Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 644
Taxable year of trusts
Official textgovinfo.govlast amended
# (a)
In general For purposes of this subtitle, the taxable year of any trust shall be the calendar year.
# (b)
Exception for trusts exempt from tax and charitable trusts Subsection (a) shall not apply to a trust exempt from taxation under section 501(a) or to a trust described in section 4947(a)(1).
Source: view the official text
Nearby sections (25 sections)
- 614 · Definition of property
- 615 · [§615. Repealed. Pub. L. 94–455, title XIX, §1901(a)(88), Oct. 4,…
- 616 · Development expenditures
- 617 · Deduction and recapture of certain mining exploration expenditures
- 621 · [§621. Repealed. Pub. L. 101–508, title XI, §11801(a)(28), Nov.…
- 631 · Gain or loss in the case of timber, coal, or domestic iron ore
- 632 · [§632. Repealed. Pub. L. 94–455, title XIX, §1901(a)(90), Oct. 4,…
- 636 · Income tax treatment of mineral production payments
- 638 · Continental shelf areas
- 641 · Imposition of tax
- 642 · Special rules for credits and deductions
- 643 · Definitions applicable to subparts A, B, C, and D
- 644 · Taxable year of trusts
- 645 · Certain revocable trusts treated as part of estate
- 646 · Tax treatment of electing Alaska Native Settlement Trusts
- 651 · Deduction for trusts distributing current income only
- 652 · Inclusion of amounts in gross income of beneficiaries of trusts…
- 661 · Deduction for estates and trusts accumulating income or…
- 662 · Inclusion of amounts in gross income of beneficiaries of estates…
- 663 · Special rules applicable to sections 661 and 662
- 664 · Charitable remainder trusts
- 665 · Definitions applicable to subpart D
- 666 · Accumulation distribution allocated to preceding years
- 667 · Treatment of amounts deemed distributed by trust in preceding…
- 668 · Interest charge on accumulation distributions from foreign trusts