Page:United States Statutes at Large Volume 68A.djvu/8

 VIII

INTERNAL REVENUE CODE OF 1954

CHAPTER 1. Normal Taxes and Surtaxes—Continued SUBCHAPTER E. Accounting periods and methods of accountings—Con. Part II. Methods of accounting. Subpart A. Methods of accounting in general. Sec. 446. General rule for methods of accounting Subpart B. Taxable year for which items of gross income included. Sec. 451. General rule for taxable year of inclusion Sec. 452. Prepaid income.Sec. 453. Installment method____ Sec. 454. Obligations issued at discount Subpart C. Taxable year for which deductions taken. Sec. 461. General rule for taxable year of deduction Sec. 462. Reserves for estimated expenses, etc Subpart D. Inventories. Sec. 471. General rule for inventories Sec. 472. Last-in, first-out inventories Part III. Adjustments. Sec. 481. Adjustments required by changes in method of accounting. ^__ Sec. 482. Allocation of income and deductions among taxpayers SUBCHAPTER F. Exempt organizations. Part I. General rule. Sec. 501. Exemption from tax on corporations, certain trusts, etc Sec. 502. Feeder organizations , Sec. 503. Requirements for exemption Sec. 504. Denial of exemption Part II. Taxation of business income of certain exempt organizations. Sec. 511. Imposition of tax on unrelated business income of charitable organizations, etc Sec. 512. Unrelated business taxable income Sec. 513. Unrelated trade or business.. Sec. 514. Business leases Sec. 515. Taxes of foreign countries and possessions of the United States ... Part III. Farmers' cooperatives. Sec. 521. Exemption of farmers'cooperatives from tax. _ Sec. 522. Tax on farmers'cooperatives Part IV. Shipowners' protection and indemnity associations. Sec. 526. Shipowners' protection and indemnity associations-_-__---SUBCHAPTER G. Corporations used to avoid income tax on shareholders. Part I. Corporations improperly accumulating surplus. Sec. 531. Imposition of accumulated earnings tax Sec. 532. Corporations subject to accumulated earnings tax . Sec. 533. Evidence of purpose to avoid income tax Sec. 534. Burden of proof -_ Sec. 535. Accumulated taxable income .Sec. 536. Income not placed on annual basis Sec. 537. Reasonable needs of the business Part II. Personal holding companies. Sec. 541. Imposition of personal holding company tax._ Sec. 542. Definition of personal holding company Sec. 543. Personal holding company income ,. Sec. 544. Rules for determining stock ownership Sec. 545. Undistributed personal holding company income Sec. 546. Income not placed on annual basis Sec. 547. Deduction for deficiency dividends

Page 151 152 152 154 156 157 158 159 159 160 162

163 166 166 168

169 170 172 172 176 176 177 178

179 179 179 180 180 182 182 182 182 186 188 189 191 191

