[Code of Federal Regulations]
[Title 26, Volume 12]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.1494-2]

[Page 238]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.1494-2  Effective date.

    Chapter 5 (section 1491 and following) of the Internal Revenue Code 
of 1954 and the regulations prescribed thereunder apply with respect to 
transfers occurring after December 31, 1954. (See section 
7851(a)(1)(B).) Chapter 7 (section 1250 and following) of the Internal 
Revenue Code of 1939 and the regulations applicable thereto apply with 
respect to transfers occurring prior to January 1, 1955.

[T.D. 6500, 25 FR 12083, Nov. 26, 1960]

                          Consolidated Returns

                       RETURNS AND PAYMENT OF TAX

                     Consolidated Return Regulations