26-U.S.C.-6240
§6240 – Application of Subchapter
Pathway
Title 26 > Subtitle F > Chapter 63 > Subchapter D > Part I > Section 6240
Details
- Reference: Section 6240
- Legend: §6240 – Application of Subchapter
- USCode Year: 2013
Provision Content
(a) General rule
This subchapter shall only apply to electing large partnerships and partners in such partnerships.
(b) Coordination with other partnership audit procedures
(1) In general
Subchapter C of this chapter shall not apply to any electing large partnership other than in its capacity as a partner in another partnership which is not an electing large partnership.
(2) Treatment where partner in other partnership
If an electing large partnership is a partner in another partnership which is not an electing large partnership—
(A) subchapter C of this chapter shall apply to items of such electing large partnership which are partnership items with respect to such other partnership, but
(B) any adjustment under such subchapter C shall be taken into account in the manner provided by section 6242.
(Added Pub. L. 105–34, title XII, §1222(a), Aug. 5, 1997, 111 Stat. 1009.)
Effective Date
Subchapter applicable to partnership taxable years beginning after Dec. 31, 1997, see section 1226 of Pub. L. 105–34, as amended, set out as an Effective Date of 1997 Amendment note under section 6011 of this title.
U.S. Encyclopedia of Law Coverage
26-U.S.C.-6240 in the Legal Encyclopedia: Tax Administration
In this entry about 26-U.S.C.-6240, find legal reference material, bibliographies and premiere content related to tax administration in the American Encyclopedia of Law, presenting a comprehensive view of the United States tax administration-specific issues, written by authorities in the field.
26-U.S.C.-6231 in the Legal Encyclopedia: Tax Procedure
In this entry about 26-U.S.C.-6231, find legal reference material, bibliographies and premiere content related to tax procedure in the American Encyclopedia of Law, presenting a comprehensive view of the United States tax procedure-specific issues, written by authorities in the field.
26-U.S.C.-6214 in the Legal Encyclopedia: Tax Assessment
In this entry about 26-U.S.C.-6214, find legal reference material, bibliographies and premiere content related to tax assessment in the American Encyclopedia of Law, presenting a comprehensive view of the United States tax assessment-specific issues, written by authorities in the field.
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