26 U.S.C. § 346
Definition and special rule
# (a) Complete liquidation
For purposes of this subchapter, a distribution shall be treated as in complete liquidation of a corporation if the distribution is one of a series of distributions in redemption of all of the stock of the corporation pursuant to a plan.
# (b) Transactions which might reach same result as partial liquidations
The Secretary shall prescribe such regulations as may be necessary to ensure that the purposes of subsections (a) and (b) of section 222 of the Tax Equity and Fiscal Responsibility Act of 1982 (which repeal the special tax treatment for partial liquidations) may not be circumvented through the use of section 355, 351, or any other provision of law or regulations (including the consolidated return regulations).
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Cited by 11
- 26 CFR § 1.1445-5 — Special rules concerning distributions and other transactions by corporations, partnerships, trusts, and estates.
- 26 CFR § 1.302-1 — General.
- 26 CFR § 1.331-1 — Corporate liquidations.
- 26 CFR § 1.346-1 — Partial liquidation.
- 26 CFR § 1.562-1 — Dividends for which the dividends paid deduction is allowable.
- 26 CFR § 1.641(b)-2 — Filing of returns and payment of the tax.
- 26 CFR § 20.2002-1 — Liability for payment of tax.
- 26 CFR § 25.2502-2 — Donor primarily liable for tax.
- 26 CFR § 301.6901-1 — Procedure in the case of transferred assets.
- 26 CFR § 301.6903-1 — Notice of fiduciary relationship.
- 26 CFR § 601.109 — Bankruptcy and receivership cases.
Nearby sections (25 sections)
- 316 · Dividend defined
- 317 · Other definitions
- 318 · Constructive ownership of stock
- 331 · Gain or loss to shareholder in corporate liquidations
- 332 · Complete liquidations of subsidiaries
- 333 · Repealed. Pub. L. 99–514, title VI, § 631(e)(3), Oct. 22, 1986,…
- 334 · Basis of property received in liquidations
- 336 · Gain or loss recognized on property distributed in complete…
- 337 · Nonrecognition for property distributed to parent in complete…
- 338 · Certain stock purchases treated as asset acquisitions
- 341 · Repealed. Pub. L. 108–27, title III, § 302(e)(4)(A), May 28,…
- 342 · Repealed. Pub. L. 94–455, title XIX, § 1901(a)(47), Oct. 4, 1976,…
- 346 · Definition and special rule
- 351 · Transfer to corporation controlled by transferor
- 354 · Exchanges of stock and securities in certain reorganizations
- 355 · Distribution of stock and securities of a controlled corporation
- 356 · Receipt of additional consideration
- 357 · Assumption of liability
- 358 · Basis to distributees
- 361 · Nonrecognition of gain or loss to corporations; treatment of…
- 362 · Basis to corporations
- 363 · Repealed. Pub. L. 94–455, title XIX, § 1901(a)(49), Oct. 4, 1976,…
- 367 · Foreign corporations
- 368 · Definitions relating to corporate reorganizations
- 370 · Repealed. Pub. L. 101–508, title XI, § 11801(a)(19), Nov. 5,…