2021 US Code
Title 26 - Internal Revenue Code
Subtitle A - Income Taxes
Chapter 1 - Normal Taxes and Surtaxes

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Publication Title	United States Code, 2018 Edition, Supplement 3, Title 26 - INTERNAL REVENUE CODE
Category	Bills and Statutes
Collection	United States Code
SuDoc Class Number	Y 1.2/5:
Contained Within	Title 26 - INTERNAL REVENUE CODE Subtitle A - Income Taxes CHAPTER 1 - NORMAL TAXES AND SURTAXES
Contains	sections 1 to 1400Z-2
Date	2021
Laws In Effect As Of Date	January 3, 2022
Positive Law	No
Disposition	standard

Table of Contents
Front Matter
+ Subchapter A - Determination of Tax Liability (Section 1 - 59B)
- Table of Contents
- Front Matter
- Part I - Tax on Individuals (Section 1 - 5)
- Part II - Tax on Corporations (Section 11 - 12)
- Part III - Changes in Rates During a Taxable Year (Section 15 - 15)
- Part IV - Credits Against Tax (Section 21 - 54AA)
- Part V - Repealed (Part V - V)
- Part VI - Alternative Minimum Tax (Section 55 - 59)
- Part VII - Base Erosion and Anti-Abuse Tax (Section 59A - 59A)
- Part VIII - Repealed (Section 59B - 59B)
+ Subchapter B - Computation of Taxable Income (Section 61 - 291)
- Table of Contents
- Front Matter
- Part I - Definition of Gross Income, Adjusted Gross Income, Taxable Income, Etc. (Section 61 - 68)
- Part II - Items Specifically Included in Gross Income (Section 71 - 91)
- Part III - Items Specifically Excluded From Gross Income (Section 101 - 140)
- Part IV - Tax Exemption Requirements for State and Local Bonds (Section 141 - 150)
- Part V - Deductions for Personal Exemptions (Section 151 - 153)
- Part VI - Itemized Deductions for Individuals and Corporations (Section 161 - 199A)
- Part VII - Additional Itemized Deductions for Individuals (Section 211 - 224)
- Part VIII - Special Deductions for Corporations (Section 241 - 250)
- Part IX - Items Not Deductible (Section 261 - 280H)
- Part X - Terminal Railroad Corporations and Their Shareholders (Section 281 - 281)
- Part XI - Special Rules Relating to Corporate Preference Items (Section 291 - 291)
+ Subchapter C - Corporate Distributions and Adjustments (Section 301 - 395)
- Table of Contents
- Front Matter
- Part I - Distributions by Corporations (Section 301 - 318)
- Part II - Corporate Liquidations (Section 331 - 346)
- Part III - Corporate Organizations and Reorganizations (Section 351 - 368)
- Part IV - Repealed (Section 370 - 374)
- Part V - Carryovers (Section 381 - 384)
- Part VI - Treatment of Certain Corporate Interests as Stock or Indebtedness (Section 385 - 385)
- Part VII - Repealed (Section 386 - 395)
+ Subchapter D - Deferred Compensation, Etc. (Section 401 - 436)
- Table of Contents
- Front Matter
- Part I - Pension, Profit-Sharing, Stock Bonus Plans, Etc. (Section 401 - 420)
- Part II - Certain Stock Options (Section 421 - 425)
- Part III - Rules Relating to Minimum Funding Standards and Benefit Limitations (Section 430 - 436)
+ Subchapter E - Accounting Periods and Methods of Accounting (Section 441 - 483)
- Table of Contents
- Part I - Accounting Periods (Section 441 - 444)
- Part II - Methods of Accounting (Section 446 - 475)
- Part III - Adjustments (Section 481 - 483)
+ Subchapter F - Exempt Organizations (Section 501 - 530)
- Table of Contents
- Front Matter
- Part I - General Rule (Section 501 - 506)
- Part II - Private Foundations (Section 507 - 509)
- Part III - Taxation of Business Income of Certain Exempt Organizations (Section 511 - 515)
- Part IV - Farmers' Cooperatives (Section 521 - 522)
- Part V - Shipowners' Protection and Indemnity Associations (Section 526 - 526)
- Part VI - Political Organizations (Section 527 - 527)
- Part VII - Certain Homeowners Associations (Section 528 - 528)
- Part VIII - Certain Savings Entities (Section 529 - 530)
