[Code of Federal Regulations]
[Title 26, Volume 7]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.531-1]

[Page 241]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.531-1  Imposition of tax.

    Section 531 imposes (in addition to the other taxes imposed upon 
corporations by chapter 1 of the Code) a graduated tax on the 
accumulated taxable income of every corporation described in section 532 
and Sec. 1.532-1. In the case of an affiliated group which makes or is 
required to make a consolidated return see Sec. 1.1502-43. All of the 
taxes on corporations under chapter 1 of the Code are treated as one tax 
for purposes of assessment, collection, payment, period of limitations, 
etc. See section 535 and Sec. Sec. 1.535-1, 1.535-2, and 1.535-3 for 
the definition and determination of accumulated taxable income.

(Secs. 1502 and 7805 of the Internal Revenue Code of 1954 (68A Stat. 
637, 917; 26 U.S.C. 1502, 7805))

[T.D. 6500, 25 FR 11737, Nov. 26, 1960, as amended by T.D. 7244, 37 FR 
28897, Dec. 30, 1972; T.D. 7937, 49 FR 3462, Jan. 27, l984]

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