Source: https://www.law.cornell.edu/uscode/text/26/6240
Timestamp: 2017-09-22 10:12:26
Document Index: 273333982

Matched Legal Cases: ['§ 6240', '§ 6240', '§ 6240', '§\u202f6240', '§\u202f1222', '§\u202f1101']

26 U.S. Code § 6240 - Application of subchapter | US Law | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle F › Chapter 63 › Subchapter D › Part I › § 6240
26 U.S. Code § 6240 - Application of subchapter
§ 6240.
Application of subchapter
This subchapter shall only apply to electing large partnerships and partners in such partnerships.
(b) Coordination with other partnership audit procedures
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 partnershipIf an electing large partnership is a partner in another partnership which is not an electing large partnership—
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
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.)
Pub. L. 114–74, title XI, § 1101(b)(2), (g), Nov. 2, 2015, 129 Stat. 625, 638, provided that, applicable to returns filed for partnership taxable years beginning after Dec. 31, 2017, with certain exceptions, this section is repealed.
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.
Treatment of Electing Large Partnerships : 2009-03-13