FEDERAL · 26 U.S.C. · Chapter Subchapter K—Partners and Partnerships

Partners, not partnership, subject to tax

26 U.S.C. § 701
Title26Internal Revenue Code
ChapterSubchapter K—Partners and Partnerships
PartI

This text of 26 U.S.C. § 701 (Partners, not partnership, subject to tax) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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26 U.S.C. § 701.

Text

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.

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Source Credit

History

(Aug. 16, 1954, ch. 736, 68A Stat. 239.)

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26 U.S.C. § 701, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/701.