26 U.S.C. § 563
Rules relating to dividends paid after close of taxable year
# (a) Accumulated earnings tax
In the determination of the dividends paid deduction for purposes of the accumulated earnings tax imposed by section 531, a dividend paid after the close of any taxable year and on or before the 15th day of the fourth month following the close of such taxable year shall be considered as paid during such taxable year.
# (b) Personal holding company tax
In the determination of the dividends paid deduction for purposes of the personal holding company tax imposed by section 541, a dividend paid after the close of any taxable year and on or before the 15th day of the fourth month following the close of such taxable year shall, to the extent the taxpayer elects in its return for the taxable year, be considered as paid during such taxable year. The amount allowed as a dividend by reason of the application of this subsection with respect to any taxable year shall not exceed either— (1) The undistributed personal holding company income of the corporation for the taxable year, computed without regard to this subsection, or (2) 20 percent of the sum of the dividends paid during the taxable year, computed without regard to this subsection.
# (c) Dividends considered as paid on last day of taxable year
For the purpose of applying section 562(a), with respect to distributions under subsection (a) or (b) of this section, a distribution made after the close of a taxable year and on or before the 15th day of the fourth month following the close of the taxable year shall be considered as made on the last day of such taxable year.
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Cited by 14
- 26 CFR § 1.1502-43 — Consolidated accumulated earnings tax.
- 26 CFR § 1.316-1 — Dividends.
- 26 CFR § 1.381(c)(14)-1 — Dividend carryover to personal holding company.
- 26 CFR § 1.547-4 — Effect on dividends paid deduction.
- 26 CFR § 1.561-2 — When dividends are considered paid.
- 26 CFR § 1.562-1 — Dividends for which the dividends paid deduction is allowable.
- 26 CFR § 1.563-1 — Accumulated earnings tax.
- 26 CFR § 1.563-2 — Personal holding company tax.
- 26 CFR § 1.563-3 — Dividends considered as paid on last day of taxable year.
- 26 U.S.C. § 316 — Dividend defined
- 26 U.S.C. § 535 — Accumulated taxable income
- 26 U.S.C. § 543 — Personal holding company income
Nearby sections (25 sections)
- 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,…
- 593 · Reserves for losses on loans
- 594 · Alternative tax for mutual savings banks conducting life…