §1.926(a)–1T(b)(1).
(c) Definition of “former FSC”. [Reserved] For guidance, see §1.926(a)–1T(c).
(d) Personal holding company income. [Reserved] For guidance, see §1.926(a)–1T(d).
(e) Sale of stock if section 1248 applies. [Reserved] For guidance, see §1.926(a)–1T(e).