Statutes, codes, and regulations
Code of Federal Regulations
Title 26 - INTERNAL REVENUEChapter I - INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURYSubchapter A - INCOME TAXPart 1 - INCOME TAXESCOMPUTATION OF TAXABLE INCOME
SPECIAL DEDUCTIONS FOR CORPORATIONS
Section 1.241-1 - Allowance of special deductions

26 C.F.R. § 1.241-1

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Current through October 31, 2024
Section 1.241-1 - Allowance of special deductions

A corporation, in computing its taxable income, is allowed as deductions the items specified in Part VIII (section 242 and following), Subchapter B, Chapter 1 of the Code, in addition to the deductions provided in part VI (section 161 and following) Subchapter B, Chapter 1 of the Code.

26 C.F.R. §1.241-1