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Treasury Regulations · 26 CFR

§ 509.114. Private pensions and life annuities.

In effect eCFR current as of October 15, 2026

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).

Cite as 26 CFR § 509.114

At a glance

Read from the text and its source citation. Not part of the regulation.

Status
In the current eCFR
Length
147 words · about 1 min to read
Defines
2 terms
(a) General. Private pensions and life annuities derived from sources within the United States and paid to a nonresident alien individual who is a resident of Switzerland shall not be included in gross income and shall be exempt from United States tax, in accordance with Article XI of the convention, even though at some time during the taxable year such individual has engaged in trade or business in the United States through a permanent establishment situated therein.
(b) Definitions. As used in this section, the term “pensions” means periodic payments made in consideration for services rendered or by way of compensation for injuries received; and the term “life annuities” means a stated sum payable periodically at stated times during life, or during a specified number of years, under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

Terms defined here

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Where it sits in 26 CFR

  1. Subchapter G Regulations under tax conventions
  2. Part 509 Switzerland
  3. Subpart ECFRd60dfb9daabf2ae Subpart—General Income Tax

Nearby sections