Pub. L. 97-248 Sep. 3, 1982

96 Stat. 419 · Changed 181 sections of the Code

Bill H.R. 4961

§ 5 Cross references relating to tax on individuals

  • (a)(4) Pub. L. 97–248, § 201(d)(4), formerly § 201(c)(4), substituted “section 55” for “sections 55 and 56”.

§ 31 Tax withheld on wages

  • § 31 Pub. L. 97–248, as amended by Pub. L. 97–354 and Pub. L. 97–448, amended section generally, applicable to payments of…

§ 46 Amount of credit

  • § 46 Pub. L. 97–248, § 205(b)(1), substituted “85 percent” for “the following percentage”, substituted a period for the…
  • § 46 Pub. L. 97–248, §§ 201(d)(8)(A), formerly 201(c)(8)(A), 265(b)(2)(A), substituted “(relating to corporate minimum tax)”…
  • § 46 Pub. L. 97–248, § 205(b)(2), redesignated par. (9) as (7), and, in par. (7)(B), as so redesignated, substituted…
  • § 46 Pub. L. 97–248, § 205(b)(2)(A), struck out par. (8) which provided for alternative limitations in the case of certain…
  • § 46 Pub. L. 97–248, § 205(b)(2)(A), redesignated par. (9) as (7).

§ 47 Rehabilitation credit

  • (a) Pub. L. 97–248, § 208(a)(2)(B), inserted provision that if, prior to a disposition to which this subsection applies…

§ 48 Energy credit

  • (b) Pub. L. 97–248, § 209(c), inserted provision that for purposes of determining whether section 38 property subject to a…
  • (d) Pub. L. 97–248, § 205(a)(4), added par. (5).
  • § 48 Pub. L. 97–248, § 205(a)(5)(A), struck out par. (5) which, as amended by § 102(f)(3) of Pub. L. 97–448, had provided…
  • § 48 Pub. L. 97–248, § 205(a)(1), added subsec. (q) and redesignated former subsec. (q) as (r).

§ 51 Amount of credit

  • (c)(3) Pub. L. 97–248, § 233(a), substituted “1984” for “1982”.
  • (d)(1)(J) Pub. L. 97–248, § 233(b)(3), added subpar. (J).
  • (d)(6)(B)(i) Pub. L. 97–248, § 233(d), substituted “consists of money payments or voucher or scrip, and” for “consists of money…
  • (d)(10) Pub. L. 97–248, § 233(c), inserted provision respecting nonapplicability of paragraph to individuals who begin work for…
  • (d)(12) (d)(13) (d)(14) (d)(15) Pub. L. 97–248, § 233(b)(4), (5), added par. (12) and redesignated former pars. (12) to (15) as (13) to (16)…
  • (d) Pub. L. 97–248, § 233(b)(4), redesignated former par. (15) as (16).
  • (d) Pub. L. 97–248, § 233(f), substituted “on or before” for “before” in subpar. (A).

§ 72 Annuities; certain proceeds of endowment and life insurance contracts

  • (e) Pub. L. 97–248, § 265(a), in par. (1) substituted provisions relating to the application of this subsection to amounts…
  • (m)(4) Pub. L. 97–248, § 236(b)(1), struck out par. (4) which related to amounts constructively received with respect to…
  • (m)(5) Pub. L. 97–248, § 237(d)(1), (2), in subpar. (A) substituted applicability to key employees for applicability to…
  • (m)(6) Pub. L. 97–248, § 237(d)(3), struck out “except in applying paragraph (5),” after “shall”.
  • (m)(8) Pub. L. 97–248, § 236(b)(1), struck out par. (8) which related to loans to owner-employees.
  • (o)(3)(A) Pub. L. 97–248, § 236(b)(2), substituted reference to subsec. (p) of this section for references to subsec. (m)(4) and…
  • (p) Pub. L. 97–248, § 236(a), added subsec. (p). Former subsec. (p) redesignated (q).
  • (q) Pub. L. 97–248, § 265(b)(1), added subsec. (q). Former subsec. (q) redesignated (r).
  • (q) Pub. L. 97–248, § 236(a), redesignated former subsec. (p) as (q).
  • (r) Pub. L. 97–248, §§ 236(a), 265(b)(1), redesignated former subsec. (p) as (r).

§ 79 Group-term life insurance purchased for employees

  • (d) Pub. L. 97–248 added subsec. (d).

§ 85 Unemployment compensation

  • (b) Pub. L. 97–248, § 611(a)(1), substituted “$12,000” for “$20,000”.
  • (b) Pub. L. 97–248, § 611(a)(2), substituted “$18,000” for “$25,000”.

§ 101 Certain death benefits

  • (a)(1) Pub. L. 97–248, § 266(b), substituted “, subsection (d), and subsection (f)” for “and in subsection (d)”.
  • (b) Pub. L. 97–248, § 239, amended par. (3) generally, substituting “Treatment of self-employed individuals” for…
  • (f) Pub. L. 97–248, § 266(a), added subsec. (f).

§ 103 Interest on State and local bonds

  • (b)(2) Pub. L. 97–248, § 215(b)(2), substituted “For purposes of this section” for “For purposes of this subsection”.
  • (b) Pub. L. 97–248, §§ 217(a)(1), (b), 221(a), (c)(1), 310(c)(1), in subpar. (A) substituted “if at all times during the…
  • (b) Pub. L. 97–248, § 217(a)(3), substituted “paragraph (13)” for “paragraph (7)”.
  • (b) Pub. L. 97–248, § 214(d), added cl. (iv).
  • (b) Pub. L. 97–248, § 214(a)–(c), (e), added subpars. (K) to (O).
  • (b) Pub. L. 97–248, § 217(c), inserted “ferry,” after “rail car” in provisions preceding cl. (i), and in cl. (ii), inserted…
  • (b) Pub. L. 97–248, § 217(a)(2), added par. (10). Former par. (10) redesignated (13).
  • (b) Pub. L. 97–248, § 217(d), added par. (11).
  • (b) Pub. L. 97–248, § 221(b), added par. (12). [Provisions of par. (12)(A) were formerly contained, as undesignated…
  • (b) Pub. L. 97–248, § 217(a)(2), redesignated former par. (10) as (13).
  • (b) Pub. L. 97–248, § 219(a), added par. (14).
  • § 103 Pub. L. 97–248, § 310(c)(2), substituted “must not be guaranteed or subsidized” for “must be in registered form and not…
  • § 103 Pub. L. 97–248, § 310(b)(1), added subsec. (j). Former subsec. (j), relating to cross references, redesignated (m).
  • § 103 Pub. L. 97–248, § 215(a), added subsec. (k).
  • § 103 Pub. L. 97–248, § 215(b)(1), added subsec. (l).
  • § 103 Pub. L. 97–248, §§ 215(a), (b)(1), 310(b)(1), redesignated former subsec. (j), relating to cross references, as (m).

