[Code of Federal Regulations]
[Title 26, Volume 8]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.668(a)-3A]

[Page 203]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.668(a)-3A  Determination of tax.

    In a taxable year in which an amount is included in a beneficiary's 
income under Sec. 1.668(a)-1A(a), the tax on the beneficiary for such 
taxable year is determined only as provided in section 668 and consists 
of the sum of:
    (a) A partial tax computed on (1) the beneficiary's taxable income 
reduced by (2) an amount equal to the total amounts includible in his 
income under Sec. 1.668(a)-1A(a), at the rate and in the manner as if 
section 668 had not been enacted,
    (b) A partial tax determined as provided in Sec. 1.668(b)-1A, and
    (c) In the case of a beneficiary of a trust which is not required to 
distribute all of its income currently, a partial tax determined as 
provided in Sec. 1.669(b)-1A.

[T.D. 7204, 37 FR 17148, Aug. 25, 1972]

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