CFR > Title 26 > Chapter I > Subchapter A > Part 1


§ 1.1341-1	Restoration of amounts received or accrued under claim of right
§ 1.1342-1	Computation of tax where taxpayer recovers substantial amount held by another under claim of right; effective date

Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
corporation: includes associations, joint-stock companies, and insurance companies. See 26 CFR 36.3121(l)(1)-1
Dependent: A person dependent for support upon another.
foreign: when applied to a corporation * * * means a corporation * * * which is not domestic. See 26 CFR 36.3121(l)(1)-1
Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
stock: includes shares in an association, joint-stock company, or insurance company. See 26 CFR 36.3121(l)(8)-1

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