§ 105 Amounts received under accident and health plans

  • (b) Pub. L. 97–248 substituted “section 213(d)” for “section 213(e)”.

§ 162 Trade or business expenses

  • (c)(1) Pub. L. 97–248, § 288(a), substituted “is unlawful under the Foreign Corrupt Practices Act of 1977” for “would be…
  • (h) Pub. L. 97–248, § 128(b)(2), redesignated subsec. (i), relating to State legislators’ travel expenses away from home…
  • (i) Pub. L. 97–248, § 128(b)(2), redesignated former subsec. (h), relating to group health plans, as (i). Former subsec.…
  • (j) Pub. L. 97–248, § 128(b)(1), redesignated former subsec. (i), relating to cross references, as (j).

§ 163 Interest

  • (e) Pub. L. 97–248, § 231(b), added subsec. (e) relating to original issue discount. Former subsec. (e), setting forth…
  • (e) Pub. L. 97–248, § 231(b), redesignated former subsec. (e), setting forth cross references, as (f).
  • (f) Pub. L. 97–248, § 310(b)(2), added subsec. (f) relating to the requirement that obligations be in registered form to be…
  • (g) Pub. L. 97–248, § 310(b)(2), redesignated former subsec. (f), setting forth cross references, as (g).

§ 165 Losses

  • (c)(3) Pub. L. 97–248, § 203(b), inserted “except as provided in subsection (h),” before “losses of property” and struck out…
  • (h) Pub. L. 97–248, § 203(a), added subsec. (h) relating to casualty and theft losses. Former subsec. (h), relating to…
  • (i) Pub. L. 97–248, § 203(a), redesignated former subsec. (h), relating to disaster losses, as (i), in subsec. (i), as so…
  • (j) Pub. L. 97–248, § 310(b)(5), added subsec. (j) relating to denial of deduction for losses on certain obligations not in…
  • (j) Pub. L. 97–248, § 203(a), redesignated former subsec. (i), setting forth cross references, as (j).
  • (k) Pub. L. 97–248, § 310(b)(5), redesignated former subsec. (j), setting forth cross references, as (k).

§ 168 Accelerated cost recovery system

  • (b)(1) Pub. L. 97–248, § 206(a), substituted “table” for “tables” in introductory provisions, struck out designation “(A)”…
  • (e)(4) Pub. L. 97–248, §§ 206(b), 224(c)(1), substituted “1981” for “1986” in heading, in subpar. (E) inserted provision that…
  • (f) Pub. L. 97–248, § 209(a), amended par. (8) generally, substituting provisions relating to special rules for finance…
  • (f) Pub. L. 97–248, § 208(a)(2)(A), inserted “except as provided in subsection (i),” before “for purposes of this subtitle”.
  • (f) Pub. L. 97–248, § 208(b)(1), inserted “which is not a related person with respect to the lessee”.
  • (f) Pub. L. 97–248, § 208(b)(2), in subcl. (I) substituted “120 percent of the present class life of the property, or” for…
  • (f) Pub. L. 97–248, § 208(b)(3), amended subpar. (D) generally. Prior to amendment, subpar. (D) read as follows:
  • (f) Pub. L. 97–248, § 208(b)(4), added subpars. (H) to (J) and redesignated former subpar. (H) as (K).
  • (f) Pub. L. 97–248, § 224(c)(2), struck out “(other than a transaction with respect to which the basis is determined under…
  • (f) Pub. L. 97–248, § 216(a), added par. (12).
  • (i) Pub. L. 97–248, § 209(b), amended subsec. (i) generally, substituting provisions concerning limitations relating to…
  • (i) Pub. L. 97–248, § 208(a)(1), added subsec. (i). Former subsec. (i) redesignated (j).
  • (j) Pub. L. 97–248, § 208(a)(1), redesignated former subsec. (i) as (j).

§ 170 Charitable, etc., contributions and gifts

  • (c)(2) Pub. L. 97–248 inserted provision that rules similar to the rules of section 501(j) of this title shall apply for…

§ 173 Circulation expenditures

  • § 173 Pub. L. 97–248, § 201(d)(9)(A), designated existing provisions as subsec. (a), added subsec. (a) heading, and added…

§ 174 Amortization of research and experimental expenditures

  • § 174 Pub. L. 97–248, § 201(d)(9)(B), substituted “Cross references” for “Cross reference” in heading, designated existing…

§ 196 Deduction for certain unused business credits

§ 213 Medical, dental, etc., expenses

  • (a) Pub. L. 97–248, § 202(a), substituted provisions that there shall be allowed as a deduction the expenses paid during…
  • (b) Pub. L. 97–248, § 202(b)(1), amended subsec. (b) generally, substituting provision that an amount paid during the…
  • (c) Pub. L. 97–248, § 202(b)(3)(B), redesignated subsec. (d) as (c). Former subsec. (c) was repealed by Pub. L. 89–97.
  • (d) Pub. L. 97–248, § 202(b)(2), (3)(A), (B), redesignated subsec. (e) as (d), added pars. (2) and (3), and redesignated…
  • (e) § 213 Pub. L. 97–248, § 202(b)(3)(B), redesignated subsecs. (e) and (f) as (d) and (e), respectively.

§ 219 Retirement savings

  • (d)(4) Pub. L. 97–248 added par. (4).

§ 246 Rules applying to deductions for dividends received

  • § 246 Pub. L. 97–248 added subsec. (e) and redesignated former subsec. (e) as (f).

§ 263 Capital expenditures

  • (c) Pub. L. 97–248, § 204(c)(1), inserted provision that this subsection not apply with respect to any costs to which any…

§ 269A Personal service corporations formed or availed of to avoid or evade income tax

§ 274 Disallowance of certain entertainment, etc., expenses

  • (e)(3) Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

§ 275 Certain taxes

  • (a)(1) Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

§ 280E Expenditures in connection with the illegal sale of drugs

§ 291 Special rules relating to corporate preference items

§ 302 Distributions in redemption of stock

  • (a) Pub. L. 97–248, § 222(c)(3), substituted “paragraph (1), (2), (3), or (4)” for “paragraph (1), (2), or (3)”.
  • (b)(4) (b)(5) Pub. L. 97–248, § 222(c)(1), (4), added par. (4), redesignated former par. (4) as (5) and substituted “paragraph (2)…
  • (c)(2)(C) Pub. L. 97–248, § 228(a), added subpar. (C).
  • (e) (f) Pub. L. 97–248, § 222(c)(2), added subsec. (e) and redesignated former subsec. (e) as (f).

