[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: 26CFR1.823-8]

[Page 722]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
Determination of Tax Liability--Table of Contents
 
Sec. 1.823-8  Special transitional underwriting loss; cross reference.

    With respect to taxable years beginning after December 31, 1962, and 
before January 1, 1968, section 821(f) provides, for any company subject 
to the tax imposed by section 821(a), a special reduction in the 
statutory underwriting income if such company was subject to tax under 
section 821 for the five taxable years immediately preceding January 1, 
1962, and incurred an underwriting loss in each of such five taxable 
years. For rules relating to the determination of the amount of such 
reduction, see section 821(f) and Sec. 1.821-5.

[T.D. 6681, 28 FR 11118, Oct. 17, 1963]