+ Subchapter G - Corporations Used to Avoid Income Tax on Shareholders (Section 531 - 565)
- Table of Contents
- Front Matter
- Part I - Corporations Improperly Accumulating Surplus (Section 531 - 537)
- Part II - Personal Holding Companies (Section 541 - 547)
- Part III - Repealed (Section 551 - 558)
- Part IV - Deduction for Dividends Paid (Section 561 - 565)
+ Subchapter H - Banking Institutions (Section 581 - 601)
- Table of Contents
- Front Matter
- Part I - Rules of General Application to Banking Institutions (Section 581 - 586)
- Part II - Mutual Savings Banks, Etc. (Section 591 - 601)
+ Subchapter I - Natural Resources (Section 611 - 638)
- Table of Contents
- Part I - Deductions (Section 611 - 617)
- Part II - Repealed (Section 621 - 621)
- Part III - Sales and Exchanges (Section 631 - 632)
- Part IV - Mineral Production Payments (Section 636 - 636)
- Part V - Continental Shelf Areas (Section 638 - 638)
+ Subchapter J - Estates, Trusts, Beneficiaries, and Decedents (Section 641 - 692)
- Table of Contents
- Part I - Estates, Trusts, and Beneficiaries (Section 641 - 685)
- Part II - Income in Respect of Decedents (Section 691 - 692)
+ Subchapter K - Partners and Partnerships (Section 701 - 777)
- Table of Contents
- Front Matter
- Part I - Determination of Tax Liability (Section 701 - 709)
- Part II - Contributions, Distributions, and Transfers (Section 721 - 755)
- Part III - Definitions (Section 761 - 761)
- Part IV - Repealed (Section 771 - 777)
+ Subchapter L - Insurance Companies (Section 801 - 848)
- Table of Contents
- Front Matter
- Part I - Life Insurance Companies (Section 801 - 818)
- Part II - Other Insurance Companies (Section 831 - 835)
- Part III - Provisions of General Application (Section 841 - 848)
+ Subchapter M - Regulated Investment Companies and Real Estate Investment Trusts (Section 851 - 860L)
- Table of Contents
- Front Matter
- Part I - Regulated Investment Companies (Section 851 - 855)
- Part II - Real Estate Investment Trusts (Section 856 - 859)
- Part III - Provisions Which Apply to Both Regulated Investment Companies and Real Estate Investment Trusts (Section 860 - 860)
- Part IV - Real Estate Mortgage Investment Conduits (Section 860A - 860G)
- Part V - Repealed (Section 860H - 860L)
+ Subchapter N - Tax Based on Income From Sources Within or Without the United States (Section 861 - 1000)
- Table of Contents
- Front Matter
- Part I - Source Rules and Other General Rules Relating to Foreign Income (Section 861 - 865)
- Part II - Nonresident Aliens and Foreign Corporations (Section 871 - 898)
- Part III - Income From Sources Without the United States (Section 901 - 989)
- Part IV - Domestic International Sales Corporations (Section 991 - 997)
- Part V - International Boycott Determinations (Section 999 - 1000)
+ Subchapter O - Gain or Loss on Disposition of Property (Section 1001 - 1111)
- Table of Contents
- Front Matter
- Part I - Determination of Amount of and Recognition of Gain or Loss (Section 1001 - 1002)
- Part II - Basis Rules of General Application (Section 1011 - 1024)
- Part III - Common Nontaxable Exchanges (Section 1031 - 1045)
- Part IV - Special Rules (Section 1051 - 1062)
- Part V - Repealed (Section 1071 - 1071)
- Part VI - Repealed (Section 1081 - 1083)
- Part VII - Wash Sales; Straddles (Section 1091 - 1092)
- Part VIII - Repealed (Section 1101 - 1103)
- Part IX - Repealed (Section 1111 - 1111)
+ Subchapter P - Capital Gains and Losses (Section 1201 - 1298)
- Table of Contents
- Front Matter
- Part I - Treatment of Capital Gains (Section 1201 - 1202)
- Part II - Treatment of Capital Losses (Section 1211 - 1212)
- Part III - General Rules for Determining Capital Gains and Losses (Section 1221 - 1223)