§ 304 Redemption through use of related corporations

  • (b)(2)(A) Pub. L. 97–248, § 226(a)(3), substituted “as if the property were distributed by the issuing corporation to the…
  • (b)(3) Pub. L. 97–248, § 226(a)(1)(A), added par. (3).
  • (c)(2) (c)(3) Pub. L. 97–248, § 226(a)(2), added par. (2), redesignated former par. (2) as (3) and substituted “this section” for…

§ 306 Dispositions of certain stock

  • (b)(1)(B) Pub. L. 97–248, § 222(e)(2), substituted “paragraph (3) or (4) of section 302(b)” for “section 302(b)(3)”.
  • (b)(2) Pub. L. 97–248, § 222(e)(1)(A), struck out “partial or” before “complete liquidation”.
  • (c)(3) Pub. L. 97–248, § 226(b), added par. (3).
  • (c)(4) Pub. L. 97–248, § 227(a), added par. (4).

§ 311 Taxability of corporation on distribution

  • § 311 Pub. L. 97–248, § 223(a)(1), substituted reference to a distribution to a corporate shareholder if the basis of the…
  • § 311 Pub. L. 97–248, § 223(a)(1), substituted reference to a distribution to which section 302(b)(4) applies and which is…
  • § 311 Pub. L. 97–248, § 223(a)(1), substituted reference to a distribution of stock or an obligation of a corporation if the…
  • § 311 Pub. L. 97–248, § 223(a)(3), struck out subpar. (G) which provided that a distribution of stock to a distributee which…
  • § 311 Pub. L. 97–248, § 223(a)(2), added subsec. (e).

§ 312 Effect on earnings and profits

  • (e) Pub. L. 97–248, § 222(e)(3), struck out “partial liquidations and” in heading, and in text struck out “in partial…
  • (k)(5) Pub. L. 97–248, § 205(a)(3), added par. (5).
  • (m) Pub. L. 97–248, § 310(b)(3), added subsec. (m).

§ 318 Constructive ownership of stock

  • (b)(4) Pub. L. 97–248 substituted “section 338(h)(3)(B) (relating to purchase of stock from subsidiaries, etc.)” for “section…

§ 331 Gain or loss to shareholder in corporate liquidations

  • (a) Pub. L. 97–248, § 222(a), substituted provisions that amounts received by a shareholder in a distribution in complete…
  • (b) Pub. L. 97–248, § 222(e)(1)(B), struck out “partial or” before “complete liquidation”.

§ 334 Basis of property received in liquidations

  • (a) Pub. L. 97–248, § 222(e)(1)(C), struck out “partial or” before “complete liquidation”.
  • (b) Pub. L. 97–248, § 224(b), struck out heading to par. (1) “In general”, redesignated first sentence as par. (1) with…

§ 338 Certain stock purchases treated as asset acquisitions

§ 346 Definition and special rule

  • (a) Pub. L. 97–248 substituted provision that a distribution shall be treated as in complete liquidation if the…
  • (b) Pub. L. 97–248 added subsec. (b) and struck out former subsec. (b) which provided that a distribution was to be treated…
  • § 346 Pub. L. 97–248 struck out subsec. (c) which provided that the fact that, with respect to a shareholder, a distribution…

§ 351 Transfer to corporation controlled by transferor

  • (f) Pub. L. 97–248 added par. (5).

§ 356 Receipt of additional consideration

  • (a)(2) Pub. L. 97–248 inserted “(determined with the application of section 318(a))” after “distribution of a dividend”.

§ 367 Foreign corporations

  • (d) (e) Pub. L. 97–248 added subsec. (d) and redesignated former subsec. (d) as (e).

§ 368 Definitions relating to corporate reorganizations

  • (a)(1)(F) Pub. L. 97–248 inserted “of one corporation” after “place of organization”.

§ 381 Carryovers in certain corporate acquisitions

  • (a)(1) Pub. L. 97–248 struck out “, except in a case in which the basis of the assets distributed is determined under section…

§ 401 Qualified pension, profit-sharing, and stock bonus plans

  • (a)(9) Pub. L. 97–248, § 242(a), which was repealed by Pub. L. 98–369, § 521(a)(2), had amended par. (9) generally…
  • (a)(10) Pub. L. 97–248, § 237(e)(1), amended par. (10) generally, redesignating subpar. (B) as (A) and striking out former…
  • (a)(10)(B) Pub. L. 97–248, § 240(b), added subpar. (B).
  • (a)(17) (a)(18) Pub. L. 97–248, § 237(b), struck out pars. (17) and (18) which related, respectively, to a plan which provides…
  • (a)(24) Pub. L. 97–248 added par. (24).
  • (c)(1) Pub. L. 97–248, § 238(d)(1), amended par. (1) generally, substituting in heading “Self-employed individual treated as…
  • (c)(2)(A) Pub. L. 97–248, § 238(d)(2), added cl. (v).
  • (d) Pub. L. 97–248, § 237(a), redesignated pars. (9) to (11) as (1) to (3), respectively. Former pars. (1) to (7), which…
  • (j) Pub. L. 97–248, § 238(b), struck out subsec. (j) which related to general requirements, regulation guidelines…
  • (l) (o) Pub. L. 97–248, § 249(a), added subsec. (l) and redesignated former subsec. (l) as (o).

§ 403 Taxation of employee annuities

  • (b)(2) Pub. L. 97–248, § 251(a)(1), (c)(3), substituted “home health service agencies, and certain churches, etc.” for “and…
  • (b)(2) Pub. L. 97–248, § 251(a)(2), added subpars. (C) and (D).
  • (b)(9) Pub. L. 97–248, § 251(b), added par. (9).

§ 404 Deduction for contributions of an employer to an employees’ trust or annuity plan and compensation under a deferred-payment plan

  • (a)(2) Pub. L. 97–248, § 237(e)(2), substituted “(8), (9)” for “(8)”, and “401(a)(10) and of section 401(d)” for “401(a)(9)…
  • (a)(3)(B) Pub. L. 97–248, § 253(b), inserted provision that “compensation otherwise paid or accrued during the taxable year to…
  • (e) Pub. L. 97–248, § 238(a), amended subsec. (e) generally, substituting provisions relating to contributions allocable to…
  • (j) Pub. L. 97–248, § 235(f), added subsec. (j).

