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e-CFR data is current as of March 4, 2021

Title 26Chapter ISubchapter APart 1

TITLE 26—Internal Revenue





Exempt Organizations

Exemption from taxation.
Corporations organized to hold title to property for exempt organizations.
Organizations organized and operated for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals.
Civic organizations and local associations of employees.
Labor, agricultural, and horticultural organizations.
Business leagues, chambers of commerce, real estate boards, and boards of trade.
Social clubs.
Fraternal beneficiary societies.
Voluntary employees' beneficiary associations, in general.
Membership in a voluntary employees' beneficiary association; employees; voluntary association of employees.
Voluntary employees' beneficiary associations; life, sick, accident, or other benefits.
Voluntary employees' beneficiary associations; inurement.
Voluntary employees' beneficiary associations; recordkeeping requirements.
Voluntary employees' beneficiary associations; benefits includible in gross income.
Voluntary employees' beneficiary associations; section 3(4) of ERISA.
Voluntary employees' beneficiary associations; effective date.
Certain fraternal beneficiary societies.
Local benevolent life insurance associations, mutual irrigation and telephone companies, and like organizations.
Cemetery companies and crematoria.
Credit unions and mutual insurance funds.
Mutual insurance companies or associations.
Corporations organized to finance crop operations.
Supplemental unemployment benefit trusts.
General rules.
Relation to other sections of the Code.
Certain funded pension trusts.
War veterans organizations.
Black lung trusts—certain terms.
Same—trust instrument.
CO-OP Health Insurance Issuers.
Religious and apostolic associations or corporations.
Cooperative hospital service organizations.
Application of the expenditure test to expenditures to influence legislation; introduction.
Electing the expenditure test.
Lobbying or grass roots expenditures normally in excess of ceiling amount.
Outline of regulations.
Failures to satisfy section 501(r).
Community health needs assessments.
Financial assistance policy and emergency medical care policy.
Limitation on charges.
Billing and collection.
Effective/applicability dates.
Feeder organizations.
Denial of exemption to certain organizations engaged in prohibited transactions.
Prohibited transactions.
Future status of organizations denied exemption.
Cross references.
Special rules.
Effective dates.
Loans by employers who are prohibited from pledging assets.
Attempts to influence legislation; certain organizations formerly described in section 501(c)(3) denied exemption.
Certain transfers made to avoid section 504(a).
Questions and answers relating to the notification requirement for recognition of exemption under paragraphs (9), (17) and (20) of Section 501(c) (temporary).
Organizations required to notify Commissioner of intent to operate under section 501(c)(4).

Private Foundations

General rule.
Special rules; transfer to, or operation as, public charity.
Special rules; transferee foundations.
Imposition of tax.
Aggregate tax benefit; in general.
Substantial contributor defined.
Value of assets.
Liability in case of transfers.
Abatement of taxes.
Disallowance of certain charitable, etc., deductions.
Governing instruments.
Effective date.
Definition of private foundation.
Exclusion for certain organizations described in section 170(b)(1)(A).
Broadly, publicly supported organizations.
Supporting organizations.
Special rules of attribution.
Classification under section 509(a).
Reliance by grantors and contributors to section 509(a) (1), (2), and (3) organizations.
Continuation of private foundation status.
Status of organization after termination of private foundation status.
Definition of support
Definition of gross investment income.

Taxation of Business Income of Certain Exempt Organizations

Imposition and rates of tax.
Organizations subject to tax.
Provisions generally applicable to the tax on unrelated business income.
Minimum tax for tax preferences.
Definition applicable to taxable years beginning before December 13, 1967.
Special rules applicable to war veterans organizations.
Questions and answers relating to the unrelated business taxable income of organizations described in paragraphs (9) or (17) of section 501(c).
Special rule for organizations with more than one unrelated trade or business.
Special rules applicable to partnerships; in general.
Definition of unrelated trade or business.
Definition of unrelated trade or business applicable to taxable years beginning before December 13, 1967.
Qualified convention and trade show activity.
Certain sponsorship not unrelated trade or business.
Certain bingo games not unrelated trade or business.
Certain hospital services not unrelated trade or business.
Travel and tour activities of tax exempt organizations.
Unrelated debt-financed income and deductions.
Business lease rents and deductions for taxable years beginning before January 1, 1970.
Definition of debt-financed property.
Acquisition indebtedness.
Permitted allocations under section 514(c)(9)(E).
Basis of debt-financed property acquired in corporate liquidation.
Allocation rules.
Definition of business lease.
Business lease indebtedness.

