View source for Internal Revenue Code

{{Short description|United States federal tax code}}
{{Use mdy dates|date=October 2023}} {{Use American English|date=October 2023}}
{{UStaxation}}
{{Infobox United States Code}}The '''Internal Revenue Code of 1986''' ('''IRC'''), is the domestic portion of federal statutory [[tax law]] in the United States. It is codified in statute as '''Title 26''' of the [[United States Code]].<ref>Other federal tax law is contained in other titles of the [[United States Code]], such as [[Title 11 of the United States Code|Title 11]] (relating to bankruptcy) and [[Title 19 of the United States Code|Title 19]] (Customs Duties).</ref> The IRC is organized topically into subtitles and sections, covering federal [[income tax in the United States]], [[payroll tax]]es, [[Inheritance tax|estate taxes]], [[gift tax]]es, and [[Excise|excise taxes]]; as well as procedure and administration. The Code's implementing federal agency is the [[Internal Revenue Service]].

== Origins of tax codes in the United States ==
Prior to 1874, U.S. statutes (whether in tax law or other subjects) were not codified. That is, the acts of Congress were not organized and published in separate volumes based on the subject matter (such as taxation, bankruptcy, etc.). Codifications of statutes, including tax statutes, undertaken in 1873 resulted in the [[Revised Statutes of the United States]], approved June 22, 1874, effective for the laws in force as of December 1, 1873. Title 35 of the Revised Statutes was the Internal revenue title. Another codification was undertaken in 1878.

In 1919, a committee of the U.S. House of Representatives began a project to recodify U.S. statutes, which eventually resulted in a new United States Code in 1926 (including tax statutes).

== Internal Revenue Code of 1939 ==
The tax statutes were re-codified by an Act of Congress on February 10, 1939 as the "Internal Revenue Code" (later known as the "Internal Revenue Code of 1939"). The 1939 Code was published as volume 53, Part I, of the [[United States Statutes at Large]] and as title 26 of the United States Code. Subsequent permanent tax laws enacted by the [[United States Congress]] updated and amended the 1939 Code.

== Internal Revenue Code of 1954 ==
On August 16, 1954, in connection with a general overhaul of the [[Internal Revenue Service]], the IRC was greatly reorganized by the [[83rd United States Congress]] and expanded (by Chapter 736, {{USPL|83|591}}). [[Ward M. Hussey]] was the principal drafter of the Internal Revenue Code of 1954. The code was published in volume 68A of the [[United States Statutes at Large]]. To prevent confusion with the 1939 Code, the new version was thereafter referred to as the "Internal Revenue Code of 1954" and the prior version as the "Internal Revenue Code of 1939". The lettering and numbering of subtitles, sections, etc., was completely changed. For example, section 22 of the 1939 Code (defining gross income) was roughly analogous to section 61 of the 1954 Code. The 1954 Code replaced the 1939 Code as title 26 of the [[United States Code]].

The 1954 Code temporarily extended the [[Revenue Act of 1951]]'s 5 percentage point increase in corporate tax rates through March 31, 1955, increased [[depreciation]] deductions by providing additional depreciation schedules, and created a 4 percent dividend tax credit for individuals.