§ 408 Individual retirement accounts

  • (a)(2) Pub. L. 97–248, § 237(e)(3)(A), substituted reference to subsection (n) of this section, for reference to section…
  • (a) Pub. L. 97–248, § 243(a)(1), amended par. (7) generally, designating existing provisions as subpars. (A) and (B), in…
  • (b)(4) Pub. L. 97–248, § 243(a)(2), amended par. (4) generally, designating existing provisions, as subpars. (A) and (B), in…
  • (d)(3)(C) Pub. L. 97–248, § 243(b)(1)(A), added subpar. (C) relating to denial of rollover treatment for inherited accounts.
  • (d)(3)(C) Pub. L. 97–248, § 335(a)(1), added subpar. (C) relating to permitting partial rollovers.
  • (j) Pub. L. 97–248, § 238(d)(3), amended subsec. (j) generally, substituting provisions increasing amount by the amount of…
  • (k)(1) Pub. L. 97–248, § 238(d)(4)(B), struck out reference to par. (6) of this subsection.
  • (k)(3)(C) Pub. L. 97–248, § 238(d)(4)(C), amended subpar. (C) generally, striking out cl. “(i)” designation and cl. (ii) which…
  • (k)(6) Pub. L. 97–248, § 238(d)(4)(A), struck out par. (6) which related to prohibition on employer maintaining plan to which…
  • (n) (o) Pub. L. 97–248, § 237(e)(3)(B), added subsec. (n) and redesignated former subsec. (n) as (o).

§ 414 Definitions and special rules

  • (b) (c) Pub. L. 97–248, § 240(c)(1), inserted reference to section 416.
  • (m)(4)(B) Pub. L. 97–248, § 240(c)(2), inserted reference to section 416.
  • (m)(5) (m)(6) (m) Pub. L. 97–248, § 246(a), added par. (5) and redesignated former pars. (5) and (6) as (6) and (7), respectively.
  • (n) Pub. L. 97–248, § 248(a), added subsec. (n).

§ 415 Limitations on benefits and contribution under qualified plans

  • (b)(1)(A) Pub. L. 97–248, § 235(a)(1), substituted “$90,000” for “$75,000”.
  • (b)(2)(C) Pub. L. 97–248, § 235(a)(3)(A), (e)(1), (2), inserted provisions relating to reduction under this subparagraph, and…
  • (b)(2)(D) (b)(2)(E) Pub. L. 97–248, § 235(e)(3), (4), added subpars. (D) and (E).
  • (b)(7) Pub. L. 97–248, § 235(a)(3)(B), substituted “the greater of $68,212 or one-half the amount otherwise applicable for…
  • (c)(1)(A) Pub. L. 97–248, § 235(a)(2), substituted “$30,000” for “$25,000”.
  • (c)(3) Pub. L. 97–248, § 253(a), designated existing provisions as subpars. (A) and (B) and added subpar. (C).
  • (c)(4) Pub. L. 97–248, § 251(c)(1), substituted “, home health service agencies, and certain churches, etc.” for “and home…
  • (c)(5) Pub. L. 97–248, § 238(d)(5), struck out par. (5) relating to application with section 404(e)(4).
  • (c)(8) Pub. L. 97–248, § 251(c)(2), added par. (8).
  • (d)(1) Pub. L. 97–248, § 235(b)(1), substituted “benefit amounts” for “primary insurance amounts” in provision following…
  • (d)(1) Pub. L. 97–248, § 235(b)(3), substituted “$90,000” for “$75,000” in subpar. (A), and in subpar. (B) substituted…
  • (d)(2)(A) Pub. L. 97–248, § 235(b)(2)(B), substituted “1984” for “1974”.
  • (d)(3) Pub. L. 97–248, § 235(b)(2)(A), added par. (3).
  • (e) Pub. L. 97–248, § 235(c)(1), substituted “1.0” for “1.4”.
  • (e) Pub. L. 97–248, § 235(c)(2)(A), substituted provisions that for purposes of this subsection, the defined benefit plan…
  • (e) Pub. L. 97–248, § 235(c)(2)(B), substituted provision that the defined contribution plan fraction for any year has a…
  • (e) Pub. L. 97–248, § 235(d), added par. (6).

§ 416 Special rules for top-heavy plans

§ 447 Method of accounting for corporations engaged in farming

  • § 447 Pub. L. 97–248, § 230(a)(1), inserted “or qualified partnership” after “corporation” wherever appearing.
  • § 447 Pub. L. 97–248, § 230(a)(2), designated existing provisions from “a corporation acquired” through “transferee…
  • § 447 Pub. L. 97–248, § 230(a)(3), added par. (4).

§ 501 Exemption from tax on corporations, certain trusts, etc.

  • (c)(19) Pub. L. 97–248, § 354(a)(1), substituted “past or present members of the Armed Forces of the United States” for “war…
  • (c)(19)(B) Pub. L. 97–248, § 354(a)(2), substituted “past or present members of the Armed Forces of the United States” for “war…
  • (c)(23) Pub. L. 97–248, § 354(b), added par. (23).
  • (j) (k) Pub. L. 97–248, § 286(a), added subsec. (j) and redesignated former subsec. (j) as (k).

§ 511 Imposition of tax on unrelated business income of charitable, etc., organizations

  • § 511 Pub. L. 97–248 substituted “section 55” for “section 55 and section 56 (as the case may be)”.

§ 542 Definition of personal holding company

  • (c)(6)(C)(ii) Pub. L. 97–248, § 293(a), struck out “but not $1,000,000” after “exceeds $500,000”.
  • (d)(1)(B)(i) Pub. L. 97–248, § 293(b), substituted “144 months” for “60 months” after “remaining maturity exceeds”, designated…
  • (d)(1)(C) Pub. L. 97–248, § 293(c), added subpar. (C).

§ 543 Personal holding company income

  • § 543 (a)(1)(C). Pub. L. 97–248 added subpar. (C).

§ 562 Rules applicable in determining dividends eligible for dividends paid deduction

  • (b)(1) Pub. L. 97–248 inserted sentence at end providing that, for purposes of subpar. (A), a liquidation includes a…

§ 616 Development expenditures

  • (d) Pub. L. 97–248 added subsec. (d).

§ 617 Deduction and recapture of certain mining exploration expenditures

  • (h) Pub. L. 97–248, § 224(c)(8), inserted “338,” after “334(b),”.
  • § 617 Pub. L. 97–248, § 201(d)(9)(D), formerly § 201(c)(9)(D), added subsec. (j).

§ 643 Definitions applicable to subparts A, B, C, and D

  • (d) Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

§ 661 Deduction for estates and trusts accumulating income or distributing corpus

  • (a) Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

§ 702 Income and credits of partner

  • (d) Pub. L. 97–248 added subsec. (d).

