Source: https://www.law.cornell.edu/uscode/text/26/709?qt-us_code_tabs=1
Timestamp: 2016-02-07 09:45:04
Document Index: 641134750

Matched Legal Cases: ['§ 709', '§ 709', '§ 709', '§\u202f213', '§\u202f902', '§\u202f403', '§\u202f213', '§\u202f2']

26 U.S. Code § 709 - Treatment of organization and syndication fees | US Law | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle A › Chapter 1 › Subchapter K › Part I › § 709 26 U.S. Code § 709 - Treatment of organization and syndication fees
Treatment of organization and syndication fees
(1) Allowance of deductionIf a partnership elects the application of this subsection (in accordance with regulations prescribed by the Secretary) with respect to any organizational expenses—
(3) Organizational expenses definedThe organizational expenses to which paragraph (1) applies, are expenditures which—
(Added Pub. L. 94–455, title II, § 213(b)(1), Oct. 4, 1976, 90 Stat. 1547; amended Pub. L. 108–357, title VIII, § 902(c), Oct. 22, 2004, 118 Stat. 1651; Pub. L. 109–135, title IV, § 403(ll), Dec. 21, 2005, 119 Stat. 2632.)
Pub. L. 94–455, title II, § 213(f), Oct. 4, 1976, 90 Stat. 1548, as amended by Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that:
Except as otherwise provided in this subsection, the amendments made by this section [enacting this section and amending sections 179, 704, 706, 707, and 761 of this title] shall apply in the case of partnership taxable years beginning after December 31, 1975.
“(2)Subsection (e).—
The amendment made by subsection (e) [amending section 704 of this title] shall apply to liabilities incurred after December 31, 1976.
“(3)Section 709(b) of the code.—
Section 709(b) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] (as added by the amendment made by subsection (b)(1) of this section) shall apply in the case of amounts paid or incurred in taxable years beginning after December 31, 1976.”