Part 1: What is the title of I.R.C. $ 265? Part 2: How many regulations exist related to 265? Part 3: Is a gain realized by a corporation upon a plan of complete liquidation "wholly exempt" income? Part 4: If your subscription has access to Tools, under what regulation does a taxpayer attach a statement of exempt income and expense allocation to a tax return as provided in AnswerConnect? It would be best and provide most useful to use AnswerConnect to look up these questions. However, part 4 is tricky without the right tool so it may be omitted