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INTERNAL REVENUE CODE OF 195 4
(A) bankruptcy or receivership of the employer; (B) dispute as to the habihty of the employer to pay such remuneration, which is determined after the commencement of court proceedings; (C) if the employer is the United States, a State, a Territory, or any political subdivision thereof, or the District of Columbia, or any agency or instrumentality of any of the foregoing, lack of funds appropriated to pay such remuneration; or (D) any other event determined to be similar in nature under regulations prescribed by the Secretary or his delegate. (2) Wages or salaries which are received or accrued during the taxable year by an employee for services performed before the taxable year for his employer and which constitute retroactive wage or salary increases ordered, recommended, or approved by any Federal or State agency, and made retroactive to any period before the taxable year. (3) Payments which are received or accrued during the taxable year as the result of an alleged violation by an employer of any State or Federal law relating to labor standards or practices, and which are determined under regulations prescribed by the Secretary or his delegate to be attributable to a prior taxable year. SEC. 1304. RULES APPLICABLE TO THIS PART. (a) FRACTIONAL PARTS OF A M O N T H. — For purposes of this part, a
fractional part of a month shall be disregarded unless it amounts to more than half a month, in which case it should be considered as a month. (b) T A X ON SELF-EMPLOYMENT INCOME.—This part shall be applied without regard to, and shall not affect, the tax imposed by chapter 2 relating to self-employment income. (c) COMPUTATION OP T A X ATTRIBUTABLE TO INCOME ALLOCATED TO PRIOR P E R I O D. — For the purpose of computing the tax attributable
to the amount of an item of gross income allocable under this part to a particular taxable year, such amount shall be considered income only of the person who would be required to include the item of gross income in a separate return filed for the taxable year in which such item was received or accrued. (d) EFFECTIVE D A T E OF CERTAIN SUBSECTIONS.—Subsection (c) of
section 1301 and subsection (c) of this section shall apply only to amounts received or accrued after March 1, 1954. Notwithstanding any other provision of this title, section 107 of the Internal Revenue Code of 1939 shall apply to amounts received or accrued as a partner on or before March 1, 1954, under this section and to the computation of tax on amounts received or accrued on or before March 1, 1954.
§ 1303(b)(1)(A)
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