=== Relationship to Title 26 of the United States Code ===
The Internal Revenue Code of 1954 was enacted in the form of a separate code by act of August 16, 1954, ch. 736, {{USStat|68A|1}}. The [[Tax Reform Act of 1986]]<ref>{{USStatute|99|514|100|2085|1986|10|22}}, § 2(a)</ref> changed the name of the 1954 Code to the "Internal Revenue Code of 1986". In addition to being published in various volumes of the United States Statutes at Large, the Internal Revenue Code is separately published as Title 26 of the United States Code. The text of the Internal Revenue Code as published in title 26 of the U.S. Code is virtually identical to the Internal Revenue Code as published in the various volumes of the [[United States Statutes at Large]].<ref>An apparently insignificant discrepancy between the wording in the Statutes at Large and the wording in some editions of the U.S. Code with respect to a provision of the Internal Revenue Code (specifically, the words "any papers" in the first sentence of {{UnitedStatesCodeSec|26|6104(a)(1)(A)}} is described by the U.S. Court of Appeals for the District of Columbia in the case of ''[[Tax Analysts v. Internal Revenue Serv.]]'', 214 F.3d 179 (D.C. Cir. 2000), in footnote 1, at [https://scholar.google.com/scholar_case?q=%22Moreover,+while+McLain+is+technically+correct+in+arguing%22&as_sdt=3,44&case=10118460480060482019&scilh=0]. According to the Court, some versions of the U.S. Code show the text as "any paper" while the Statutes at Large version shows the text as "any papers".</ref> Of the 50 enacted titles, the Internal Revenue Code is the only volume that has been published in the form of a separate code.

=== Progressivity of the 1954 Code ===
With respect to the [[Income tax in the United States|federal income tax]] on individuals, the 1954 Code imposed a [[progressive tax]] with 24 income brackets applying to tax rates ranging from 20% to 91%. For example, the following is a schedule showing the federal [[marginal tax rate|marginal income tax rate]] imposed on each level of [[taxable income]] of a single (unmarried) individual under the 1954 Code:

{|class=wikitable style="text-align:center"
! Income level
! Tax rate
! 2008 PPC adjusted income<ref>{{cite web |url=https://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=5&FirstYear=1954&LastYear=2008&Freq=Year |title=National Income and Product Accounts Table |publisher=U.S. Department of Commerce, Bureau of Economic Analysis |access-date=2018-03-09 |archive-date=2012-03-06 |archive-url=https://web.archive.org/web/20120306070813/http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=5&FirstYear=1954&LastYear=2008&Freq=Year |url-status=dead }}</ref>
|-
| up to $2,000.00
| 20%
| up to $37,500.00
|-
| $2,000.01–$4,000.00
| 22%
| $37,500.01–$75,000
|-
| $4,000.01–$6,000.00
| 26%
| $75,000.01–$112,500
|-
| $6,000.01–$8,000.00
| 30%
| $112,500.01–$150,000
|-
| $8,000.01–$10,000.00
| 34%
| $150,000.01–187,500
|-
| $10,000.01–$12,000.00
| 38%
| $187,500.01–$225,000
|-
| $12,000.01–$14,000.00
| 43%
| $225,000.01–$262,500
|-
| $14,000.01–$16,000.00
| 47%
| $262,500.01–$300,000
|-
| $16,000.01–$18,000.00
| 50%
| $300,000.01–$337,500
|-
| $18,000.01–$20,000.00
| 53%
| $337,500.01–$375,000
|-
| $20,000.01–$22,000.00
| 56%
| $375,000.01–$412,500
|-
| $22,000.01–$26,000.00
| 59%
| $412,500.01–487,500
|-
| $26,000.01–$32,000.00
| 62%
| $487,500.01–$600,000
|-
| $32,000.01–$38,000.00
| 65%
| $600,000.01–$712,500
|-
| $38,000.01–$44,000.00
| 69%
| $712,500.01–$825,000
|-
| $44,000.01–$50,000.00
| 72%
| $825,000.01–$937,500
|-
| $50,000.01–$60,000.00
| 75%
| $937,500.01–$1,125,000
|-
| $60,000.01–$70,000.00
| 78%
| $1,125,000.01–$1,312,500
|-
| $70,000.01–$80,000.00
| 81%
| $1,312,500.01–$1,500,000
|-
| $80,000.01–$90,000.00
| 84%
| $1,500,000.01–$1,687,500
|-
| $90,000.01–$100,000.00
| 87%
| $1,687,500.01–$1,875,000
|-
| $100,000.01–$150,000.00
| 89%
| $1,875,000.01–$2,812,500
|-
| $150,000.01–$200,000.00
| 90%
| $2,812,500.01–$3,750,000
|-
| $200,000.01 or more
| 91%
| $3,750,000.01 or more
|}
* ''Source: Internal Revenue Code of 1954, {{USStatute|83|591|68A|5|1954|08|16}} (modified from text of the statute).''
* Relative GDP: 37.5
** ''Source: [https://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=5&FirstYear=1954&LastYear=2008&Freq=Year Bureau of Economic Analysis historical GDP tables] {{Webarchive|url=https://web.archive.org/web/20120306070813/http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=5&FirstYear=1954&LastYear=2008&Freq=Year |date=2012-03-06 }}''