Farmers' Cooperatives

Farmers' cooperative marketing and purchasing associations; requirements for exemption under section 521.
Tax treatment of farmers' cooperative marketing and purchasing associations exempt under section 521.
Manner of taxation of cooperative associations subject to section 522.
Patronage dividends, rebates, or refunds; treatment as to cooperative associations entitled to tax treatment under section 522.
Taxable years affected.
Political organizations; generally.
Exempt function income.
Special rules for computation of political organization taxable income.
Activities resulting in gross income to an individual or political organization.
Inclusion of certain amounts in the gross income of an exempt organization which is not a political organization.
Newsletter funds.
Effective date; filing requirements; and miscellaneous provisions.
Special rule for principal campaign committees.

Homeowners Associations

Homeowners associations.
Organized and operated to provide for the acquisition, construction, management, maintenance and care of association property.
Association property.
Substantiality test.
Source of income test.
Expenditure test.
Election to be treated as a homeowners association.
Exempt function income.
Special rules for computation of homeowners association taxable income and tax.

Qualified ABLE Programs

Table of contents.
Exempt status of qualified ABLE program and definitions.
Qualified ABLE program.
Tax treatment.
Gift, estate, and generation-skipping transfer taxes.
Reporting of the establishment of and contributions to an ABLE account.
Reporting of distributions from and termination of an ABLE account.
Electronic furnishing of statements to designated beneficiaries and contributors.
Applicability dates and transition relief.

Corporations Used To Avoid Income Tax on Shareholders

Imposition of tax.
Corporations subject to accumulated earnings tax.
Evidence of purpose to avoid income tax.
Statement required.
Burden of proof as to unreasonable accumulations generally.
Burden of proof as to unreasonable accumulations in cases before the Tax Court.
Jeopardy assessments in Tax Court cases.
Adjustments to taxable income.
Accumulated earnings credit.
Short taxable years.
Reasonable needs of the business.
Grounds for accumulation of earnings and profits.
Business of the corporation.

Personal Holding Companies

Imposition of tax.
General rule.
Gross income requirement.
Stock ownership requirement.
Corporations filing consolidated returns.
Personal holding company income.
Limitation on gross income and personal holding company income in transactions involving stocks, securities, and commodities.
Constructive ownership.
Constructive ownership by reason of indirect ownership.
Constructive ownership by reason of family and partnership ownership.
Convertible securities.
Constructive ownership as actual ownership.
Option rule in lieu of family and partnership rule.
Adjustments to taxable income.
Special adjustment to taxable income.
General rule.
Requirements for deficiency dividends.
Claim for credit or refund.
Effect on dividends paid deduction.
Deduction denied in case of fraud or wilful failure to file timely return.
Suspension of statute of limitations and stay of collection.
Effective date.

Foreign Personal Holding Companies

General rule.
Amount included in gross income.

Deduction for Dividends Paid

Deduction for dividends paid.
When dividends are considered paid.
Dividends for which the dividends paid deduction is allowable.
Preferential dividends.
Distributions by a member of an affiliated group.
Accumulated earnings tax.
Personal holding company tax.
Dividends considered as paid on last day of taxable year.
Dividend carryover.
General rule.
Effect of consent.
Consent dividends and other distributions.
Nonresident aliens and foreign corporations.

