Browse Arkansas Code titles and sections
26 U.S.C. § 6040 — Cross references
Federal law — U.S. Code and appendices · legal_authorities
(1) For the notice required of persons acting in a fiduciary capacity for taxpayers or for transferees, see sections 6212, 6901(g), and 6903.
(2) For application by fiduciary for determination of tax and discharge from personal liability therefor, see section 2204.
(3) For the notice required of taxpayers for redetermination of taxes claimed as credits, see sections 905(c) and 2016.
(4) For exemption certificates required to be furnished to employers by employees, see section 3402(f)(2), (3), (4), and (5).
(5) For receipts, constituting information returns, required to be furnished to employees, see section 6051.
(6) Repealed. Pub. L. 89–44, title III, § 305(b), June 21, 1965, 79 Stat. 148]
(7) For information required with respect to the redemption of stamps, see section 6805.
(8) For the statement required to be filed by a corporation expecting a net operating loss carryback or unused excess profits credit carryback, see section 6164.
(9) For the application, which a taxpayer may file for a tentative carryback adjustment of income taxes, see section 6411.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 6040
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: 6121bc0f5c04a0130c4b571382b0a73e41c15cf4c41fe5f0951f8162517c3bb2. 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_d0bc6ba1dae75d56237e0054
Source file: Laws/federal/codes/united-states-code/title-26/section-6040-cross-references--1e373af00f.md
Pages: Not recorded – Not recorded
Passage SHA-256: dda9647b9bfbbebc9d46c0ae9d3f2f0a6b5641d81d6af8351f6e458623b1a00e
Source location: Title 26, Chapter 61, § 6040; chapter-061-information-and-returns.md
Stored source content
(1) For the notice required of persons acting in a fiduciary capacity for taxpayers or for transferees, see sections 6212, 6901(g), and 6903.
(2) For application by fiduciary for determination of tax and discharge from personal liability therefor, see section 2204.
(3) For the notice required of taxpayers for redetermination of taxes claimed as credits, see sections 905(c) and 2016.
(4) For exemption certificates required to be furnished to employers by employees, see section 3402(f)(2), (3), (4), and (5).
(5) For receipts, constituting information returns, required to be furnished to employees, see section 6051.
(6) Repealed. Pub. L. 89–44, title III, § 305(b), June 21, 1965, 79 Stat. 148]
(7) For information required with respect to the redemption of stamps, see section 6805.
(8) For the statement required to be filed by a corporation expecting a net operating loss carryback or unused excess profits credit carryback, see section 6164.
(9) For the application, which a taxpayer may file for a tentative carryback adjustment of income taxes, see section 6411.
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
Except as otherwise provided in section 4263(a), every person receiving any payment for facilities or services on which a tax is imposed upon the payor thereof under this chapter shall collect the amount of the tax from the person making such payment.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 4291
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) General** The value of the gross estate may be determined, if the executor so elects, by valuing all the property included in the gross estate as follows:
(1) In the case of property distributed, sold, exchanged, or otherwise disposed of, within 6 months after the decedent’s death such property shall be valued as of the date of distribution, sale, exchange, or other disposition.
(2) In the case of property not distributed, sold, exchanged, or otherwise disposed of, within 6 months after the decedent’s death such property shall be valued as of the date 6 months after the decedent’s death.
(3) Any interest or estate which is affected by mere lapse of time shall be included at its value as of the time of death (instead of the later date) with adjustment for any difference in its value as of the later date not due to mere lapse of time.
**(b) Special rules** No deduction under this chapter of any item shall be allowed if allowance for such items is in effect given by the alternate valuation provided by this section. Wherever in any other subsection or section of this chapter reference is made to the value of property at the time of the decedent’s death, such reference shall be deemed to refer to the value of such property used in determining the value of the gross estate. In case of an election made by the executor under this section, then—
(1) for purposes of the charitable deduction under section 2055 or 2106(a)(2), any bequest, legacy, devise, or transfer enumerated therein, and
(2) for the purpose of the marital deduction under section 2056, any interest in property passing to the surviving spouse,
shall be valued as of the date of the decedent’s death with adjustment for any difference in value (not due to mere lapse of time or the occurrence or nonoccurren
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 2032
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) In general** Every S corporation shall make a return for each taxable year, stating specifically the items of its gross income and the deductions allowable by subtitle A, the names and addresses of all persons owning stock in the corporation at any time during the taxable year, the number of shares of stock owned by each shareholder at all times during the taxable year, the amount of money and other property distributed by the corporation during the taxable year to each shareholder, the date of each such distribution, each shareholder’s pro rata share of each item of the corporation for the taxable year, and such other information, for the purpose of carrying out the provisions of subchapter S of chapter 1, as the Secretary may by forms and regulations prescribe. Any return filed pursuant to this section shall, for purposes of chapter 66 (relating to limitations), be treated as a return filed by the corporation under section 6012.
