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INTERNAL REVENUE CODE OF 1986


Index  » Subtitle A  » Chapter 1  » Subchapter K  » I.R.C. 701

I.R.C. 701
Partners, not partnership, subject to tax

Current through February 18, 2024 (Pub. L. 118-39)


§ 692 « Browse » § 702

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I.R.C. § 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.)


Regulations for I.R.C. 701 (Return to Top)

§ 1.701-1Partners, not partnership, subject to tax
§ 1.701-2Anti-abuse rule

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