== Internal Revenue Code of 1986 ==
References to the Internal Revenue Code in the [[United States Code]] and other statutes of Congress subsequent to 1954 generally mean Title 26 of the Code as amended. The basic structure of Title 26 remained the same until the enactment of the comprehensive revision contained in [[Tax Reform Act of 1986]], although individual provisions of the law were changed on a regular basis.

Section 2 of the [[Tax Reform Act of 1986]] provides (in part):
:(a) Redesignation of 1954 Code. – The Internal Revenue Title enacted August 16, 1954, as heretofore, hereby, or hereafter amended, may be cited as the "Internal Revenue Code of 1986".
:(b) References in Laws, Etc. – Except when inappropriate, any reference in any law, Executive order, or other document –
::(1) to the Internal Revenue Code of 1954 shall include a reference to the Internal Revenue Code of 1986, and
::(2) to the Internal Revenue Code of 1986 shall include a reference to the provisions of law formerly known as the Internal Revenue Code of 1954.

Thus, the 1954 Code was renamed the ''Internal Revenue Code of 1986'' by section 2 of the [[Tax Reform Act of 1986]]. The 1986 Act contained substantial amendments, but no formal re-codification. That is, the 1986 Code retained most of the same lettering and numbering of subtitles, chapters, subchapters, parts, subparts, sections, etc. The 1986 Code, as amended from time to time (and still published as title 26 of the United States Code), retains the basic structure of the 1954 Code.

== Commonly misunderstood special definitions ==
* [[Employment#U.S. Law|Employee]]
* [[Wage#US Law|Wages]]
* Many others can be found at https://www.law.cornell.edu/uscode/text/26/3401

==Individual and corporate income tax==
[[Internal Revenue Code section 1|Section 1 of the Internal Revenue Code]] imposes the federal income tax on the taxable income of U.S. citizens and residents, and of estates and trusts. The corporate income tax is imposed by Internal Revenue Code esection 11.

== Organization ==
{{see also|United States Code#Organization}}
The organization of the Internal Revenue Code, as enacted in hundreds of Public Laws passed by the U.S. Congress since 1954, is identical to the organization of the Internal Revenue Code separately published as Title 26 of the U.S. Code.

For example, section 45(b)(7)(B)(i)(I)(aa)(AA) ([[26 U.S.C.]] {{USCSub2|26|45|e|7|B|i|I|aa|AA}}) would be as follows:  

'''Title 26: Internal Revenue Code'''
* Subtitle A: Income Taxes
** {{Usctc|26|1|pipe=Chapter 1}}: Normal Taxes and Surtaxes
*** {{Usctc|26|1|A|pipe=Subchapter A}}: Determination of Tax Liability
**** {{Usctc|26|1|A|IV|pipe=Part IV}}: Credits Against Tax
***** {{Usctc|26|1|A|IV|D|pipe=Subpart D}}: Business Related Credits
****** {{USCSec|26|45|pipe=Section 45}}: Electricity produced from certain renewable resources, etc.
******* Subsection (b): Limitations and adjustments
******** Paragraph (7): Prevailing wage requirements
********* Subparagraph (B): Correction and penalty related to failure to satisfy wage requirements
********** Clause (i): In general. In the case of ... such taxpayer-
*********** Subclause (I): makes payment to such laborer or mechanic in an amount equal to the sum of-
************ Item (aa): an amount equal to the difference between-
************* Subitem (AA): the amount of wages paid to such laborer or mechanic during such period, and


The Internal Revenue Code is topically organized and generally referred to by section number (sections 1 through 9834). Some topics are short (e.g., tax rates) and some quite long (e.g., pension & benefit plans).

