§ 1.668(a)-3A. (a)-3A Determination of tax.
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/us/cfr/t26/s§ 1.668(a)-3A·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In a taxable year in which an amount is included in a beneficiary's income under § 1.668(a)-1A(a), the tax on the beneficiary for such taxable year is determined only as provided in section 668 and consists of the sum of:
(a)A partial tax computed on
(1)the beneficiary's taxable income reduced by
(2)an amount equal to the total amounts includible in his income under § 1.668(a)-1A(a), at the rate and in the manner as if section 668 had not been enacted,
(b)A partial tax determined as provided in § 1.668(b)-1A, and
(c)In the case of a beneficiary of a trust which is not required to distribute all of its income currently, a partial tax determined as provided in § 1.669(b)-1A. [T.D. 7204, 37 FR 17148, Aug. 25, 1972]
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- T.D. 7204
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§ 1.668(a)-3A
(a)-3A Determination of tax.
Treas. Dec.T.D. 7204
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