
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 26USC557]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                        Subtitle A--Income Taxes
 
                  CHAPTER 1--NORMAL TAXES AND SURTAXES
 
   Subchapter G--Corporations Used to Avoid Income Tax on Shareholders
 
              PART III--FOREIGN PERSONAL HOLDING COMPANIES
 
Sec. 557. Income not placed on annual basis

    Section 443(b) (relating to computation of tax on change of annual 
accounting period) shall not apply in the computation of the 
undistributed foreign personal holding company income under section 556.

(Aug. 16, 1954, ch. 736, 68A Stat. 198.)

                  Section Referred to in Other Sections

    This section is referred to in section 443 of this title.
