Statutes, codes, and regulations
Code of Federal Regulations
Title 26 - INTERNAL REVENUEChapter I - INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURYSubchapter A - INCOME TAXPart 1 - INCOME TAXESCOMPUTATION OF TAXABLE INCOME
ITEMS NOT DEDUCTIBLE
Section 1.261-1 - General rule for disallowance of deductions

26 C.F.R. § 1.261-1

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Current through September 30, 2024
Section 1.261-1 - General rule for disallowance of deductions

In computing taxable income, no deduction shall be allowed, except as otherwise expressly provided in Chapter 1 of the Code, in respect of any of the items specified in Part IX (section 262 and following), Subchapter B, Chapter 1 of the Code, and the regulations thereunder.

26 C.F.R. §1.261-1