Browse Arkansas Code titles and sections
26 U.S.C. § 885 — Cross references
Federal law — U.S. Code and appendices · legal_authorities
(1) For special provisions relating to foreign corporations carrying on an insurance business within the United States, see section 842.
(2) For rules applicable in determining whether any foreign corporation is engaged in trade or business within the United States, see section 864(b).
(3) For adjustment of tax in case of corporations of certain foreign countries, see section 896.
(4) For allowance of credit against the tax in case of a foreign corporation having income effectively connected with the conduct of a trade or business within the United States, see section 906.
(5) For withholding at source of tax on income of foreign corporations, see section 1442.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 885
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: 48e6530d0ebe8e82ce39924a72c0e1dd4145a87e13f89c89064fd5dac94e2918. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_ae4a7e47835d2f5bc800ea45
Source file: Laws/federal/codes/united-states-code/title-26/section-885-cross-references--bea3624b8f.md
Pages: Not recorded – Not recorded
Passage SHA-256: b26ac13b166accb9ff7b9c04e3271afc151f23c92dc26bbb45f45cba161520c3
Source location: Title 26, Chapter 1, § 885; chapter-001-normal-taxes-and-surtaxes.md
Stored source content
(1) For special provisions relating to foreign corporations carrying on an insurance business within the United States, see section 842.
(2) For rules applicable in determining whether any foreign corporation is engaged in trade or business within the United States, see section 864(b).
(3) For adjustment of tax in case of corporations of certain foreign countries, see section 896.
(4) For allowance of credit against the tax in case of a foreign corporation having income effectively connected with the conduct of a trade or business within the United States, see section 906.
(5) For withholding at source of tax on income of foreign corporations, see section 1442.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Tax-exempt foundations** There is hereby imposed on each private foundation which is exempt from taxation under section 501(a) for the taxable year, with respect to the carrying on of its activities, a tax equal to 1.39 percent of the net investment income of such foundation for the taxable year.
**(b) Taxable foundations** There is hereby imposed on each private foundation which is not exempt from taxation under section 501(a) for the taxable year, with respect to the carrying on of its activities, a tax equal to—
(1) the amount (if any) by which the sum of (A) the tax imposed under subsection (a) (computed as if such subsection applied to such private foundation for the taxable year), plus (B) the amount of the tax which would have been imposed under section 511 for the taxable year if such private foundation had been exempt from taxation under section 501(a), exceeds
(2) the tax imposed under subtitle A on such private foundation for the taxable year.
**(c) Net investment income defined**
(1) **In general** — For purposes of subsection (a), the net investment income is the amount by which (A) the sum of the gross investment income and the capital gain net income exceeds (B) the deductions allowed by paragraph (3). Except to the extent inconsistent with the provisions of this section, net investment income shall be determined under the principles of subtitle A.
(2) **Gross investment income** — For purposes of paragraph (1), the term “gross investment income” means the gross amount of income from interest, dividends, rents, payments with respect to securities loans (as defined in section 512(a)(5)), and royalties, but not including any such income to the extent included in computing the tax imposed by section 511. Such term shall also include income from s
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 4940
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Corporations in general** A tax is hereby imposed for each taxable year on the taxable income of every corporation.
**(b) Amount of tax** The amount of the tax imposed by subsection (a) shall be 21 percent of taxable income.
**(c) Exceptions** Subsection (a) shall not apply to a corporation subject to a tax imposed by—
(1) section 594 (relating to mutual savings banks conducting life insurance business),
(2) subchapter L (sec. 801 and following, relating to insurance companies), or
(3) subchapter M (sec. 851 and following, relating to regulated investment companies and real estate investment trusts).
**(d) Foreign corporations** In the case of a foreign corporation, the taxes imposed by subsection (a) and section 55 shall apply only as provided by section 882.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 11
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Imposition of tax** In addition to the tax imposed by section 882 for any taxable year, there is hereby imposed on any foreign corporation a tax equal to 30 percent of the dividend equivalent amount for the taxable year.
**(b) Dividend equivalent amount** For purposes of subsection (a), the term “dividend equivalent amount” means the foreign corporation’s effectively connected earnings and profits for the taxable year adjusted as provided in this subsection:
(1) **Reduction for increase in U.S. net equity** — If—
(A) the U.S. net equity of the foreign corporation as of the close of the taxable year, exceeds
(B) the U.S. net equity of the foreign corporation as of the close of the preceding taxable year,
the effectively connected earnings and profits for the taxable year shall be reduced (but not below zero) by the amount of such excess.
(2) **Increase for decrease in net equity**
(A) *In general* — If—
(i) the U.S. net equity of the foreign corporation as of the close of the preceding taxable year, exceeds
(ii) the U.S. net equity of the foreign corporation as of the close of the taxable year,
the effectively connected earnings and profits for the taxable year shall be increased by the amount of such excess.
(B) *Limitation*
(i) *In general* — The increase under subparagraph (A) for any taxable year shall not exceed the accumulated effectively connected earnings and profits as of the close of the preceding taxable year.
(ii) *Accumulated effectively connected earnings and profits* — For purposes of clause (i), the term “accumulated effectively connected earnings and profits” means the excess of—
(I) the aggregate effectively connected earnings and profits for preceding taxable years beginning after December 31, 1986,
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 884
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 2091
TITLE 26—INTERNAL REVENUE CODE
§ 887
any treaty obligation of the United States in effect on
Oct. 22, 1986, with provision that for such purposes any
amendment by title I of Pub. L. 100–647 be treated as if
it had been included in the provision of Pub. L. 99–514
to
which
such
amendment
relates,
see
section
1012(aa)(3), (4) of Pub. L. 100–647, set out as a note under
section 861 of this title.
§ 885. Cross references
(1) For special provisions relating to foreign cor-
porations carrying on an insurance business within
the United States, see section 842.
(2) For rules applicable in determining whether
any foreign corporation is engaged in trade or busi-
ness within the United States, see section 864(b).
(3) For adjustment of tax in case of corporations
of certain foreign countries, see section 896.
(4) For allowance of credit against the tax in case
of a foreign corporation having income effectively
connected with the conduct of a trade or business
within the United States, see section 906.
(5) For withholding at source of tax on income of
foreign corporations, see section 1442.
(Aug. 16, 1954, ch. 736, 68A Stat. 283, § 884; Pub. L.
89–809, title I, § 104(m)(1), Nov. 13, 1966, 80 Stat.
1563; Pub. L. 91–172, title I, § 101(j)(21), Dec. 30,
1969, 83 Stat. 528; renumbered § 885, Pub. L.
99–514, title XII, § 1241(a), Oct. 22, 1986, 100 Stat.
2576.)
Editorial Notes
AMENDMENTS
1986—Pub. L. 99–514 renumbered section 884 of this
title as this section.
1969—Pub. L. 91–172 redesignated pars. (2) to (6) as (1)
to (5), respectively. Former par. (1), referring to section
512(a), was struck out.
1966—Par. (1). Pub. L. 89–809 redesignated par. (4) as
(1). Former par. (1) redesignated (6).
Par. (2). Pub. L. 89–809 redesignated par. (3) as
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 885
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.