Treasury Regulations · 26 CFR
§ 1.164-7. Taxes of shareholder paid by corporation.
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Regulation under 26 U.S.C. § 164
Cite as 26 CFR § 1.164-7
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Source
- T.D. 6500, 25 FR 11402, Nov. 26, 1960; 25 FR 14021, Dec. 21, 1960; T.D. 9989, 89 FR 17606, Mar. 11, 2024, unless otherwise noted.
- Issued under
- 26 U.S.C. § 164
- Length
- 66 words · about 1 min to read
Banks and other corporations paying taxes assessed against their shareholders on account of their ownership of the shares of stock issued by such corporations without reimbursement from such shareholders may deduct the amount of taxes so paid. In such cases no deduction shall be allowed to the shareholders for such taxes. The amount so paid should not be included in the gross income of the shareholder.
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Itemized Deductions for Individuals and Corporations
Nearby sections
- § 1.164-3 Definitions and special rules.
- § 1.164-4 Taxes for local benefits.
- § 1.164-5 Certain retail sales taxes and gasoline taxes.
- § 1.164-6 Apportionment of taxes on real property between seller and purchaser.
- § 1.164-7 Taxes of shareholder paid by corporation.
- § 1.164-8 Payments for municipal services in atomic energy communities.
- § 1.165-1 Losses.
- § 1.165-2 Obsolescence of nondepreciable property.
- § 1.165-3 Demolition of buildings.