[Code of Federal Regulations]
[Title 26, Volume 6]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.461-6]

[Page 282]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.461-6  Economic performance when certain liabilities are assigned 
or are extinguished by the establishment of a fund.

    (a) Qualified assignments of certain personal injury liabilities 
under section 130. In the case of a qualified assignment (within the 
meaning of section 130(c)), economic performance occurs as a taxpayer-
assignor makes payments that are excludible from the income of the 
assignee under section 130(a).
    (b) Section 468B. Economic performance occurs as a taxpayer makes 
qualified payments to a designated settlement fund under section 468B, 
relating to special rules for designated settlement funds.
    (c) Payments to other funds or persons that constitute economic 
performance. [Reserved]
    (d) Effective dates. The rules in paragraph (a) of this section 
apply to payments after July 18, 1984.

[T.D. 8408, 57 FR 12428, Apr. 10, 1992]