Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section6167&num=0&edition=prelim
Timestamp: 2020-08-07 21:34:46
Document Index: 474021145

Matched Legal Cases: ['§ 6167', '§1', '§7', '§1902', '§2006', '§1906', '§7']

[USC02] 26 USC 6167: Extension of time for payment of tax attributable to recovery of foreign expropriation losses
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26 USC 6167: Extension of time for payment of tax attributable to recovery of foreign expropriation losses Text contains those laws in effect on August 6, 2020
(2) during any taxable year before the tax attributable to such recovery is paid in full-
(3) the amount of money received on such sale or exchange (reduced by the amount of the tax imposed under chapter 1 with respect to such sale or exchange), when added to the amount of money-
For purposes of this section, the tax attributable to a recovery of a foreign expropriation loss is the sum of-
(1) Security.-For authority of the Secretary to require security in the case of an extension under this section, see section 6165.
(2) Period of limitation.-For extension of the period of limitation in the case of an extension under this section, see section 6503(e).
(Added Pub. L. 89–384, §1(d), Apr. 8, 1966, 80 Stat. 102 ; amended Pub. L. 93–625, §7(d)(2), (3), Jan. 3, 1975, 88 Stat. 2115 ; Pub. L. 94–455, title XIX, §§1902(b)(2)(B), 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1806 , 1834; Pub. L. 114–41, title II, §2006(a)(2)(D), July 31, 2015, 129 Stat. 457 .)
2015-Subsecs. (a), (c). Pub. L. 114–41 substituted "fourth month" for "third month" in concluding provisions.
1976-Subsecs. (a), (b), (d), (e), (g). Pub. L. 94–455, §1906(b)(13)(A), struck out "or his delegate" after "Secretary".
1975-Subsec. (e). Pub. L. 93–625, §7(d)(2), struck out provision that in applying section 6601(j) (relating to the application of the 4-percent interest rate in the case of recoveries of foreign expropriation losses to which this section applies) in the case of a deficiency, the entire amount which was prorated to installments under this section shall be treated as an amount of tax the payment of which was extended under this section.