- Part IV - Special Rules for Determining Capital Gains and Losses (Section 1231 - 1260)
- Part V - Special Rules for Bonds and Other Debt Instruments (Section 1271 - 1288)
- Part VI - Treatment of Certain Passive Foreign Investment Companies (Section 1291 - 1298)
+ Subchapter Q - Readjustment of Tax Between Years and Special Limitations (Section 1301 - 1351)
- Table of Contents
- Front Matter
- Part I - Income Averaging (Section 1301 - 1301)
- Part II - Mitigation of Effect of Limitations and Other Provisions (Section 1311 - 1315)
- Part III - Repealed (Section 1321 - 1321)
- Part IV - Repealed (Section 1331 - 1337)
- Part V - Claim of Right (Section 1341 - 1342)
- Part VI - Repealed (Section 1346 - 1348)
- Part VII - Recoveries of Foreign Expropriation Losses (Section 1351 - 1351)
+ Subchapter R - Election to Determine Corporate Tax on Certain International Shipping Activities Using per Ton Rate (Section 1352 - 1359)
- Table of Contents
- Front Matter
- Sec. 1352 - Alternative tax on qualifying shipping activities
- Sec. 1353 - Notional shipping income
- Sec. 1354 - Alternative tax election; revocation; termination
- Sec. 1355 - Definitions and special rules
- Sec. 1356 - Qualifying shipping activities
- Sec. 1357 - Items not subject to regular tax; depreciation; interest
- Sec. 1358 - Allocation of credits, income, and deductions
- Sec. 1359 - Disposition of qualifying vessels
+ Subchapter S - Tax Treatment of S Corporations and Their Shareholders (Section 1361 - 1379)
- Table of Contents
- Part I - In General (Section 1361 - 1363)
- Part II - Tax Treatment of Shareholders (Section 1366 - 1368)
- Part III - Special Rules (Section 1371 - 1375)
- Part IV - Definitions; Miscellaneous (Section 1377 - 1379)
+ Subchapter T - Cooperatives and Their Patrons (Section 1381 - 1388)
- Table of Contents
- Front Matter
- Part I - Tax Treatment of Cooperatives (Section 1381 - 1383)
- Part II - Tax Treatment by Patrons of Patronage Dividends and Per-Unit Retain Allocations (Section 1385 - 1385)
- Part III - Definitions; Special Rules (Section 1388 - 1388)
+ Subchapter U - Designation and Treatment of Empowerment Zones, Enterprise Communities, and Rural Development Investment Areas (Section 1391 - 1397F)
- Table of Contents
- Front Matter
- Part I - Designation (Section 1391 - 1393)
- Part II - Tax-Exempt Facility Bonds for Empowerment Zones and Enterprise Communities (Section 1394 - 1394)
- Part III - Additional Incentives for Empowerment Zones (Section 1396 - 1397D)
- Part IV - Incentives for Education Zones (Section 1397E - 1397E)
- Part V - Regulations (Section 1397F - 1397F)
+ Subchapter V - Title 11 Cases (Section 1398 - 1399)
- Table of Contents
- Front Matter
- Sec. 1398 - Rules relating to individuals' title 11 cases
- Sec. 1399 - No separate taxable entities for partnerships, corporations, etc.
+ Subchapter W - Repealed (Section 1400 - 1400C)
- Secs. 1400 to 1400C - Repealed. Pub. L. 115-141, div. U, title IV, §401(d)(4)(A), Mar. 23, 2018, 132 Stat. 1209
+ Subchapter X - Repealed (Section 1400E - 1400J)
- Secs. 1400E to 1400J - Repealed. Pub. L. 115-141, div. U, title IV, §401(d)(5)(A), Mar. 23, 2018, 132 Stat. 1210
+ Subchapter Y - Repealed (Section 1400L - 1400U-3)
- Secs. 1400L to 1400U-3 - Repealed. Pub. L. 115-141, div. U, title IV, §401(d)(6)(A), Mar. 23, 2018, 132 Stat. 1211
+ Subchapter Z - Opportunity Zones (Section 1400Z-1 - 1400Z-2)
- Table of Contents
- Sec. 1400Z-1 - Designation
- Sec. 1400Z-2 - Special rules for capital gains invested in opportunity zones

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2021 US CodeTitle 26 - Internal Revenue CodeSubtitle A - Income TaxesChapter 1 - Normal Taxes and Surtaxes

2021 US Code
Title 26 - Internal Revenue Code
Subtitle A - Income Taxes
Chapter 1 - Normal Taxes and Surtaxes