26 U.S.C. § 561
Definition of deduction for dividends paid
# (a) General rule
The deduction for dividends paid shall be the sum of— (1) the dividends paid during the taxable year, (2) the consent dividends for the taxable year (determined under section 565), and (3) in the case of a personal holding company, the dividend carryover described in section 564.
# (b) Special rules applicable
In determining the deduction for dividends paid, the rules provided in section 562 (relating to rules applicable in determining dividends eligible for dividends paid deduction) and section 563 (relating to dividends paid after the close of the taxable year) shall be applicable.
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Cited by 41
- 26 CFR § 1.1382-3 — Taxable income of cooperatives; special deductions for exempt farmers' cooperatives.
- 26 CFR § 1.1502-43 — Consolidated accumulated earnings tax.
- 26 CFR § 1.162(k)-1 — Disallowance of deduction for reacquisition payments.
- 26 CFR § 1.172-2 — Net operating loss in case of a corporation.
- 26 CFR § 1.381(c)(14)-1 — Dividend carryover to personal holding company.
- 26 CFR § 1.381(c)(17)-1 — Deficiency dividend of personal holding company.
- 26 CFR § 1.381(c)(25)-1 — Deficiency dividend of a qualified investment entity.
- 26 CFR § 1.522-2 — Manner of taxation of cooperative associations subject to section 522.
- 26 CFR § 1.535-1 — Definition.
- 26 CFR § 1.535-3 — Accumulated earnings credit.
- 26 CFR § 1.545-1 — Definition.
- 26 CFR § 1.547-2 — Requirements for deficiency dividends.
Show 29 more
- 26 CFR § 1.547-4 — Effect on dividends paid deduction.
- 26 CFR § 1.564-1 — Dividend carryover.
- 26 CFR § 1.565-1 — General rule.
- 26 CFR § 1.597-2 — Taxation of FFA.
- 26 CFR § 1.59A-3 — Base erosion payments and base erosion tax benefits.
- 26 CFR § 1.811-2 — Dividends to policyholders.
- 26 CFR § 1.822-12 — Dividends to policyholders.
- 26 CFR § 1.852-1 — Taxation of regulated investment companies.
- 26 CFR § 1.852-10 — Distributions in redemption of interests in unit investment trusts.
- 26 CFR § 1.852-11 — Treatment of certain losses attributable to periods after October 31 of a taxable year.
- 26 CFR § 1.852-2 — Method of taxation of regulated investment companies.
- 26 CFR § 1.852-3 — Investment company taxable income.
- 26 CFR § 1.857-1 — Taxation of real estate investment trusts.
- 26 CFR § 1.857-2 — Real estate investment trust taxable income and net capital gain.
- 26 CFR § 1.860-2 — Requirements for deficiency dividends.
- 26 CFR § 1.9000-1 — Statutory provisions.
- 26 CFR § 1.9000-8 — Extension of time for making certain payments.
- 26 U.S.C. § 162 — Trade or business expenses
- 26 U.S.C. § 172 — Net operating loss deduction
- 26 U.S.C. § 4981 — Excise tax on undistributed income of real estate investment trusts
- 26 U.S.C. § 4982 — Excise tax on undistributed income of regulated investment companies
- 26 U.S.C. § 535 — Accumulated taxable income
- 26 U.S.C. § 545 — Undistributed personal holding company income
- 26 U.S.C. § 547 — Deduction for deficiency dividends
- 26 U.S.C. § 564 — Dividend carryover
- 26 U.S.C. § 565 — Consent dividends
- 26 U.S.C. § 852 — Taxation of regulated investment companies and their shareholders
- 26 U.S.C. § 857 — Taxation of real estate investment trusts and their beneficiaries
- 26 U.S.C. § 860 — Deduction for deficiency dividends
Nearby sections (25 sections)
- 534 · Burden of proof
- 535 · Accumulated taxable income
- 536 · Income not placed on annual basis
- 537 · Reasonable needs of the business
- 541 · Imposition of personal holding company tax
- 542 · Definition of personal holding company
- 543 · Personal holding company income
- 544 · Rules for determining stock ownership
- 545 · Undistributed personal holding company income
- 546 · Income not placed on annual basis
- 547 · Deduction for deficiency dividends
- 551 · Repealed. Pub. L. 108–357, title IV, § 413(a)(1), Oct. 22, 2004,…
- 561 · Definition of deduction for dividends paid
- 562 · Rules applicable in determining dividends eligible for dividends…
- 563 · Rules relating to dividends paid after close of taxable year
- 564 · Dividend carryover
- 565 · Consent dividends
- 581 · Definition of bank
- 582 · Bad debts, losses, and gains with respect to securities held by…
- 583 · Repealed. Pub. L. 94–455, title XIX, § 1901(a)(82), Oct. 4, 1976,…
- 584 · Common trust funds
- 585 · Reserves for losses on loans of banks
- 586 · Repealed. Pub. L. 99–514, title IX, § 901(c), Oct. 22, 1986, 100…
- 591 · Deduction for dividends paid on deposits
- 592 · Repealed. Pub. L. 94–455, title XIX, § 1901(a)(83), Oct. 4, 1976,…