Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 26 - Internal Revenue |
Chapter I - Internal Revenue Service, Department of the Treasury |
SubChapter A - Income Tax |
Part 1 - Income Taxes |
Claim of Right |
§ 1.1342-1 - Computation of tax where taxpayer recovers substantial amount held by another under claim of right; effective date.
Latest version.
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§ 1.1342-1 Computation of tax where taxpayer recovers substantial amount held by another under claim of right; effective date.
Section 1342 shall apply with respect to taxable years beginning after December 31, 1954.
[T.D. 6500, 25 FR 12052, Nov. 26, 1960]