§ 1.1366-5. Effective/applicability date.
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/us/cfr/t26/s§ 1.1366-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Sections 1.1366-1, 1.1366-2(a)(1), and 1.1366-2(b) through 1.1366-4 apply to taxable years of an S corporation beginning on or after August 18, 1998.
(b)Section 1.1366-2(a)(2) applies to indebtedness between an S corporation and its shareholder resulting from any transaction occurring on or after July 23, 2014. In addition, S corporations and their shareholders may rely on § 1.1366-2(a)(2) with respect to indebtedness between an S corporation and its shareholder that resulted from any transaction that occurred in a year for which the period of limitations on the assessment of tax has not expired before July 23, 2014.
(c)Sections 1.1366-2(a)(3) through (7), and this section apply on and after July 23, 2014. For rules that apply before that date, see 26 CFR part 1 (revised as of April 1, 2014). [ T.D. 9682, 79 FR 42678, July 23, 2014]
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- 26 CFR 1
- T.D. 9682
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§ 1.1366-5
Effective/applicability date.
Cite26 CFR 1
Treas. Dec.T.D. 9682
Cites 2Cited by 0 across 0 sources