U.S. Code > Title 26 > Subtitle A > Chapter 1 > Subchapter J > Part I > Subpart B – Trusts Which Distribute Current Income Only
Current as of: 2024 | Check for updates
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Other versions
| § 651 | Deduction for trusts distributing current income only |
| § 652 | Inclusion of amounts in gross income of beneficiaries of trusts distributing current income only |
Terms Used In U.S. Code > Title 26 > Subtitle A > Chapter 1 > Subchapter J > Part I > Subpart B - Trusts Which Distribute Current Income Only
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Secretary: means the Secretary of the Treasury or his delegate. See 26 USC 7701
- Statute: A law passed by a legislature.
- taxable year: means the calendar year, or the fiscal year ending during such calendar year, upon the basis of which the taxable income is computed under subtitle A. See 26 USC 7701