United States IRC sections
Statute section
IRC section 482
Allocation of income and deductions among taxpayers
Country
United States
Section
482
Updated
2026-05-20
Operative text
Section 482 authorizes the IRS to distribute, apportion, or allocate gross income, deductions, credits, and allowances between or among related parties to clearly reflect income or prevent tax evasion. The implementing regulations establish the transfer-pricing methodologies and arm's-length-principle framework.
Cross-references
26 U.S.C. 6662
Related guides
Related citations
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This entry cites
Cited by
Primary sources
- 26 U.S.C. section 482Verified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.