§ 1.1311(a)-1 Introduction
§ 1.1311(a)-2 Purpose and scope of section 1311
§ 1.1311(b)-1 Maintenance of an inconsistent position
§ 1.1311(b)-2 Correction not barred at time of erroneous action
§ 1.1311(b)-3 Existence of relationship in case of adjustment by way of deficiency assessment
§ 1.1312-1 Double inclusion of an item of gross income
§ 1.1312-2 Double allowance of a deduction or credit
§ 1.1312-3 Double exclusion of an item of gross income
§ 1.1312-4 Double disallowance of a deduction or credit
§ 1.1312-5 Correlative deductions and inclusions for trusts or estates and legatees, beneficiaries, or heirs
§ 1.1312-6 Correlative deductions and credits for certain related corporations
§ 1.1312-7 Basis of property after erroneous treatment of a prior transaction
§ 1.1312-8 Law applicable in determination of error
§ 1.1313(a)-1 Decision by Tax Court or other court as a determination
§ 1.1313(a)-2 Closing agreement as a determination
§ 1.1313(a)-3 Final disposition of claim for refund as a determination
§ 1.1313(a)-4 Agreement pursuant to section 1313(a)(4) as a determination
§ 1.1313(c)-1 Related taxpayer
§ 1.1314(a)-1 Ascertainment of amount of adjustment in year of error
§ 1.1314(a)-2 Adjustment to other barred taxable years
§ 1.1314(b)-1 Method of adjustment
§ 1.1314(c)-1 Adjustment unaffected by other items

Terms Used In CFR > Title 26 > Chapter I > Subchapter A > Part 1 > Readjustment of Tax Between Years and Special Limitations

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • 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.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • foreign: when applied to a corporation * * * means a corporation * * * which is not domestic. See 26 CFR 36.3121(l)(1)-1
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • 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.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • stock: includes shares in an association, joint-stock company, or insurance company. See 26 CFR 36.3121(l)(8)-1
  • Trustee: A person or institution holding and administering property in trust.