FEDERAL · 26 U.S.C. · Chapter Subchapter G—Corporations Used to Avoid Income Tax on Shareholders
Evidence of purpose to avoid income tax
26 U.S.C. § 533
Title26 — Internal Revenue Code
ChapterSubchapter G—Corporations Used to Avoid Income Tax on Shareholders
PartI
This text of 26 U.S.C. § 533 (Evidence of purpose to avoid income tax) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 U.S.C. § 533.
Text
(a)Unreasonable accumulation determinative of purpose
For purposes of section 532, the fact that the earnings and profits of a corporation are permitted to accumulate beyond the reasonable needs of the business shall be determinative of the purpose to avoid the income tax with respect to shareholders, unless the corporation by the preponderance of the evidence shall prove to the contrary.
(b)Holding or investment company
The fact that any corporation is a mere holding or investment company shall be prima facie evidence of the purpose to avoid the income tax with respect to shareholders.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Fulman v. United States
434 U.S. 528 (Supreme Court, 1978)
Ivan Allen Co. v. United States
422 U.S. 617 (Supreme Court, 1975)
Presbyterian and Reformed Publishing Co. v. Commissioner of Internal Revenue
743 F.2d 148 (Third Circuit, 1984)
The Cheyenne Newspapers, Inc. v. Commissioner of Internal Revenue
494 F.2d 429 (Tenth Circuit, 1974)
Raymond I. Smith, Inc. v. Commissioner of Internal Revenue
292 F.2d 470 (Ninth Circuit, 1961)
Young Motor Company, Inc. v. Commissioner of Internal Revenue
281 F.2d 488 (First Circuit, 1960)
Apollo Industries, Inc., Etc. v. Commissioner of Internal Revenue
358 F.2d 867 (First Circuit, 1966)
Estate of Henry G. Egan, Transferee, Northwestern National Bank v. Commissioner of Internal Revenue
260 F.2d 779 (Eighth Circuit, 1958)
Haffner's Service Stations, Inc. v. Commissioner
326 F.3d 1 (First Circuit, 2003)
Duke Laboratories, Inc. v. United States
222 F. Supp. 400 (D. Connecticut, 1963)
Motor Fuel Carriers, Inc. v. United States
202 F. Supp. 497 (N.D. Florida, 1962)
The Shaw-Walker Company, a Corporation v. Commissioner of Internal Revenue
390 F.2d 205 (Sixth Circuit, 1968)
Inland Terminals, Inc. v. United States
477 F.2d 836 (Fourth Circuit, 1973)
Cummins Diesel Sales of Oregon, Inc. v. United States
207 F. Supp. 746 (D. Oregon, 1962)
Ivan Allen Company v. United States
493 F.2d 426 (Fifth Circuit, 1974)
Otto Candies, LLC v. United States
288 F. Supp. 2d 730 (E.D. Louisiana, 2003)
Carlen Realty Company v. Laurie W. Tomlinson, District Director, I.R.
345 F.2d 998 (Fifth Circuit, 1965)
Exempt Carriers, Inc. v. United States
644 F.2d 1027 (Fifth Circuit, 1981)
Network Systems Corp. v. United States
814 F. Supp. 778 (D. Minnesota, 1993)
Empire Land Corp. v. United States
473 F. Supp. 1289 (E.D. Louisiana, 1979)
Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 179.)
Cite This Page — Counsel Stack
Bluebook (online)
26 U.S.C. § 533, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/533.