26 CFR 1.666(c)-2
§ 1.666(c)-2 Illustration of the provisions of section 666.
United States · 26 CFR — Internal Revenue · Status: effective
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- Citation
- 26 CFR 1.666(c)-2, § 1.666(c)-2 Illustration of the provisions of section 666, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/110674
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Full text
The application of the provisions of §§ 1.666(a)-1, 1.666(b)-1, and 1.666(c)-1 may be illustrated by the following examples:
For 1954 through 1958, the undistributed portion of distributable net income taxes imposed on the trust, and undistributed net income are as follows:
(c) In allocating the accumulation distribution for 1960, the undistributed net income for 1958 will take into account the accumulation distribution for 1959, and the additional amount of taxes imposed on the trust for 1958 deemed distributed. The undistributed net income for 1958 will then be $1,906; and the taxes imposed on the trust for 1958 will then be $458, determined as follows:
(b) The undistributed net income of the trust determined under section 665(a) as of the close of 1954, is $12,840, computed as follows:
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.