U.S.C. Title 26 - INTERNAL REVENUE CODE 26 U.S.C. United States Code, 2024 Edition Title 26 - INTERNAL REVENUE CODE Subtitle A - Income Taxes CHAPTER 1 - NORMAL TAXES AND SURTAXES Subchapter K - Partners and Partnerships PART I - DETERMINATION OF TAX LIABILITY Sec. 701 - Partners, not partnership, subject to tax From the U.S. Government Publishing Office, www.gpo.gov §701. Partners, not partnership, subject to tax A partnership as such shall not be subject to the income tax imposed by this chapter. Persons carrying on business as partners shall be liable for income tax only in their separate or individual capacities. (Aug. 16, 1954, ch. 736, 68A Stat. 239.)
26 U.S.C. § 701
§701. Partners, not partnership, subject to tax
Edition 2024