26 C.F.R. § 1.461-6. - § 1.461-6 Economic Performance When Certain Liabilities Are Assigned or Are Extinguished by the Establishment of a Fund.

Current as of January 1, 1970
Section 1.461-6 - § 1.461-6 Economic Performance When Certain Liabilities Are Assigned or Are Extinguished by the Establishment of a Fund.
Section 1.461-5 - § 1.461-5 Recurring Item Exception.Section 1.465-1T - § 1.465-1t Aggregation of Certain Activities (temporary).

§ 1.461-6 Economic performance when certain liabilities are assigned or are extinguished by the establishment of a fund.

(a) Qualified assignments of certain personal injury liabilities under section 130. In the case of a qualified assignment (within the meaning of section 130(c)), economic performance occurs as a taxpayer-assignor makes payments that are excludible from the income of the assignee under section 130(a).

(b) Section 468B. Economic performance occurs as a taxpayer makes qualified payments to a designated settlement fund under section 468B, relating to special rules for designated settlement funds.

(c) Payments to other funds or persons that constitute economic performance. [Reserved]

(d) Effective dates. The rules in paragraph (a) of this section apply to payments after July 18, 1984.

[T.D. 8408, 57 FR 12428, Apr. 10, 1992]

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