**(b) Copies to shareholders** Each S corporation required to file a return under subsection (a) for any taxable year shall (on or before the day on which the return for such taxable year was filed) furnish to each person who is a shareholder at any time during such taxable year a copy of such information shown on such return as may be required by regulations.
**(c) Shareholder’s return must be consistent with corporate return or Secretary notified of inconsistency**
(1) **In general** — A shareholder of an S corporation shall, on such shareholder’s return, treat a subchapter S item in a manner which is consistent with the treatment of such item on the corporate return.
(2) **Notification of inconsistent treatment**
(A) *In general* — In the case of any subchapter S item, if—
(i)
(I) the corporation has filed a return
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 6037
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Requirement**
(1) **In general** — Every United States person shall furnish, with respect to any foreign business entity which such person controls, such information as the Secretary may prescribe relating to—
(A) the name, the principal place of business, and the nature of business of such entity, and the country under whose laws such entity is incorporated (or organized in the case of a partnership);
(B) in the case of a foreign corporation, its post-1986 undistributed earnings (as defined in section 902(c)); 11 See References in Text note below.
(C) a balance sheet for such entity listing assets, liabilities, and capital;
(D) transactions between such entity and—
(i) such person,
(ii) any corporation or partnership which such person controls, and
(iii) any United States person owning, at the time the transaction takes place—
(I) in the case of a foreign corporation, 10 percent or more of the value of any class of stock outstanding of such corporation, and
(II) in the case of a foreign partnership, at least a 10-percent interest in such partnership; and
(E)
(i) in the case of a foreign corporation, a description of the various classes of stock outstanding, and a list showing the name and address of, and number of shares held by, each United States person who is a shareholder of record owning at any time during the annual accounting period 5 percent or more in value of any class of stock outstanding of such foreign corporation, and
(ii) information comparable to the information described in clause (i) in the case of a foreign partnership.
The Secretary may also require the furnishing of any other information which is similar or related in nature to that specified in the preceding sentence or which the Secre
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 6038
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Requirement of reporting** Every corporation—
(1) which in any calendar year transfers to any person a share of stock pursuant to such person’s exercise of an incentive stock option, or
(2) which in any calendar year records (or has by its agent recorded) a transfer of the legal title of a share of stock acquired by the transferor pursuant to his exercise of an option described in section 423(c) (relating to special rule where option price is between 85 percent and 100 percent of value of stock),
shall, for such calendar year, make a return at such time and in such manner, and setting forth such information, as the Secretary may by regulations prescribe.
**(b) Statements to be furnished to persons with respect to whom information is reported** Every corporation making a return under subsection (a) shall furnish to each person whose name is set forth in such return a written statement setting forth such information as the Secretary may by regulations prescribe. The written statement required under the preceding sentence shall be furnished to such person on or before January 31 of the year following the calendar year for which the return under subsection (a) was made.
**(c) Special rules** For purposes of this section—
(1) **Treatment by employer to be determinative** — Any option which the corporation treats as an incentive stock option or an option granted under an employee stock purchase plan shall be deemed to be such an option.
(2) **Subsection (a)(2) applies only to first transfer described therein** — A statement is required by reason of a transfer described in subsection (a)(2) of a share only with respect to the first transfer of such share by the person who exercised the option.
(3) **Identification of stock** — Any corporation which transfers any s
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 6039
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 3351
TITLE 26—INTERNAL REVENUE CODE
§ 6040
Editorial Notes
REFERENCES IN TEXT
The date of the enactment of this section, referred to
in subsec. (a), is the date of enactment of Pub. L.
109–280, which was approved Aug. 17, 2006.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Section applicable to life insurance contracts issued
after Aug. 17, 2006, except for a contract issued after
such date pursuant to an exchange described in section
1035 of this title for a contract issued on or prior to
that date, and any material change to cause the con-
tract to be treated as a new contract, with exception in
the case of a master contract, see section 863(d) of Pub.
L. 109–280, set out as an Effective Date of 2006 Amend-
ment note under section 101 of this title.
§ 6039J. Information reporting with respect to
Commodity Credit Corporation transactions
(a) Requirement of reporting
The Commodity Credit Corporation, through
the Secretary of Agriculture, shall make a re-
turn, according to the forms and regulations
prescribed by the Secretary of the Treasury, set-
ting forth any market gain realized by a tax-
payer during the taxable year in relation to the
repayment of a loan issued by the Commodity
Credit Corporation, without regard to the man-
ner in which such loan was repaid.
(b) Statements to be furnished to persons with
respect to whom information is required
The Secretary of Agriculture shall furnish to
each person whose name is required to be set
forth in a return required under subsection (a) a
written statement showing the amount of mar-
ket gain reported in such return.
(Added Pub. L. 110–234, title XV, § 15353(a), May
22, 2008, 122 Stat. 1526, and Pub. L. 110–246, § 4(a),
title XV, § 15353(a), June 18, 2008, 122 Stat. 1664,
2288.
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 6040
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.