§ 832 Insurance company taxable income

  • (e)(2) Pub. L. 97–248 struck out “, as if no election to make installment payments under section 6152 is made” after “due to…

§ 897 Disposition of investment in United States real property

  • (a)(2)(A) Pub. L. 97–248 substituted “section 55(a)(1) for the taxable year shall not be less than 20 percent of the lesser of—”…

§ 901 Taxes of foreign countries and of possessions of United States

  • (a) Pub. L. 97–248 substituted “(relating to corporate minimum tax)” for “(relating to minimum tax for tax preferences)”…

§ 904 Limitation on credit

  • (f)(4) (f)(5) (f) Pub. L. 97–248 struck out par. (4) which provided for the determination of foreign oil related loss where section 907…

§ 905 Applicable rules

  • (c) Pub. L. 97–248, § 343(a), struck out provision that, although no interest can be assessed or collected on any amount of…

§ 907 Special rules in case of foreign oil and gas income

  • (b) Pub. L. 97–248, § 211(c)(1), added subsec. (b). Former subsec. (b), which had provided that section 904 be applied…
  • (c)(2) Pub. L. 97–248, § 211(b), in subpar. (A) substituted “the processing of minerals extracted (by the taxpayer or by any…
  • (c)(4) Pub. L. 97–248, § 211(a), substituted provisions regarding the recapture of foreign oil and gas extraction losses by…
  • (e) Pub. L. 97–248, § 211(d)(1), substituted rules regarding credits arising in taxable years beginning before Jan. 1…
  • (f)(1) Pub. L. 97–248, § 211(d)(2)(A), substituted “such excess” for “so much of such excess as does not exceed 2 percent of…
  • (f)(2)(B) Pub. L. 97–248, § 211(d)(2)(B)(i), substituted “provided by section 904 for such taxable year” for “provided by section…
  • (f)(3)(A) Pub. L. 97–248, § 211(d)(2)(B)(ii), substituted “section 904(c)” for “section 904(c) with respect to oil-related…
  • (f)(3)(B) Pub. L. 97–248, § 211(d)(2)(B)(iii), struck out “oil-related” after “determining the amount of”.

§ 934 Limitation on reduction in income tax liability incurred to the Virgin Islands

  • (b)(2) Pub. L. 97–248, § 213(b)(1), substituted “65 percent” for “50 percent”.
  • § 934 Pub. L. 97–248, § 213(b)(2), added subsec. (e).
  • § 934 Pub. L. 97–248, § 213(b)(2), added a temporary subsec. (f) which provided that in applying subsec. (b)(2) with respect…

§ 952 Subpart F income defined

  • (a) Pub. L. 97–248 inserted provision that the payments referred to in par. (4) are payments which would be unlawful under…

§ 954 Foreign base company income

  • (a) Pub. L. 97–248, § 212(a), (e), added par. (5).
  • (b)(4) Pub. L. 97–248, § 212(d), inserted at end “The preceding sentence shall not apply to foreign base company oil related…
  • (b)(5) Pub. L. 97–248, § 212(b)(1), substituted “, the foreign base company shipping income, and the foreign base company oil…
  • (b) Pub. L. 97–248, § 212(b)(2), added par. (8).
  • (h) Pub. L. 97–248, § 212(c), added subsec. (h).

§ 964 Miscellaneous provisions

  • (a) Pub. L. 97–248 inserted provision that payments referred to in sentence beginning “In determining such earnings and…

§ 982 Admissibility of documentation maintained in foreign countries

§ 1016 Adjustments to basis

  • (a)(24) Pub. L. 97–248, § 205(a)(5)(B), substituted “to the extent provided in section 48(q)” for “to the extent provided in…
  • (a)(25) Pub. L. 97–248, § 201(c)(2), added par. (25).

§ 1402 Definitions

  • (b) Pub. L. 97–248 struck out “and” before “(B)” and inserted “, and (C) includes, but only with respect to the tax imposed…

§ 1561 Limitation on accumulated earnings credit in the case of certain controlled corporations

  • (a) Pub. L. 97–248, § 259(b), added par. (4) and inserted reference to par. (4) in text following par. (4).
  • (b) Pub. L. 97–248, § 259(c), added par. (4) and inserted reference to subsec. (a)(4) in text following par. (4).

§ 2039 Annuities

  • § 2039 Pub. L. 97–248, § 245(b), substituted “Subject to the limitation of subsection (g), notwithstanding any other provision…
  • § 2039 Pub. L. 97–248, § 245(b), substituted “Subject to the limitation of subsection (g), notwithstanding any other provision…
  • § 2039 Pub. L. 97–248, § 245(a), added subsec. (g).

§ 2055 Transfers for public, charitable, and religious uses

  • (a) Pub. L. 97–248 inserted provision that rules similar to the rules of section 501(j) of this title shall apply for…

§ 2522 Charitable and similar gifts

  • (a) Pub. L. 97–248 inserted provision that rules similar to rules of section 501(j) apply for purposes of par. (2).

§ 3121 Definitions

  • (u) Pub. L. 97–248 added subsec. (u).

§ 3122 Federal service

  • § 3122 Pub. L. 97–248 inserted “including service which is medicare qualified Federal employment (as defined in section…

§ 3301 Rate of tax

  • § 3301 Pub. L. 97–248, § 271(c)(1)(A), substituted “6.2 percent” for “3.5 percent”.
  • § 3301 Pub. L. 97–248, § 271(b)(1), substituted “3.5 percent” for “3.4 percent”.
  • § 3301 Pub. L. 97–248, § 271(c)(1)(B), substituted “6.0 percent” for “3.2 percent”.

§ 3302 Credits against tax

  • (b) Pub. L. 97–248, § 271(c)(2)(A), substituted “5.4 percent” for “2.7 percent”.
  • (c)(2) Pub. L. 97–248, § 273(a), inserted provision at end that subpar. (C) shall not apply with respect to any taxable year…
  • (c)(2)(A) Pub. L. 97–248, § 271(c)(3)(A), substituted “5 percent” for “10 percent” in two places.
  • (c)(3) Pub. L. 97–248, § 271(c)(3)(B), substituted “7½ percent” for “15 percent” in provisions following subpar. (B).
  • (d)(1) Pub. L. 97–248, § 271(c)(2)(B), substituted “6 percent” for “3 percent” in par. heading and text.
  • (g) Pub. L. 97–248, § 272(a), added subsec. (g).

§ 3304 Approval of State laws

  • (a)(6)(A)(ii) Pub. L. 97–248 redesignated existing provisions as provisions preceding subcl. (I) and subcl. (I), and in such…

§ 3306 Definitions

  • (b)(1) Pub. L. 97–248, § 271(a), substituted “$7,000” for “$6,000” wherever appearing.
  • (c)(1)(B) Pub. L. 97–248, § 277, substituted “1984” for “1982”.
  • (c)(10)(C) Pub. L. 97–248, § 276(a)(1), struck out “under the age of 22” after “service performed by an individual”.
  • (c)(20) Pub. L. 97–248, § 276(b)(1), added par. (20).
  • (q) Pub. L. 97–248, § 276(b)(2), added subsec. (q).

§ 3402 Income tax collected at source

  • (o)(6) Pub. L. 97–248, § 334(d), added par. (6).
  • (s) Pub. L. 97–248, § 317(a), added subsec. (s).