'''Key IRC Topics By Section:'''

{|class=wikitable
!Sections!!Function

|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-a 1–15] || Tax rates
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-a 21–54] || Credits (refundable and nonrefundable)
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-a 55–59A] || Alternative Minimum Tax & environmental tax
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-b 61–90] || Definition of gross income (before deductions), including items specifically taxable
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-b 101–140] || Specific exclusions from gross income
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-b 141–149] || Private activity bonds
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-b 151–153] || Personal exemptions; dependent defined
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-b 161–199] || Deductions, including interest, taxes, losses, and business related items
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-b 211–224] || Itemized deductions for individuals
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-b 241–250] || Deductions unique to corporations
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-b 261–291] || Nondeductible items, including special rules limiting or deferring deductions
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-c 301–386] || Corporate transactions, including formation, distributions, reorganizations, liquidations (Subchapter C)
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-d 401–436] || Pension and benefit plans: treatment of plans, employers, & beneficiaries
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-e 441–483] || Accounting methods & tax years
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-f 501–530] || Exempt organizations (charitable and other)
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-g 531–565] || Accumulated earnings tax and personal holding companies
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-h 581–597] || Banks: special rules for certain items
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-i 611–638] || Natural resources provisions: depletion, etc.
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-j 641–692] || Trusts & estates: definitions, income tax on same & beneficiaries
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-k 701–777] || Partnerships: definitions, treatment of entities and members, special rules (Subchapter K)
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-l 801–848] || Insurance companies: special rules, definitions
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-m 851–860] || Regulated investment companies (mutual funds) and Real Estate Investment Trusts
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-n 861–865] || Source of income (for international tax)
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-n 871–898] || Tax on foreign persons/corporations; inbound international rules
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-n 901–908] || Foreign tax credit
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-n 911–943] || Exclusions of foreign income (mostly repealed)
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-n 951–965] || Taxation of U.S. shareholders of controlled foreign corporations (Subpart F)
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-n 971–999] || Other international tax provisions
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-o 1001–1092] || Gains: definitions, characterization, and recognition; special rules
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-p 1201–1298] || Capital gains: separate taxation and special rules
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-q 1301–1359] || Interperiod adjustments; certain special rules
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-s 1361–1388] || S Corporations and cooperative associations: flow-through rules
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-1/subchapter-u 1391–1400T] || Empowerment, enterprise, and other special zones
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-2 1401–1403] || Self-employment tax (like social security, below)
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-3 1441–1465] || Withholding of tax on nonresidents
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-a/chapter-6 1501–1564] || Consolidated returns and affiliated groups (corporations)
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-b/chapter-11 2001–2210] || Estate tax on transfers at death
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-b 2501–2704] || Gift tax and tax on generation skipping transfers
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-c 3101–3241] || Social security and railroad retirement taxes
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-c 3301–3322] || Unemployment taxes
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-c 3401–3510] || Income tax withholding; payment of employment taxes
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-d 4001–5000] || Excise taxes on specific goods, transactions, and industries
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-e 5001–5891] || Alcohol, tobacco and firearms taxes and special excise tax rules
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-f 6001–6167] || Tax returns: requirements, procedural rules, payments, settlements, extensions
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-f 6201–6533] || Assessment, collection, and abatement; limitations on collection & refund
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-f 6601–6751] || Interest and non-criminal penalties on underpayments or failures
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-f 6801–7124] || Other procedural rules
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-f 7201–7344] || Crimes, other offences, forfeitures, tax evasion
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-f 7401–7493] || Judicial proceedings
|-
| [https://irc.bloombergtax.com/public/uscode/toc/irc/subtitle-f 7501–8023] || Miscellaneous rules
|-
| 9001–9834 || Special taxes & funds (presidential election, highway, black lung, etc.)
|-
|}

