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26 U.S.C. § 7464 — Intervention by trustee of debtor’s estate
Federal law — U.S. Code and appendices · legal_authorities
The trustee of the debtor’s estate in any case under title 11 of the United States Code may intervene, on behalf of the debtor’s estate, in any proceeding before the Tax Court to which the debtor is a party.
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Source file: Laws/federal/codes/united-states-code/title-26/section-7464-intervention-by-trustee-of-debtors-estate--aa99753aa6.md
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Source location: Title 26, Chapter 76, § 7464; chapter-076-judicial-proceedings.md
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The trustee of the debtor’s estate in any case under title 11 of the United States Code may intervene, on behalf of the debtor’s estate, in any proceeding before the Tax Court to which the debtor is a party.
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Federal law — U.S. Code and appendices · legal_authorities
(1) For rules of burden of proof in transferee proceedings, see section 6902(a).
(2) For authority of Tax Court to prescribe rules by which a transferee of property of a taxpayer shall be entitled to examine books, records and other evidence, see section 6902(b).
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 7465
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Exclusion from gross income**
(1) **In general** — Gross income does not include any amount which (but for this subsection) would be includible in gross income by reason of the discharge (in whole or in part) of indebtedness of the taxpayer if—
(A) the discharge occurs in a title 11 case,
(B) the discharge occurs when the taxpayer is insolvent,
(C) the indebtedness discharged is qualified farm indebtedness,
(D) in the case of a taxpayer other than a C corporation, the indebtedness discharged is qualified real property business indebtedness, or
(E) the indebtedness discharged is qualified principal residence indebtedness which is discharged—
(i) before January 1, 2026, or
(ii) subject to an arrangement that is entered into and evidenced in writing before January 1, 2026.
(2) **Coordination of exclusions**
(A) *Title 11 exclusion takes precedence* — Subparagraphs (B), (C), (D), and (E) of paragraph (1) shall not apply to a discharge which occurs in a title 11 case.
(B) *Insolvency exclusion takes precedence over qualified farm exclusion and qualified real property business exclusion* — Subparagraphs (C) and (D) of paragraph (1) shall not apply to a discharge to the extent the taxpayer is insolvent.
(C) *Principal residence exclusion takes precedence over insolvency exclusion unless elected otherwise* — Paragraph (1)(B) shall not apply to a discharge to which paragraph (1)(E) applies unless the taxpayer elects to apply paragraph (1)(B) in lieu of paragraph (1)(E).
(3) **Insolvency exclusion limited to amount of insolvency** — In the case of a discharge to which paragraph (1)(B) applies, the amount excluded under paragraph (1)(B) shall not exceed the amount by which the taxpayer is insolvent.
**(b) Reduction of tax attributes**
(
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 108
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Married individuals filing joint returns and surviving spouses** There is hereby imposed on the taxable income of—
(1) every married individual (as defined in section 7703) who makes a single return jointly with his spouse under section 6013, and
(2) every surviving spouse (as defined in section 2(a)),
a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $36,90015% of taxable income. Over $36,900 but not over $89,150$5,535, plus 28% of the excess over $36,900. Over $89,150 but not over $140,000$20,165, plus 31% of the excess over $89,150. Over $140,000 but not over $250,000$35,928.50, plus 36% of the excess over $140,000. Over $250,000$75,528.50, plus 39.6% of the excess over $250,000.
**(b) Heads of households** There is hereby imposed on the taxable income of every head of a household (as defined in section 2(b)) a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $29,60015% of taxable income. Over $29,600 but not over $76,400$4,440, plus 28% of the excess over $29,600. Over $76,400 but not over $127,500$17,544, plus 31% of the excess over $76,400. Over $127,500 but not over $250,000$33,385, plus 36% of the excess over $127,500. Over $250,000$77,485, plus 39.6% of the excess over $250,000.
**(c) Unmarried individuals (other than surviving spouses and heads of households)** There is hereby imposed on the taxable income of every individual (other than a surviving spouse as defined in section 2(a) or the head of a household as defined in section 2(b)) who is not a married individual (as defined in section 7703) a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $22,10015% of taxable income. Over $22,100 but not over $53,50
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 1
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Federal law — U.S. Code and appendices · legal_authorities
Page 3926
TITLE 26—INTERNAL REVENUE CODE
§ 7464
Subsec. (f). Pub. L. 92–512, § 203(b)(1), added subsec. (f).
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2015 AMENDMENT
Pub. L. 114–113, div. Q, title IV, § 422(b), Dec. 18, 2015,
129 Stat. 3123, provided that: ‘‘The amendments made
by this section [amending this section] shall apply to
cases pending as of the day after the date of the enact-
ment of this Act [Dec. 18, 2015], and cases commenced
after such date of enactment.’’
EFFECTIVE DATE OF 1998 AMENDMENT
Amendment by Pub. L. 105–206 applicable to pro-
ceedings commenced after July 22, 1998, see section
3103(c) of Pub. L. 105–206, set out as a note under section
7436 of this title.
EFFECTIVE DATE OF 1984 AMENDMENT
Pub. L. 98–369, div. A, title IV, § 461(b), July 18, 1984,
98 Stat. 823, provided that: ‘‘The amendments made by
this section [amending this section] shall take effect on
the date of the enactment of this Act [July 18, 1984].’’
EFFECTIVE DATE OF 1982 AMENDMENT
Pub. L. 97–362, title I, § 106(a)(2), Oct. 25, 1982, 96 Stat.
1730, provided that: ‘‘The amendment made by this sub-
section [amending this section] shall apply with re-
spect to petitions filed after the date of the enactment
of this Act [Oct. 25, 1982].’’
EFFECTIVE DATE OF 1980 AMENDMENT
Amendment by Pub. L. 96–222 effective Apr. 1, 1980,
see section 105(b)(1) of Pub. L. 96–222, set out as a note
under section 7456 of this title.
EFFECTIVE DATE OF 1978 AMENDMENT
Pub. L. 95–600, title V, § 502(d), Nov. 6, 1978, 92 Stat.
2879, provided that:
‘‘(1) SUBSECTION (a).—The amendments made by sub-
section (a) [amending this section] shall take effect on
the first day of the first calendar month beginning
more than 180 days after the date of the enactment of
this Act [N
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 7464
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