§ 3403 Liability for tax

  • § 3403 Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

§ 3405 Special rules for pensions, annuities, and certain other deferred income

§ 3502 Nondeductibility of taxes in computing taxable income

  • (b) § 3502 Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

§ 3508 Treatment of real estate agents and direct­ sellers

§ 3509 Determination of employer’s liability for certain employment taxes

§ 4041 Imposition of tax

  • (c) Pub. L. 97–248, § 279(a), in par. (1) substituted “14 cents” for “7 cents”, in par. (3) substituted “8 cents a gallon…
  • (l) Pub. L. 97–248, § 279(b)(1), added subsec. (l).

§ 4251 Imposition of tax

  • (a) Pub. L. 97–248 added subsec. (a) and struck out former subsec. (a) which provided that there was a tax on communication…
  • (b) Pub. L. 97–248 added subsec. (b) and struck out former subsec. (b) which provided that the tax imposed by former…

§ 4261 Imposition of tax

  • (e) Pub. L. 97–248 substituted provisions relating to exemptions for certain helicopter uses for provisions that effective…
  • (f) Pub. L. 97–248 added subsec. (f).

§ 4262 Definition of taxable transportation

  • (c)(3) Pub. L. 97–248, § 281A(a)(1), substituted “12 hours” for “6 hours” wherever appearing.
  • (e) Pub. L. 97–248, § 281A(a)(2), added subsec. (e).

§ 4271 Imposition of tax

  • (d) Pub. L. 97–248 substituted provision that the tax imposed by subsec. (a) shall apply with respect to transportation…

§ 4281 Small aircraft on nonestablished lines

  • § 4281 Pub. L. 97–248 struck out “(as defined in section 4492(b))” after “certificated takeoff weight”, and inserted provision…

§ 4701 Tax on issuer of registration-required obligation not in registered form

§ 5701 Rate of tax

  • (b)(1) Pub. L. 97–248, § 283(a)(1), substituted “$8” for “$4”.
  • (b)(2) Pub. L. 97–248, § 283(a)(2), substituted “$16.80” for “$8.40”.

§ 6001 Notice or regulations requiring records, statements, and special returns

  • § 6001 Pub. L. 97–248 inserted “, records necessary to comply with section 6053(c),” after “charge receipts”.

§ 6011 General requirement of return, statement, or list

  • (e) (f) Pub. L. 97–248 added subsec. (e) and redesignated former subsec. (e) as (f).

§ 6013 Joint returns of income tax by husband and wife

  • (g)(1)(B) (h)(1). Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or…

§ 6031 Return of partnership income

  • (a) Pub. L. 97–248, § 403(b), designated existing provisions as subsec. (a) and added subsec. heading.
  • (b) Pub. L. 97–248, § 403(a), added subsec. (b).

§ 6038 Information reporting with respect to certain foreign corporations and partnerships

  • (a)(1) Pub. L. 97–248, § 338(c)(2), substituted “subsection (e)(1)” for “subsection (d)(1)”.
  • (b) Pub. L. 97–248, § 338(a), added subsec. (b). Former subsec. (b) redesignated (c).
  • (c) Pub. L. 97–248, § 338(a), (b), (c)(1), (3), redesignated former subsec. (b) as (c), substituted “Penalty of reducing…
  • (d) (e) Pub. L. 97–248, § 338(a), redesignated former subsec. (c) as (d). Former subsec. (d), relating to definitions…

§ 6038A Information with respect to certain foreign-owned corporations

§ 6041 Information at source

  • (a) Pub. L. 97–248 substituted “6049(a)” for “6049(a)(1)”, and “or 6045” for “6045, 6049(a)(2), or 6049(a)(3)”.

§ 6041A Returns regarding payments of remuneration for services and direct sales

§ 6042 Returns regarding payments of dividends and corporate earnings and profits

  • (a)(1) (c) § 6042 Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

§ 6044 Returns regarding payments of patronage dividends

  • (a)(1) (b)(1) (e) § 6044 Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

§ 6045 Returns of brokers

  • § 6045 Pub. L. 97–248 designated existing provisions as subsec. (a), substituted “the name and address of each customer, with…

§ 6046 Returns as to organization or reorganization of foreign corporations and as to acquisitions of their stock

  • (d) Pub. L. 97–248 inserted “(or on or before such later day as the Secretary may by forms or regulations prescribe)”.

§ 6046A Returns as to interests in foreign partnerships

§ 6047 Information relating to certain trusts and annuity plans

  • (e) (f) Pub. L. 97–248 added subsec. (e) and redesignated former subsec. (e) as (f).

§ 6048 Information with respect to certain foreign trusts

  • (a) Pub. L. 97–248 inserted “(or on or before such later day as the Secretary may by regulations prescribe)” after “the…

§ 6049 Returns regarding payments of interest

  • (a) Pub. L. 97–248, § 309(a), redesignated subpars. (A) and (B) of former par. (1) as pars. (1) and (2), respectively, in…
  • (b) Pub. L. 97–248, § 309(a), substituted “subsection (a)” for “subsections (a)(1) and (2)” in provisions preceding subpar.…
  • (c) Pub. L. 97–248, § 309(a), substituted “subsection (a)” for “subsection (a)(1)” wherever appearing, designated provision…
  • (d) Pub. L. 97–248, § 309(a), added subsec. (d).
  • § 6049 Pub. L. 97–248, §§ 303(b), 308(a), provided that, applicable to payments of interest, dividends, and patronage…

§ 6050E State and local income tax refunds

§ 6051 Receipts for employees

  • (f)(1)(A) Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

§ 6053 Reporting of tips

  • (c) Pub. L. 97–248 added subsec. (c).

§ 6081 Extension of time for filing returns

  • (b) Pub. L. 97–248 struck out “or the first installment thereof required under section 6152” after “the amount properly…

§ 6103 Confidentiality and disclosure of returns and return information

  • (i)(1) (i)(2) (i)(3) (i)(4) (i)(5) Pub. L. 97–248, § 356(a), added pars. (1) to (5). Former pars. (1) to (5) were struck out.
  • (i)(6) Pub. L. 97–248, § 356(a), added par. (6). Former par. (6) redesignated (7).
  • (i)(7) Pub. L. 97–248, §§ 356(a), 358(a), (b), redesignated former par. (6) as (7) and, in par. (7) as so redesignated…
  • (p)(3)(A) Pub. L. 97–248, § 356(b)(1)(A), substituted “(7)(A)(ii)” for “(6)(A)(ii)”.
  • (p)(3)(C)(i) Pub. L. 97–248, § 356(b)(1)(B), inserted “, (i)(3)(B)(i),” after “described in subsection (d)”.
  • (p)(3)(C)(i)(II) Pub. L. 97–248, § 356(b)(1)(C), inserted “or otherwise” after “such requests”.
  • (p)(4) Pub. L. 97–248, § 356(b)(1)(D), (E), substituted “(i)(1), (2), (3), or (5)” for “(i)(1), (2), or (5)” wherever…
  • (p)(6)(B)(i) Pub. L. 97–248, § 356(b)(1)(F), substituted “subsection (i)(7)(A)(ii)” for “subsection (i)(6)(A)(ii)”.

