CHAPTER I-INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) EDITORIAL NOTE: IRS published a document at 45 FR 6088, Jan. 25, 1980, deleting statutory sections from their regulations. In Chapter I, cross references to the deleted material have been changed to the corresponding sections of the IRS Code of 1954 or to the appropriate regulations sections. When either such change produced a redundancy, the cross reference has been deleted. For further explanation, see 45 FR 20795, March 31, 1980. SUBCHAPTER A-INCOME TAX (CONTINUED) Part Part Income taxes Page 5 SUPPLEMENTARY PUBLICATIONS: Internal Revenue Service Looseleaf Regulations System. Additional supplementary publications are issued covering Alcohol and Tobacco Tax Regulations, and Regulations Under Tax Conventions. SUBCHAPTER A-INCOME TAX (CONTINUED) PART 1-INCOME TAXES NORMAL TAXES AND SURTAXES (CONTINUED) COMPUTATION OF TAXABLE INCOME (Continued) ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS (CONTINUED) Sec. 1.170-0 Effective dates. 1.170-1 Charitable, etc., contributions and gifts; allowance of deduction (before amendment by Tax Reform Act of 1969). 1.170-2 Charitable deductions by individuals; limitations (before amendment by Tax Reform Act of 1969). 1.170-3 Contributions or gifts by corporations (before amendment by Tax Reform Act of 1969). 1.170A-1 Charitable, etc., contributions and gifts; allowance of deduction. 1.170A-1T Charitable, etc., contributions and gifts; allowance of deduction (temporary). 1.170A-2 Amounts paid to maintain certain students as members of the taxpayer's household. 1.170A-3 Reduction of charitable contribution for interest on certain indebtedness. 1.170A-4 Reduction in amount of charitable contributions of certain appreciated property. 1.170A-4A Special rule for the deduction of certain charitable contributions of inventory and other property. 1.170A-5 Future interests in tangible personal property. 1.170A-6 Charitable contributions in trust. 1.170A-7 Contributions not in trust of partial interests in property. 1.170A-8 Limitations on charitable deduc 1.171-4 Election to amortize bond premium on taxable bonds. 1.171-5 Effective date and transition rules. 1.172-1 Net operating loss deduction. 1.172-2 Net operating loss in case of a cor poration. 1.172-3 Net operating loss in case of a taxpayer other than a corporation. 1.172-4 Net operating loss carrybacks and net operating loss carryovers. 1.172-5 Taxable income which is subtracted from net operating loss to determine carryback or carryover. 1.172-6 Illustration of net operating loss carrybacks and carryovers. 1.172-7 Joint return by husband and wife. 1.172-8 Net operating loss carryovers for regulated transportation corporations. 1.172-9 Election with respect to portion of net operating loss attributable to foreign expropriation loss. 1.172-10 Net operating losses of real estate investment trusts. 1.172-13 Product liability losses. 1.173-1 Circulation expenditures. 1.174-1 Research and experimental expendi tures; in general. 1.174-2 Definition of research and experimental expenditures. 1.174-3 Treatment as expenses. 1.174-4 Treatment as deferred expenses. 1.175-1 Soil and water conservation expendi tures; in general. 1.175-2 Definition of soil and water conservation expenditures. 1.175-3 Definition of "the business of farming." 1.175-4 Definition of "land used in farming." 1.175-5 Percentage limitation and carry over. 1.175-6 Adoption or change of method. 1.175-7 Allocation of expenditures in certain circumstances. 1.177-1 Election to amortize trademark and trade name expenditures. 1.178-1 Depreciation or amortization of improvements on leased property and cost of acquiring a lease. 1.178-2 Related lessee and lessor. 1.178-3 Reasonable certainty test. 1.179-0 Table of contents for section 179 ex pensing rules. 1.179-1 Election to expense certain depre ciable assets. 1.179-2 Limitations on amount subject to section 179 election. 1.179-3 Carryover of disallowed deduction. 1.179-4 Definitions. 1.179-5 Time and manner of making election. 1.179-6 Effective date. 1.179A-1 Recapture of deduction for qualified clean-fuel vehicle property and 1.214A-3 Reduction of expenses for certai disability payments and adjusted gros income. 1.214A-4 Special rules applicable to marrie individuals. 1.214A-5 Other special rules relating to en ployment-related expenses. 1.215-1 Periodic alimony, etc., payments. 1.215-1T Alimony, etc., payments (tem porary). 1.216-1 Amounts representing taxes and in terest paid to cooperative housing cor poration. 1.216-2 Treatment as property subject to de preciation. 1.217-1 Deduction for moving expenses pai or incurred in taxable years beginnin before January 1, 1970. 