1. Regulations
  2. title 26
  3. chapter I-i9
  4. part 1
  5. subjgrp 10
  6. § 1.678b-1

View all text of Subjgrp 10 [§ 1.671-1 - § 1.679-7]

§ 1.678(b)-1 - If grantor is treated as the owner.

Section 678(a) does not apply with respect to a power over income, as originally granted or thereafter modified, if the grantor of the trust is treated as the owner under sections 671 to 677, inclusive.

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

SOURCE: T.D. 6500, 25 FR 11814, Nov. 26, 1960; 25 FR 14021, Dec. 31, 1960, unless otherwise noted.

CITE AS: 26 CFR 1.678