Rev. Rul. 56-680
Rev. Rul. 56-680; 1956-2 C.B. 597
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Citations: Rev. Rul. 56-680; 1956-2 C.B. 597
Public Law 399, 84th Cong., 2nd Session, 70 Stat., 8, approved January 28, 1956, C.B. 1956-1, 853, which amended section 117(c)(1)(A) of the Internal Revenue Code of 1939 with respect to the credits allowable to corporations under subsections (b), (h), and (i) of section 26 of the 1939 Code in the computation of alternative tax of corporations, does not constitute an amendment to Subtitle A of the Internal Revenue Code of 1954. Therefore, that Act does not give rise to a new election within the meaning of section 1.1502-11(a)(2) of the Income Tax Regulations to file separate returns by an affiliated group which filed consolidated returns for taxable years subject to the 1954 Code.
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- Code Sections
- LanguageEnglish
- Tax Analysts Electronic Citationnot available