1. Regulations
  2. title 26
  3. chapter I-i3
  4. part 1
  5. subjgrp 4
  6. § 1.241-1

View all text of Subjgrp 4 [§ 1.241-1 - § 1.250(b)-6]

§ 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.

AUTHORITY: 26 U.S.C. 7805, unless otherwise noted.

SOURCE: T.D. 6500, 25 FR 11402, Nov. 26, 1960; 25 FR 14021, Dec. 31, 1960, T.D. 9381, 73 FR 8604, Feb. 15, 2008, unless otherwise noted.

CITE AS: 26 CFR 1.241-1