Includible Corporation Law and Legal Definition
According to 26 USCS 1504 [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 6. Consolidated Returns; Subchapter A. Returns and Payment of Tax], As used in this chapter [26 USCS 1501 et seq.], the term "includible corporation" means "any corporation except--
(1) Corporations exempt from taxation under section 501 [26 USCS 501].
(2) Insurance companies subject to taxation under section 801 [26 USCS 801].
(3) Foreign corporations.
(4) Corporations with respect to which an election under section 936 [26 USCS 936] (relating to possession tax credit) is in effect for the taxable year.
(5) Regulated investment companies and real estate investment trusts subject to tax under subchapter M of chapter 1 [26 USCS 851 et seq.].
(6) A DISC (as defined in section 992(a)(1) [26 USCS 992(a)(1)]).
(7) An S corporation."
Legal Definition list
Related Legal Terms
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
- Alaska Native Corporation
- Amended and Restated Articles of Incorporation
- American Municipal Bond Assurance Corporation
- Ancillary Corporation
- Articles of Incorporation
- Benevolent Corporation
- Business Corporation
- C Corporation
