[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: 26CFR1.683-3]

[Page 327]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.683-3  Application of the 65-day rule of the Internal Revenue 
Code of 1939.

    If an amount is paid, credited, or to be distributed in the first 65 
days of the first taxable year of an estate or trust (heretofore subject 
to the provisions of the Internal Revenue Code of 1939) to which the 
Internal Revenue Code of 1954 applies and the amount would be treated, 
if the Internal Revenue Code of 1939 were applicable, as if paid, 
credited, or to be distributed on the last day of the preceding taxable 
year, sections 641 through 682 do not apply to the amount. The amount so 
paid, credited, or to be distributed is taken into account as provided 
in the Internal Revenue Code of 1939. See 26 CFR (1939) 39.162-2 (c) and 
(d) (Regulations 118).