[Code of Federal Regulations] [Title 26, Volume 11] [Revised as of April 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 26CFR1.1342-1] [Page 668] TITLE 26--INTERNAL REVENUE CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) PART 1_INCOME TAXES--Table of Contents Sec. 1.1342-1 Computation of tax where taxpayer recovers substantial amount held by another under claim of right; effective date. Section 1342 shall apply with respect to taxable years beginning after December 31, 1954. [T.D. 6500, 25 FR 12052, Nov. 26, 1960] Other Limitations