Important Service Announcement: Based on user feedback we are not shutting down the TaxAlmanac.org website however the site is now an archived version as of June 2014. While all of the existing discussion threads and commentary will be preserved you will no longer be able to edit content, post to forums or create additional logins.

Internal Revenue Code:Sec. 241. Allowance of special deductions

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

Contents


Location in Internal Revenue Code


     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle A - Income Taxes
       CHAPTER 1 - NORMAL TAXES AND SURTAXES
        Subchapter B - Computation of Taxable Income
         PART VIII - SPECIAL DEDUCTIONS FOR CORPORATIONS

Statute

    Sec. 241. Allowance of special deductions
 
      In addition to the deductions provided in part VI (sec. 161 and
    following), there shall be allowed as deductions in computing
    taxable income the items specified in this part.

Sources

    (Aug. 16, 1954, ch. 736, 68A Stat. 72.)

References

                   SECTION REFERRED TO IN OTHER SECTIONS
      This section is referred to in section 535 of this title.
Retrieved from "http://www.taxalmanac.org/index.php/Internal_Revenue_Code:Sec._241._Allowance_of_special_deductions"
Personal tools