§ 6157 Payment of Federal unemployment tax on quarterly or other time period basis

  • (b) Pub. L. 97–248, § 271(c)(3)(C), substituted “0.6” for “0.5” in two places.
  • (b) Pub. L. 97–248, § 271(b)(2)(C), substituted “0.8” for “0.7”.

§ 6164 Extension of time for payment of taxes by corporations expecting carrybacks

  • (c) Pub. L. 97–248, § 234(b)(2)(C)(i), substituted “shall be the date on which payment would have been required if such…
  • (g)(2) Pub. L. 97–248, § 234(b)(2)(C)(ii), substituted “date on which payment would have been required if there had been no…

§ 6213 Restrictions applicable to deficiencies; petition to Tax Court

  • (h) Pub. L. 97–248 added par. (4).

§ 6216 Cross references

  • (4) Pub. L. 97–248 added par. (4).

§ 6325 Release of lien or discharge of property

  • (a) Pub. L. 97–248 in introductory provisions substituted “shall issue” for “may issue” and “not later than 30 days after…

§ 6331 Levy and distraint

  • (d) Pub. L. 97–248 inserted authority to levy upon property other than salary or wages, substituted “person” for…
  • (e) Pub. L. 97–248 redesignated former subsec. (d)(3) as (e). Former subsec. (e) redesignated (f).
  • (f) Pub. L. 97–248 redesignated former subsec. (e) as (f).

§ 6334 Property exempt from levy

  • (a)(2) Pub. L. 97–248, § 347(a)(1), substituted “$1,500” for “$500”.
  • (a)(3) Pub. L. 97–248, § 347(a)(2), substituted “$1,000” for “$250”.
  • (d)(1) Pub. L. 97–248, § 347(a)(3)(A), substituted “$75” for “$50”.
  • (d)(1) Pub. L. 97–248, § 347(a)(3)(B), substituted “$25” for “$15”.

§ 6337 Redemption of property

  • (b)(1) Pub. L. 97–248 substituted “180 days” for “120 days”.

§ 6401 Amounts treated as overpayments

  • (b) Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

§ 6413 Special rules applicable to certain employment taxes

  • § 6413 Catchline and subsecs. (a)(1), (b), (c)(1). Pub. L. 97–248 provided that, applicable to payments of interest…

§ 6422 Cross references

  • § 6422 Pub. L. 97–248 added par. (15).

§ 6427 Fuels not used for taxable purposes

  • (d) Pub. L. 97–248 inserted “or in certain helicopters” after “museums” in heading and “or is used in a helicopter for a…

§ 6501 Limitations on assessment and collection

  • (o) Pub. L. 97–248 substituted “Special rules for partnership items” for “Special rules for partnership items of federally…

§ 6504 Cross references

  • § 6504 Pub. L. 97–248 added par. (12).

§ 6511 Limitations on credit or refund

  • (g) Pub. L. 97–248 substituted “Special rule for claims with respect to partnership items” for “Special rule for…

§ 6512 Limitations in case of petition to Tax Court

  • (a)(4) Pub. L. 97–248, § 402(c)(8), added par. (4).
  • (b)(2) Pub. L. 97–248, § 402(c)(9), substituted “(c), or (d)” for “(c), (d), or (g)” wherever appearing.

§ 6515 Cross references

  • § 6515 Pub. L. 97–248 added par. (7).

§ 6601 Interest on underpayment, nonpayment, or extensions of time for payment, of tax

  • (d)(1) Pub. L. 97–248, § 346(c)(2)(A), substituted “the filing date for the taxable year” for “the last day of the taxable…
  • (d)(2) Pub. L. 97–248, § 346(c)(2)(B), as amended by Pub. L. 98–369, § 346(c)(2)(B), substituted “the filing date for” for…
  • (d)(4) Pub. L. 97–248, § 346(c)(2)(C), added par. (4).
  • (e) Pub. L. 97–248, § 344(b)(1), struck out par. (2) which had provided that no interest under this section was to be…

§ 6611 Interest on overpayments

  • (b)(3) Pub. L. 97–248, § 346(a), added par. (3).
  • (f)(1) Pub. L. 97–248, § 346(c)(1)(A), substituted “the filing date for the taxable year” for “the close of the taxable year”.
  • (f)(2) Pub. L. 97–248, § 346(c)(1)(B), substituted “the filing date for” for “the close of” wherever appearing.
  • (f)(3) (f)(4) Pub. L. 97–248, § 346(c)(1)(C), added par. (3) and redesignated former par. (3) as (4).
  • (g) Pub. L. 97–248, § 346(c)(1)(D), substituted “the filing date (as defined in subsection (f)(3)) for the taxable year”…
  • § 6611 Pub. L. 97–248, § 346(b), added subsec. (i) and redesignated former subsec. (i) as (j).

§ 6621 Determination of rate of interest

  • (b) Pub. L. 97–248 substituted provisions that if the adjusted prime rate charged by banks (rounded to the nearest full…

§ 6622 Interest compounded daily

§ 6651 Failure to file tax return or to pay tax

  • (a) Pub. L. 97–248, § 318(a), inserted provision that, in the case of a failure to file a return of tax imposed by chapter…
  • (c)(1) Pub. L. 97–248, § 318(b)(1), inserted provision that in any case described in last sentence of subsec. (a), the amount…
  • (c)(1) Pub. L. 97–248, § 318(b)(2), inserted “(determined without regard to the last sentence of such subsection)” after…

§ 6652 Failure to file certain information returns, registration statements, etc.

  • (a) Pub. L. 97–248, § 315(a), designated existing provisions as par. (1) with a heading “In general”, redesignated former…
  • (b) Pub. L. 97–248, § 309(b)(2), struck out pars. (3) and (4) which referred to section 6049(a)(2) and section 6049(a)(3)…
  • (f) Pub. L. 97–248, § 315(b), substituted “$25” and “$15,000” for “$10” and “$5,000”, respectively.

§ 6653 Failure to pay stamp tax

  • § 6653 Pub. L. 97–248 designated first sentence of existing provisions as par. (1) with heading “In general”, struck out…

§ 6654 Failure by individual to pay estimated income tax

  • (e)(1) Pub. L. 97–248, §§ 307(a)(14), 308(a), provided that, applicable to payments of interest, dividends, and patronage…
  • (g) Pub. L. 97–248, § 328(a)(2), substituted “(f), and (h)” for “and (f)”.
  • (g)(1) Pub. L. 97–248, § 201(d)(7), formerly § 201(c)(7), substituted “section 55” for “section 55 or 56”.
  • (g) Pub. L. 97–248, §§ 307(a)(14), 308(a), provided that, applicable to payments of interest, dividends, and patronage…
  • (h) (i) Pub. L. 97–248, § 328(a)(1), added subsec. (h) and redesignated former subsec. (h) as (i).

