Section of act | Section of code | Description of election | Availability of election |
201(c) | 58(i)(1) | Optional 10-year write off of certain tax preferences | Taxable years beginning after Dec. 31, 1982. |
201(c)(1) | 58(i)(4) | Intangible drilling and development costs | Taxable years beginning after Dec. 31, 1982. |
205(a) | 48(q) | Reduced investment credit in lieu of basis adjustment | Generally to period beginning after Dec. 31, 1982. |
256(f) | 820 | Insurance company revocation of election under section 820 | Contracts which took effect in 1980 or 1981. |
For provisions relating to the use of authorized financial institutions in depositing the taxes, see § 1.6302-1 .
If the additional information is not provided within 60 days after the request is made, the election may, at the discretion of the Commissioner, be held invalid.
26 C.F.R. §301.9100-5T