§ 1.461-6. Economic performance when certain liabilities are assigned or are extinguished by the establishment of a fund.
110 words·~1 min read·
/us/cfr/t26/s§ 1.461-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Qualified assignments of certain personal injury liabilities under section 130. In the case of a qualified assignment (within the meaning of section 130(c)), economic performance occurs as a taxpayer-assignor makes payments that are excludible from the income of the assignee under section 130(a).
(b)Section 468B. Economic performance occurs as a taxpayer makes qualified payments to a designated settlement fund under section 468B, relating to special rules for designated settlement funds.
(c)Payments to other funds or persons that constitute economic performance. [Reserved]
(d)Effective dates. The rules in paragraph
(a)of this section apply to payments after July 18, 1984. [T.D. 8408, 57 FR 12428, Apr. 10, 1992]
Connections1 off-index
1 reference not yet in our index
- T.D. 8408
Citation graph
cites case law
§ 1.461-6
Economic performance when certain liabilities are assigned or are extinguished by the establishment of a fund.
Treas. Dec.T.D. 8408
Cites 1Cited by 0 across 0 sources