### Question
How does Income Taxes define 1st postenactment year?


### Answer
Under *26 U.S.C. § 1379*, **1st postenactment year** is defined as:

> the 1st taxable year of a corporation which begins after December 31, 1982

#### Citation:
  - *26 U.S.C. § 1379*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter S-Tax Treatment of S Corporations and Their Shareholders > PART IV-DEFINITIONS; MISCELLANEOUS**

