Treasury Regulations · 26 CFR
§ 1.815-5. Other accounts defined.
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. § 815
Cite as 26 CFR § 1.815-5
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- January 20, 1961 by T.D. 6535
- Last amended
- March 14, 2019 by T.D. 9849
- Issued under
- 26 U.S.C. § 815
- Length
- 165 words · about 1 min to read
- Cross-references
- cites 1 Code section and 3 regulations; cited by 3
The term other accounts, as used in section 815(a)(3) and paragraph (b) of § 1.815-2, means all amounts which are not specifically included in the shareholders surplus account under section 815(b) and paragraph (b) of § 1.815-3, or in the policyholders surplus account under section 815(c) and paragraph (b) of § 1.815-4. Thus, for example, other accounts includes amounts representing the increase in tax due to the operation of section 802(b)(3) which is not taken into account for the taxable years 1959 and 1960 because of the special transitional rule provided in section 802(a)(3), earnings and profits accumulated prior to January 1, 1958, paid-in surplus, capital, etc. To the extent that a distribution (or any portion thereof) is treated as being made out of other accounts, no tax is imposed on the company with respect to such distribution.
[T.D. 6535, 26 FR 544, Jan. 20, 1961, as amended by T.D. 9849, 84 FR 9236, Mar. 14, 2019]
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
Regulations it cites
- § 1.815-2 Distributions to shareholders.
- § 1.815-3 Shareholders surplus account.
- § 1.815-4 Policyholders surplus account.
Cited by 3 other regulations
Amendment history
From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.
- Amended by T.D. 9849 (84 FR 9236)
- Issued by T.D. 6535 (26 FR 544)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Distributions to shareholders