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Title 26 Part 1 → §1.461-6

Title 26 → Chapter I → Subchapter A → Part 1 → §1.461-6

Electronic Code of Federal Regulations e-CFR

Title 26 Part 1 → §1.461-6

e-CFR data is current as of September 18, 2019

Title 26Chapter ISubchapter APart 1 → §1.461-6


Title 26: Internal Revenue
PART 1—INCOME TAXES (CONTINUED)


§1.461-6   Economic performance when certain liabilities are assigned or are extinguished by the establishment of a fund.

(a) Qualified assignments of certain personal injury liabilities under section 130. In the case of a qualified assignment (within the meaning of section 130(c)), economic performance occurs as a taxpayer-assignor makes payments that are excludible from the income of the assignee under section 130(a).

(b) Section 468B. Economic performance occurs as a taxpayer makes qualified payments to a designated settlement fund under section 468B, relating to special rules for designated settlement funds.

(c) Payments to other funds or persons that constitute economic performance. [Reserved]

(d) Effective dates. The rules in paragraph (a) of this section apply to payments after July 18, 1984.

[T.D. 8408, 57 FR 12428, Apr. 10, 1992]