26 CFR 7.465-4 - Insufficient records.

§ 7.465-4 Insufficient records.

If sufficient records do not exist to accurately determine under § 7.465-2 the amount which a taxpayer is at risk on the effective date, the amount at risk shall be the taxpayer's basis in the activity reduced (but not below zero) by the taxpayer's share of amounts described in section 465(b) (3) or (4) with respect to the activity on the day before the effective date.

[T.D. 7504, 42 FR 42198, Aug. 22, 1977]

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United States Code
U.S. Code: Title 26 - INTERNAL REVENUE CODE

Title 26 published on 07-Apr-2017 03:23

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 26 CFR Part 7 after this date.

  • 2016-12-30; vol. 81 # 251 - Friday, December 30, 2016
    1. 81 FR 96374 - Information Returns; Winnings From Bingo, Keno, and Slot Machines
      GPO FDSys XML | Text
      DEPARTMENT OF TREASURY, Internal Revenue Service
      Final regulations.
      These regulations are effective on December 30, 2016.
      26 CFR Parts 1, 7, and 31