Treasury Regulations (26 C.F.R.)

26 CFR § 1.1342-1 — Computation of tax where taxpayer recovers substantial amount held by another under claim of right; effective date.

§ 1.1342-1 Computation of tax where taxpayer recovers substantial amount held by another under claim of right; effective date.

Section 1342 shall apply with respect to taxable years beginning after December 31, 1954.

[T.D. 6500, 25 FR 12052, Nov. 26, 1960]

Last amended: 2026-04-13