Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section1314&num=0&edition=prelim
Timestamp: 2020-07-06 06:31:15
Document Index: 774822470

Matched Legal Cases: ['§ 1314', '§59', '§809', '§512', '§1906', '§221', '§512']

[USC02] 26 USC 1314: Amount and method of adjustment
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26 USC 1314: Amount and method of adjustment Text contains those laws in effect on July 5, 2020
From Title 26-INTERNAL REVENUE CODESubtitle A-Income TaxesCHAPTER 1-NORMAL TAXES AND SURTAXESSubchapter Q-Readjustment of Tax Between Years and Special LimitationsPART II-MITIGATION OF EFFECT OF LIMITATIONS AND OTHER PROVISIONS
In computing the amount of an adjustment under this part there shall first be ascertained the tax previously determined for the taxable year with respect to which the error was made. The amount of the tax previously determined shall be the excess of-
(Aug. 16, 1954, ch. 736, 68A Stat. 340 ; Pub. L. 85–866, title I, §59(b), Sept. 2, 1958, 72 Stat. 1647 ; Pub. L. 89–44, title VIII, §809(d)(5)(B), June 21, 1965, 79 Stat. 168 ; Pub. L. 91–172, title V, §512(f)(7), (8), Dec. 30, 1969, 83 Stat. 641 , 642; Pub. L. 94–455, title XIX, §1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834 ; Pub. L. 113–295, div. A, title II, §221(a)(87), Dec. 19, 2014, 128 Stat. 4050 .)
2014-Subsecs. (d), (e). Pub. L. 113–295 redesignated subsec. (e) as (d) and struck out former subsec. (d). Prior to amendment, text of subsec. (d) read as follows: "No adjustment shall be made under this part in respect of any taxable year beginning prior to January 1, 1932."
1969-Subsec. (a). Pub. L. 91–172, §512(f)(7), substituted "capital loss carryback or carryover" for "capital loss carryover".
1965-Subsec. (a)(1)(A). Pub. L. 89–44 struck out "(b)(1) and (3)" and inserted in lieu thereof "(b)(1), (3), and (4)".
1958-Subsec. (c). Pub. L. 85–866 substituted in second sentence "The" for "Other than in the case of an adjustment resulting from a determination under section 1313(a)(4), the".