== Subtitles ==
* A. Income Taxes (sections 1 through 1564)<br>As a further example, here are the chapters of this subtitle:
** {{USCTC|26|1|pipe=Chapter 1—Normal taxes and surtaxes}} (sections 1 through 1400U3)
** {{USCTC|26|2|pipe=Chapter 2—Tax on self-employment income}} (sections 1401 through 1403)
** {{USCTC|26|3|pipe=Chapter 3—Withholding of tax on nonresident aliens and foreign corporations}} (sections 1441 through 1464)
** {{USCTC|26|4|pipe=Chapter 4—Taxes to enforce reporting on certain foreign accounts}} (sections 1471–1474)
** {{USCTC|26|5|pipe=Chapter 5—Repealed}} (sections 1491–1494)
** {{USCTC|26|6|pipe=Chapter 6—Consolidated returns}} (sections 1501 through 1564)
* B. Estate and Gift Taxes (sections 2001 through 2801)
* C. Employment Taxes (sections 3101 through 3510)
* D. Miscellaneous Excise Taxes (sections 4001 through 5000)
* E. Alcohol, Tobacco, and Certain Other Excise Taxes (sections 5001 through 5891)
* F. Procedure and Administration (sections 6001 through 7874)
* G. The Joint Committee on Taxation (sections 8001 through 8023)
* H. Financing of Presidential Election Campaigns (sections 9001 through 9042)
* I. Trust Fund Code (sections 9500 through 9602) ("Trust Fund Code of 1981")
* J. Coal Industry Health Benefits (sections 9701 through 9722)
* K. Group Health Plan Requirements (sections 9801 through 9834)

== List of commonly referenced sections ==
''(This is not intended to be a complete list of sections.)''

<!-- Standard for inclusion:

