§981 — Repealed. Pub. L. 94–455, title X, § 1012(b)(2), Oct. 4, 1976, 90 Stat. 1614]
39 cases·5 followed·9 overruled·25 cited—13% support
Statute Text — 26 U.S.C. §981
[§ 981. Repealed. Pub. L. 94–455, title X, § 1012(b)(2), Oct. 4, 1976, 90 Stat. 1614] Section, Pub. L. 89–809, title I, § 105(e)(1), Nov. 13, 1966, 80 Stat. 1565, related to income of certain nonresident United States citizens subject to foreign community property laws.
Treasury Regulations
- Treas. Reg. §Treas. Reg. §1.981-0 Repeal of section 981; effective dates
- Treas. Reg. §Treas. Reg. §1.981-1 Foreign law community income for taxable years beginning after December 31, 1966, and before January 1, 1977
- Treas. Reg. §Treas. Reg. §1.981-1(a) Election for special treatment—(1) In general.
- Treas. Reg. §Treas. Reg. §1.981-1(b) Treatment of community income—(1) In general.
- Treas. Reg. §Treas. Reg. §1.981-1(c) Time and manner of making or terminating an election—(1) In general.
- Treas. Reg. §Treas. Reg. §1.981-2 Foreign law community income for taxable years beginning before January 1, 1967
- Treas. Reg. §Treas. Reg. §1.981-2(a) Election for special treatment—(1) In general.
- Treas. Reg. §Treas. Reg. §1.981-2(b) Treatment of community income—(1) In general.
- Treas. Reg. §Treas. Reg. §1.981-2(c) Time and manner of making election—(1) In general.
- Treas. Reg. §Treas. Reg. §1.981-2(i) §1.981-2(i)
- Treas. Reg. §Treas. Reg. §1.981-2(v) §1.981-2(v)
- Treas. Reg. §Treas. Reg. §1.981-3 Definitions and other special rules
- Treas. Reg. §Treas. Reg. §1.981-3(a) Open taxable years.
- Treas. Reg. §Treas. Reg. §1.981-3(b) Date of election.
- Treas. Reg. §Treas. Reg. §1.981-3(c) Spouses with different taxable years.
- Treas. Reg. §Treas. Reg. §1.981-3(d) Election on behalf of deceased spouse.
- Treas. Reg. §Treas. Reg. §1.981-3(e) Extension of period of limitations on assessment or refund—(1) Assessment of deficiency.
- Treas. Reg. §Treas. Reg. §1.981-3(f) Payment of interest for extension period.
39 Citing Cases
We hold that it is.”), aff’g T.C.
section 981 (1988 and Supp. II 1990). The Consent Decree of Forfeiture and Order of Delivery in that proceeding was issued on January 9, 1992. In the plea agreement, - 4 - the U.S. Attorney's Office recommended that, because of the Decree of Forfeiture, the imposition of a fine was not warranted. The sentencing court agreed with the recommendation
§ 981 and “income” for pur- poses of section 61. Thus, the district court’s decision not to enter a judgment of forfeiture should not be given collateral estoppel effect.4 On May 22, 2020, the parties filed a Stipulation of Settled Issues in the excise tax case, memorializing several concessions by respondent. Respondent concurrently filed a Motion
§ 981 and “income” for pur- poses of section 61. Thus, the district court’s decision not to enter a judgment of forfeiture should not be given collateral estoppel effect.4 On May 22, 2020, the parties filed a Stipulation of Settled Issues in the excise tax case, memorializing several concessions by respondent. Respondent concurrently filed a Motion
§ 981, and the district court ordered him to forfeit to the United States “any property, real or personal, which constitutes or is derived from proceeds traceable to the offense of Conspiracy to Commit Bribery, pursuant to 18 U.S.C. § 981(a)(1)(C) and 28 U.S.C. § 2461(c).” In Stephens the taxpayer was convicted and sentenced in a scheme to defraud
981(a)(1)(A), (f) (2006). Under this section, the property at issue became the property of the federal government immediately upon conviction of the crime that led to its forfeiture. Mr. Gentry argues that this means the proceeds of his crimes can’t be taxable income in 2000 because they were forfeited to the federal government in 2000 under t
981(a) (West 1982) (common-law copyright). A composer’s copyright attaches to his work automatically, though songwriters will often submit it to the U.S. Copyright Office27 to ensure protection.28 27 The Copyright Office is a separate federal department within the Library of Congress that is “responsible for administering a complex and dynamic
981(a)(1)(A), (f) (2006). Under this section, the property at issue became the property of the federal government immediately upon conviction of the crime that led to its forfeiture. Mr. Gentry argues that this means the proceeds of his crimes can’t be taxable income in 2000 because they were forfeited to the federal government in 2000 under t
981 (1994), which required the taxpayer to forfeit his funds on deposit in a variety of accounts, including certain IRA's. See id. Although the taxpayer included the funds forfeited from his IRA's as gross income in his tax return, he did not report in that return that he was liable for the early withdrawal tax with respect to those funds. See