U.S. Code » Title 26 » Subtitle Subtitle A— Income Taxes › Chapter CHAPTER 1— NORMAL TAXES AND SURTAXES › Subchapter Subchapter B— Computation of Taxable Income › Part PART I— DEFINITION OF GROSS INCOME, ADJUSTED GROSS INCOME, TAXABLE INCOME, ETC.

26 U.S.C. § 4

ANTIABUSE RULES.

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“(a)General Rule.—In the case of any person, sections 2 and 3 of this Act shall not apply with respect to any land acquired by such person after February 23, 1983, unless such land was acquired in a qualified acquisition.“(b)Qualified Acquisition.—For purposes of this section, the term ‘qualified acquisition’ means any acquisition—“(1) by reason of the death of a qualified transferor,“(2) by reason of a gift from a qualified transferor, or“(3) from a qualified transferor who is a member of the family of the person acquiring the land.“(c)Definitions and Special Rules.—For purposes of this section—“(1)Qualified transferor.—The term ‘qualified transferor’ means any person—“(A) who held the land on February 23, 1983, or“(B) who acquired the land after February 23, 1983, in a qualified acquisition.“(2)Member of family.—The term ‘member of the family’ has the meaning given such term by section 2032A(e)(2) of the Internal Revenue Code of 1986.“(3)Mere change in form of business.—Subsection (a) shall not apply to any change in ownership by reason of a mere change in the form of conducting the trade or business so long as the land is retained in such trade or business and the person holding the land before such change retains a direct or indirect 80-percent interest in such land.“(4)Treatment of certain acquisitions of right to the crop.—The acquisition of a direct or indirect interest in 80 percent or more of the crop from any land shall be treated as an acquisition of such land.
Notes of Decisions
Cited in 4 cases, 1934–2015 · leading case: Anderson v. P. W. Madsen Inv. Co.
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Anderson v. P. W. Madsen Inv. Co. (1934) ca10 “See Act of October 6, 1917 [26 USCA § 4]. The office of first deputy having been abolished, in the absence of such a designation, the specific acts would not cover the situation, and the general act would apply.”
In re Mosby (2015) ksb “” 6 An inherited IRA, defined by 26 U.S.C. § 4 '08(d)(3)(C)(ii), is an IRA that has been inherited after the owner’s death by an individual who is not the account owner’s surviving spouse.”
Helvering v. Suffolk Co. (1939) ca4 “Section 4 of the Act, 26 U.S.C.A. § 4 , lists special classes of taxpayers, including foreign corporations, and provides that the application of the General Provisions and Supplements (A) to (D), inclusive, of the Act to the special classes of taxpayers, shall be subject to the…”
Charles H. Levister v. United States (1958) cadc “Code of 1939, 26 U.S.C.A. § 4 (c). While such clauses have been generally interpreted to apply only to acts which occurred prior to their enactment [see e.”
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