ONLY include sections that link to Wikipedia articles

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* Subtitle A: Income Taxes ({{USCSec|26|1}}–{{USCSec|26|1564}})
** {{Usctc|26|1|pipe=Chapter 1}}: Normal Taxes and Surtaxes ({{USCSec|26|1}}–{{USCSec|26|1400U3}})
*** Subchapter A: Determination of Tax Liability ({{USCSec|26|1}}–{{USCSec|26|59}})
**** Part I: Tax on Individuals ({{USCSec|26|1}}–{{USCSec|26|59B}})
***** [[Internal Revenue Code section 1|Section 1]]: Tax imposed ({{USCSec|26|1}})
***** ...
***** Section 41: [[Research & Experimentation Tax Credit|Credit for increasing research activities]] ({{USCSec|26|41}})
***** ...
*** Subchapter B: Computation of Taxable Income ({{USCSec|26|61}}–{{USCSec|26|291}})
**** Part I: Definition of Gross Income, Adjusted Gross Income, Taxable Income, Etc. ({{USCSec|26|61}}–{{USCSec|26|68}})
***** [[Internal Revenue Code section 61|Section 61]]: Gross income defined ({{USCSec|26|61}})
***** ...
***** [[Internal Revenue Code section 63|Section 63]]: Taxable income defined ({{USCSec|26|63}})
***** ...
**** Part II: Items Specifically Included in Gross Income ({{USCSec|26|71}}–{{USCSec|26|80}})
***** ...
***** [[Internal Revenue Code Section 79|Section 79]]: Group-term life insurance purchased for employees ({{USCSec|26|79}})
***** ...
**** Part III: Items Specifically Excluded from Gross Income ({{USCSec|26|101}}–{{USCSec|26|140}})
***** ...
***** [[Internal Revenue Code Section 132(a)|Section 132(a)]]: Fringe benefits excluded from gross income ({{USCSec|26|132(a)}})
***** ...
**** Part VI: Itemized Deductions for Individuals and Corporations ({{USCSec|26|161}}–{{USCSec|26|198}})
***** ...
***** [[Internal Revenue Code Section 162(a)|Section 162(2)]]: Trade or business expenses ({{USCSec|26|162(a)}})
***** ...
***** [[179 (Internal Revenue Code Section)|Section 179]]: Election to expense certain depreciable business assets ({{USCSec|26|179}})
***** ...
***** [[Internal Revenue Code section 183|Section 183]]: Activities Not Engaged in for Profit ({{USCSec|26|183}})
***** ...
**** Part VII: Additional Itemized Deductions for Individuals ({{USCSec|26|211}}–{{USCSec|26|224}})
***** ...
***** [[Internal Revenue Code section 212|Section 212]]: Expenses for production of income ({{USCSec|26|212}})
***** ...
*** Subchapter C: Corporate Distributions and Adjustments ({{USCSec|26|301}}–{{USCSec|26|385}})
**** ...
**** Part III: Corporate Organizations and Reorganizations ({{USCSec|26|351}}–{{USCSec|26|368}})
***** ...
***** Subpart B: Effects on Shareholders and Security Holders ({{USCSec|26|354}}–{{USCSec|26|358}})
****** ...
****** [[Internal Revenue Code section 355|Section 355]]: Distribution of stock and securities of a controlled corporation ({{USCSec|26|355}})
****** ...
**** ...
*** Subchapter D: Deferred Compensation, Etc. ({{USCSec|26|401}}–{{USCSec|26|436}})
**** Part I: Pension, Profit-sharing, Stock Bonus Plas, etc. ({{USCSec|26|401}}–{{USCSec|26|420}})
***** Subpart A: General Rule ({{USCSec|26|401}}–{{USCSec|26|409A}})
****** Section 401: Qualified pension, profit-sharing, and stock bonus plans
******* paragraph (a) ("[[401(a)]]"): employer-sponsored [[retirement plan]] for employees of state and local governments and certain tax-exempt entities ({{USCSec|26|401(a)}})
******* ...
******* paragraph (k) ("[[401(k)]]"): employer-sponsored [[retirement plan]] ({{USCSec|26|401(k)}})
****** ...
****** Section 402A ("[[Roth 401(k)]]"): Optional treatment of elective deferrals as Roth contributions ({{USCSec|26|402A}})
****** Section 403: Taxation of employee annuities
******* ...
******* paragraph (b) ("[[403(b)]]"): employer-sponsored [[retirement plan]] at non-profit organizations ({{USCSec|26|403(b)}})
****** ...
****** Section 408: [[Individual Retirement Account]]s ({{USCSec|26|408}})
****** Section 408A: [[Roth IRA]]s ({{USCSec|26|408A}})
****** ...
****** [[Internal Revenue Code section 409A|Section 409A]]: Inclusion in gross income of deferred compensation under nonqualified deferred compensation plans ({{USCSec|26|409A}})
****** ...
*** Subchapter E: Accounting Periods and Methods of Accounting ({{USCSec|26|441}}–{{USCSec|26|483}})
**** ...
