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26 U.S.C. § 482 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 482. Allocation of income and deductions among taxpayers

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In any case of two or more organizations, trades, or businesses (whether or not incorporated, whether or not organized in the United States, and whether or not affiliated) owned or controlled directly or indirectly by the same interests, the Secretary may distribute, apportion, or allocate gross income, deductions, credits, or allowances between or among such organizations, trades, or businesses, if he determines that such distribution, apportionment, or allocation is necessary in order to prevent evasion of taxes or clearly to reflect the income of any of such organizations, trades, or businesses.  In the case of any transfer (or license) of intangible property (within the meaning of section 936(h)(3)(B) ), the income with respect to such transfer or license shall be commensurate with the income attributable to the intangible.

Cite this article: FindLaw.com - 26 U.S.C. § 482 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 482. Allocation of income and deductions among taxpayers - last updated January 01, 2018 | https://codes.findlaw.com/us/title-26-internal-revenue-code/26-usc-sect-482.html


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