The Library · 26 U.S.C. § 4942
IRC § 4942: Taxes on failure to distribute income
The 5% payout rule: the distributable amount, qualifying distributions, carryovers and the tax on what is left undistributed.
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Citation
26 U.S.C. § 4942
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Statute
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2024 main edition. U.S. Code, 2024 main edition, as published by the Government Publishing Office. It does not reflect laws enacted after that edition, including Pub. L. 119-21 (4 July 2025). For the current text, see uscode.house.gov.
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2026-10-21, from www.govinfo.gov
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26 U.S.C. § 4942 (2024 main edition), copy retrieved 2026-10-21, SHA-256 8d247a4f41070eaa88e080ee2975e86a4cdb1c7e547765360d4d37ee9eba73ad, paretoalphasystems.com/library/irc-4942
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IRC § 4940: Excise tax on net investment income
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IRC § 4941: Self-dealing
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IRC § 4943: Excess business holdings
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IRC § 4944: Jeopardizing investments
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