**** Part II: Methods of Accounting ({{USCSec|26|446}}–{{USCSec|26|475}})
***** Subpart B: Taxable Year for Which Items of Gross Income Included ({{USCSec|26|451}}–{{USCSec|26|460}})
****** ...
****** [[457 plan|Section 457]]: [[retirement plan]] for governmental and certain non governmental employers ({{USCSec|26|457}})
****** ...
***** Subpart D: Inventories ({{USCSec|26|471}}–{{USCSec|26|475}})
****** ...
****** [[475 fund|Section 475]]: Mark to market accounting method for dealers in securities ({{USCSec|26|475}})
***** ...
*** Subchapter F: Exempt Organizations ({{USCSec|26|501}}–{{USCSec|26|530}})
**** Part I: General Rule ({{USCSec|26|501}}–{{USCSec|26|505}})
***** Section 501: Exemption from tax on corporations, certain trusts, etc. ({{USCSec|26|501}})
****** ...
****** paragraph (c) ("[[501(c)]]"): List of exempt organizations ({{USCSec|26|501(c)}})
******* subparagraph (1) ("[[501(c)(1)]]"): corporations organized under Acts of Congress such as [[Federal Credit Unions]] ({{USCSec|26|501(c)(1)}})
******* subparagraph (2) ("[[501(c)(2)]]"): title-holding corporations for exempt organizations ({{USCSec|26|501(c)(2)}})
******* subparagraph (3) ("[[501(c)(3)]]"): charitable, non-profit, religious, and educational organizations ({{USCSec|26|501(c)(3)}})
******* subparagraph (4) ("[[501(c)(4)]]"): political education organizations ({{USCSec|26|501(c)(4)}})
******* subparagraph (6) ("[[501(c)(6)]]"): business leagues and chambers of commerce ({{USCSec|26|501(c)(6)}})
******* subparagraph (7) ("[[501(c)(7)]]"): recreational clubs ({{USCSec|26|501(c)(7)}})
***** ...
**** Part VI: Political Organizations (§ 527)
***** Section 527: [[527 Organization|Political organizations]] ({{USCSec|26|527}})
**** ...
**** Part VIII: Certain Savings Entities ({{USCSec|26|529}}–{{USCSec|26|530}})
***** Section 529: [[529 plan|Qualified tuition programs]] ({{USCSec|26|529}})
***** Section 529A: [[ABLE account]]s for benefit of certain individuals with disabilities ({{USCSec|26|529A}})
***** Section 530: [[Coverdell Education Savings Account]]s ({{USCSec|26|530}})
*** ...
*** Subchapter N: Tax Based on Income From Sources Within or Without the United States ({{USCSec|26|861}}–{{USCSec|26|1000}})
**** Part I: Source Rules and Other General Rules Relating To Foreign Income ({{USCSec|26|861}}–{{USCSec|26|865}})
***** [[Internal Revenue Code section 861|Section 861]]: Income from sources within the United States ({{USCSec|26|861}})
***** ...
*** Subchapter O: Gain or Loss on Disposition of Property ({{USCSec|26|1000}}–{{USCSec|26|1111}})
**** ...
**** Part III: Common Nontaxable Exchanges ({{USCSec|26|1031}}–{{USCSec|26|1045}})
***** [[Internal Revenue Code section 1031|Section 1031]]: Exchange of property held for productive use or investment ({{USCSec|26|1031}})
***** ...
***** [[Internal Revenue Code Section 1041|Section 1041]]: Transfers of Property Between Spouses or Incident to Divorce ({{USCSec|26|1041}})
***** ...
* Subtitle C: Employment Taxes ({{USCSec|26|3101}}–{{USCSec|26|3510}})
** ...
** {{Usctc|26|24|pipe=Chapter 24}}: Collection of Income Tax at Source on Wages ({{USCSec|26|3401}}–{{USCSec|26|3456}})
*** [[Internal Revenue Code section 3401|Section 3401]]: Definitions ({{USCSec|26|3401}})

==See also==
*''[[Boechler v. Commissioner]]''
*''[[Estate of Carter v. Commissioner]]''
*''[[Inaja Land Co. v. Commissioner]]''
*''[[Mazzei v. Commissioner]]''
*[[SECURE Act of 2019]]
*''[[Turner v. Commissioner]]''

== References ==
{{reflist}}

== External links ==
* [http://frwebgate.access.gpo.gov/cgi-bin/usc.cgi?ACTION=BROWSE&title=26usc U.S. Code Title 26], via [[United States Government Printing Office]]
* [http://www4.law.cornell.edu/uscode/26/ Title 26 at Cornell's Legal Information Institute]
* [http://irc.bloombergtax.com Bloomberg Tax Internal Revenue Code] continuously updated with [https://www.bna.com/irc-bloombergtax/ Editor's Notes]
* [https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section45&num=0&edition=prelim]

{{USCTitles}}
{{Dwight D. Eisenhower}}
{{Presidency of Ronald Reagan}}
[[Category:Internal Revenue Code| ]]