26 U.S.C. § 701 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 701. Partners, not partnership, subject to tax
Current as of January 01, 2018 | Updated by FindLaw Staff
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
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.
Cite this article: FindLaw.com - 26 U.S.C. § 701 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 701. Partners, not partnership, subject to tax - last updated January 01, 2018 | https://codes.findlaw.com/us/title-26-internal-revenue-code/26-usc-sect-701.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?