§ 6655 Failure by corporation to pay estimated income tax

  • (a) Pub. L. 97–248, § 234(c), in heading substituted “Addition to tax” for “Addition to the tax”, in provisions preceding…
  • (b)(1) Pub. L. 97–248, § 234(a)(1), substituted “90” for “80” wherever appearing.
  • (d) Pub. L. 97–248, § 234(a)(2), substituted “90” for “80”.
  • (e) Pub. L. 97–248, § 234(d)(1), added subsec. (e). Former subsec. (e) redesignated (f).
  • (f) Pub. L. 97–248, § 234(d), redesignated former subsec. (e) as (f) and substituted references to subsecs. (e) and (i) for…
  • (g) (h) (i) Pub. L. 97–248, § 234(d)(1), redesignated former subsecs. (f) to (h) as (g) to (i), respectively.

§ 6673 Sanctions and costs awarded by courts

  • § 6673 Pub. L. 97–248, § 292(d)(2)(A), substituted “primarily for delay, etc.” for “merely for delay” after “Tax Court” in…
  • (a) Pub. L. 97–248, § 292(b), substituted “or maintained by the taxpayer primarily for delay or that the taxpayer’s…

§ 6679 Failure to file returns, etc., with respect to foreign corporations or foreign partnerships

  • § 6679 Pub. L. 97–248, §§ 340(b)(2), 405(c)(2), as amended by Pub. L. 97–448, § 306(c)(2)(B), substituted “Failure to file…
  • (a) Pub. L. 97–248, §§ 340(b)(1), 405(b), as amended by Pub. L. 97–448, § 306(a)(2)(A), substituted “section 6035, 6046, or…

§ 6682 False information with respect to withholding

  • (a)(1) Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

§ 6700 Promoting abusive tax shelters, etc.

§ 6701 Penalties for aiding and abetting understatement of tax liability

§ 6702 Frivolous tax submissions

§ 6703 Rules applicable to penalties under sections 6700, 6701, and 6702

§ 6704 Failure to keep records necessary to meet reporting requirements under section 6047(d)

§ 6867 Presumptions where owner of large amount of cash is not identified

§ 7201 Attempt to evade or defeat tax

  • § 7201 Pub. L. 97–248 substituted “$100,000 ($500,000 in the case of a corporation)” for “$10,000”.

§ 7203 Willful failure to file return, supply information, or pay tax

  • § 7203 Pub. L. 97–248, § 329(b), substituted “$25,000 ($100,000 in the case of a corporation)” for “$10,000”.
  • § 7203 Pub. L. 97–248, § 327, inserted last sentence providing that, in the case of any person with respect to whom there is a…

§ 7205 Fraudulent withholding exemption certificate or failure to supply information

  • § 7205 Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

§ 7206 Fraud and false statements

  • § 7206 Pub. L. 97–248 substituted “$100,000 ($500,000 in the case of a corporation)” for “$5,000”.

§ 7207 Fraudulent returns, statements, or other documents

  • § 7207 Pub. L. 97–248 substituted “$10,000 ($50,000 in the case of a corporation)” for “$1,000” wherever appearing.

§ 7213 Unauthorized disclosure of information

  • (a)(2) Pub. L. 97–248 inserted “(i)(3)(B)(i),” after “under subsection (d),”.

§ 7215 Offenses with respect to collected taxes

  • (b) Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

§ 7275 Penalty for offenses relating to certain airline tickets and advertising

  • (a) Pub. L. 97–248 redesignated former par. (1) as pars. (1) and (2) and struck out former par. (2) which provided that a…

§ 7408 Actions to enjoin specified conduct related to tax shelters and reportable transactions

§ 7410 Cross references

    § 7422 Civil actions for refund

    • (h) (i) Pub. L. 97–248 added subsec. (h) and redesignated former subsec. (h) as (i).

    § 7426 Civil actions by persons other than taxpayers

    • (b)(2)(C) Pub. L. 97–248 inserted “if such property was sold,” before “grant a judgment” and “the greater of—” after “not…

    § 7430 Awarding of costs and certain fees

    § 7431 Civil damages for unauthorized inspection or disclosure of returns and return information

    § 7437 Cross references

      § 7451 Petitions

      • § 7451 Pub. L. 97–248 inserted provision relating to judicial review under section 6226 or section 6228(a).

      § 7456 Administration of oaths and procurement of testimony

      • (c) Pub. L. 97–248 inserted “6226, 6228(a),” after “proceedings under sections”.

      § 7459 Reports and decisions

      • (c) Pub. L. 97–248 inserted “or in the case of an action brought under section 6226 or section 6228(a)” after “or under…

      § 7482 Courts of review

      • (b)(1) Pub. L. 97–248 added subpar. (F), and in provisions following subpar. (F) inserted “, or the petition under section…

      § 7485 Bond to stay assessment and collection

      • (b) (c) Pub. L. 97–248 added subsec. (b) and redesignated former subsec. (b) as (c).

      § 7602 Examination of books and witnesses

      • § 7602 Pub. L. 97–248 redesignated existing provisions as subsec. (a), added subsec. (a) heading, and added subsecs. (b) and…

      § 7609 Special procedures for third-party summonses

      • (a)(1) Pub. L. 97–248, § 331(d)(1), substituted “the 23rd day” for “the 14th day”, and substituted “an explanation of the…
      • (a)(3) Pub. L. 97–248, § 311(b), added subpar. (G).
      • (b) Pub. L. 97–248, § 331(a), (d)(2), substituted “right to proceeding to quash” for “right to stay compliance” in heading…
      • (d) Pub. L. 97–248, § 331(b), substituted in par. (1) provision that, no examination of records be made before the close of…
      • (h) Pub. L. 97–248, § 331(c), inserted “; etc.” after “court” in heading, in par. (1) added heading and substituted “any…
      • (i) Pub. L. 97–248, § 332(a), added subsec. (i).

      § 7654 Coordination of United States and certain possession individual income taxes

      • (d) Pub. L. 97–248 provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited…

      § 7701 Definitions

      • (a)(16) Pub. L. 97–248, §§ 307(a)(17), 308(a), provided that, applicable to payments of interest, dividends, and patronage…
      • (a)(38) Pub. L. 97–248, § 201(d)(10), formerly § 201(c)(10), added par. (38) relating to joint return.
      • (a)(38) Pub. L. 97–248, § 336(a), added par. (38) relating to persons residing outside the United States.

      § 9501 Black Lung Disability Trust Fund

      • § 9501 Pub. L. 97–248 struck out “Establishment of” before “Black Lung” in section catchline.

      § 9502 Airport and Airway Trust Fund