Banking Institutions

Mutual savings banks, building and loan associations, and cooperative banks.
Definition of bank prior to September 28, 1962.
Bad debts, losses, and gains with respect to securities held by financial institutions.
Common trust funds.
Income of participants in common trust fund.
Computation of common trust fund income.
Admission and withdrawal of participants in the common trust fund.
Returns of banks with respect to common trust funds.
Net operating loss deduction.
Reserve for losses on loans of banks.
Addition to reserve.
Special rules.
Reorganizations and asset acquisitions.
Denial of bad debt reserves for large banks.
Recapture method of changing from the reserve method of section 585.
Elective cut-off method of changing from the reserve method of section 585.
Rules for making and revoking elections under §§1.585-6 and 1.585-7.

Mutual Savings Banks, Etc.

Deduction for dividends paid on deposits.
Repayment of certain loans by mutual savings banks, building and loan associations, and cooperative banks.
Mutual savings banks conducting life insurance business.
Limitation on dividends received deduction.
Taxation of FFA.
Other rules.
Bridge Banks and Agency Control.
Taxable Transfers.
Limitation on collection of federal income tax.
Effective/applicability dates.
Transitional rules for Federal financial assistance.

Bank Affiliates

Special deduction for bank affiliates.

Natural Resources

Regulatory authority.
Allowance of deduction for depletion.
Rules applicable to mines, oil and gas wells, and other natural deposits.
Rules applicable to timber.
Depletion as a factor in computing earnings and profits for dividend purposes.
Depreciation of improvements.
Basis for allowance of cost depletion.
Allowable capital additions in case of mines.
Depletion; treatment of bonus and advanced royalty.
Charges to capital and to expense in case of oil and gas wells.
Charges to capital and to expense in case of geothermal wells.
Percentage depletion; general rule.
Percentage depletion rates.
Gross income from the property.
Gross income from the property in the case of minerals other than oil and gas.
Taxable income from the property.
Statement to be attached to return when depletion is claimed on percentage basis.
Application of percentage depletion rates provided in section 613(b) to certain taxable years ending in 1954.
Limitations on percentage depletion in the case of oil and gas wells; table of contents.
Post-1974 limitations on percentage depletion in case of oil and gas wells; general rule.
Exemption for certain domestic gas wells.
Exemption for independent producers and royalty owners.
Limitations on application of §1.613A-3 exemption.
Election under section 613A(c)(4).
Recordkeeping requirements.
Definition of property.
Election to aggregate separate operating mineral interests under section 614(b) prior to its amendment by Revenue Act of 1964.
Rules relating to separate operating mineral interests in the case of mines.
Treatment under the Internal Revenue Code of 1939 with respect to separate operating mineral interests for taxable years beginning before January 1, 1964, in the case of oil and gas wells.
Special rules as to aggregating nonoperating mineral interests.
Rules applicable to basis, holding period, and abandonment losses where mineral interests have been aggregated or combined.
Extension of time for performing certain acts.
Elections with respect to separate operating mineral interests for taxable years beginning after December 31, 1963, in the case of oil and gas wells.
Pre-1970 exploration expenditures.
Deduction of pre-1970 exploration expenditures in the year paid or incurred.
Election to defer pre-1970 exploration expenditures.
Limitation of amount deductible.
Time for making election with respect to returns due on or before May 2, 1960.
Election to deduct under section 615.
Effect of transfer of mineral property.
Termination of section 615.
Notification under Tax Reform Act of 1969.
Development expenditures.
Election to defer.
Time for making election with respect to returns due on or before May 2, 1960.
Exploration expenditures.
Limitation on amount deductible.
Recapture of exploration expenditures.
Treatment of gain from disposition of certain mining property.
Effective/applicability date.

Sales and Exchanges

Election to consider cutting as sale or exchange.
Gain or loss upon the disposal of timber under cutting contract.
Gain or loss upon the disposal of coal or domestic iron ore with a retained economic interest.
Tax on sale of oil or gas properties.

Mineral Production Payments

Treatment of production payments as loans.
Production payments retained in leasing transactions.
Effective dates of section 636.

Continental Shelf Areas

Continental Shelf areas.
Effective date.

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