§ 1.356-5. Transactions involving gift or compensation.
46 words·~1 min read·
/us/cfr/t26/s§ 1.356-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
With respect to transactions described in sections 354, 355, or 356, but which—
(a)Result in a gift, see section 2501 and following, and the regulations pertaining thereto, or
(b)Have the effect of the payment of compensation, see section 61(a)(1), and the regulations pertaining thereto.