1.217-2 Deduction for moving expenses pai or incurred in taxable years beginnin after December 31, 1969. 1.219-1 Deduction for retirement savings. 1.219-2 Definition of active participant. 1.221-1 Deduction for interest paid on quali fied education loans after December 31 2001. 1.221-2 Deduction for interest due and pai on qualified education loans before Janu ary 1, 2002. SPECIAL DEDUCTIONS FOR CORPORATIONS 1.241-1 Allowance of special deductions. 1.242-1 Deduction for partially tax-exemp interest. 1.243-1 Deduction for dividends received by corporations. 1.243-2 Special rules for certain distributions. 1.243-3 Certain dividends from foreign cor porations. 1.243-4 Qualifying dividends. 1.243-5 Effect of election. 1.244-1 Deduction for dividends received or certain preferred stock. 1.244-2 Computation of deduction. 1.245-1 Dividends received from certain for eign corporations. 1.246-1 Deductions not allowed for dividends from certain corporations. 1.246-2 Limitation on aggregate amount on deductions. 1.246-3 Exclusion of certain dividends. 1.246-4 Dividends from a DISC or former DISC. 1.246-5 Reduction of holding periods in certain situations. 1.247-1 Deduction for dividends paid on pre ferred stock of public utilities. 1.248-1 Election to amortize organizational expenditures. 1.249-1 Limitation on deduction of bond premium on repurchase. 1.265-2 Interest relating to tax-exempt in come. 1.265-3 Nondeductibility of interest relating to exempt-interest dividends. 1.266-1 Taxes and carrying charges chargeable to capital account and treated as capital items. 1.267(a)-1 Deductions disallowed. 1.267(a)-2T Temporary regulations; ques tions and answers arising under the Tax Reform Act of 1984 (temporary). 1.267(a)-3 Deduction of amounts owed to related foreign persons. 1.267(b)-1 Relationships. 1.267(c)-1 Constructive ownership of stock. 1.267(d)-1 Amount of gain where loss pre viously disallowed. 1.267(d)-2 Effective date; taxable years subject to the Internal Revenue Code of 1939. 1.267(f)-1 Controlled groups. 1.268-1 Items attributable to an ITEMS NOT DEDUCTIBLE 1.261-1 General rule for disallowance of deductions. 1.262-1 Personal, living, and family ex penses. 1.263(a) 0 Table of contents. certain expenditures. 1.263(a) 4 Amounts paid to acquire or create intangibles. 1.263(a)-5 Amounts paid or incurred to facilitate an acquisition of a trade or business, a change in the capital structure of a business entity, and certain other transactions. 1.263(b)-1 Expenditures for advertising or promotion of good will. 1.263(c)-1 Intangible drilling and develop- 1.263(e)-1 Expenditures in connection with 1.263A-1 Uniform capitalization of costs. (temporary). 1.263A-2 Rules relating to property produced by the taxpayer. 1.263A-2T Rules relating to property produced by the taxpayer (temporary). 1.263A-3 Rules relating to property acquired for resale. 1.263A-4 Rules for property produced in a farming business. 1.263A-5 Exception for qualified creative expenses incurred by certain free-lance authors, photographers, and artists. [Reserved] 1.263A-6 Rules for foreign persons. [Reserved] 1.263A-7 Changing a method of accounting under section 263A. 1.263A-8 Requirement to capitalize interest. 1.263A-9 The avoided cost method. 1.263A-10 Unit of property. 1.263A-11 Accumulated production expendi tures. 1.263A-12 Production period. 1.263A-15 Effective dates, transitional rules, and anti-abuse rule. 1.264-1 Premiums on life insurance taken out in a trade or business. 1.264-2 Single premium life insurance, endowment, or annuity contracts. 1.264-3 Effective date; taxable years ending after March 1, 1954, subject to the Internal Revenue Code of 1939. 1.264-4 Other life insurance, endowment, or annuity contracts. 1.265-1 Expenses relating to tax-exempt in come. unharvested crop sold with the land. 1.269-1 Meaning and use of terms. 1.269-4 Power of district director to allocate 1.269B-1 Stapled foreign corporations. to individuals in certain cases. 1.273-1 Life or terminable interests. 1.274-2 Disallowance of deductions for cer- 1.274-3 Disallowance of deduction for gifts. 1.274-4 Disallowance of certain foreign trav el expenses. 1.274-5 Substantiation requirements. 1.274-5T Substantiation requirements (temporary). 1.274-6 Expenditures deductible without regard to trade or business or other income producing activity. 1.274-6T Substantiation with respect to certain types of listed property for taxable years beginning after 1985 (temporary). 1.274-7 Treatment of certain expenditures with respect to entertainment-type facilities. 1.274-8 Effective date. 1.275-1 Deduction denied in case of certain taxes. |