Source: http://taxtv.com/code/01485-USCODE-2011-title26-subtitleF-chap61-subchapA-partIII-subpartA-sec6031/
Timestamp: 2017-11-24 04:06:16
Document Index: 284809791

Matched Legal Cases: ['§6031', '§6031', '§6031', '§1906', '§403', '§1501', '§1811', '§5074', '§1141', '§1223', '§833', '§1501', '§1811', '§1811', '§2']

IRC §6031. Return of partnership income - TaxTV.com
IRC §6031. Return of partnership income
View related content: IRC §6031
In the case of any partnership regularly carrying on a trade or business (within the meaning of section 2(c)(1)), the information required under subsection (b) to be furnished to its partners shall include such information as is necessary to enable each partner to compute its distributive share of partnership income or loss from such trade or business in accordance with section 2(a)(1), but without regard to the modifications described in paragraphs (8) through (15) of section 2(b).
(Aug. 16, 1954, ch. 736, 68A Stat. 741; Pub. L. 94–455, title XIX, §1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 97–248, title IV, §403, Sept. 3, 1982, 96 Stat. 669; Pub. L. 99– 4, title XV, §1501(c)(16), title XVIII, §1811(b)(1)(A), Oct. 22, 1986, 100 Stat. 2740, 2832; Pub. L. 100–647, title V, §5074(a), Nov. 10, 1988, 102 Stat. 3682; Pub. L. 105–34, title XI, §1141(a), title XII, §1223(a), Aug. 5, 1997, 111 Stat. 980, 1019; Pub. L. 108–357, title VIII, §833(b)(4)(B), Oct. 22, 2004, 118 Stat. 1590.)
1986—Subsec. (b). Pub. L. 99– 4, §1501(c)(16), substituted “was required to be filed” for “was filed” and “required to be shown on such return” for “shown on such return”.
Pub. L. 99– 4, §1811(b)(1)(A)(i), inserted “or who holds an interest in such partnership as a nominee for another person” after “who is a partner”.
Subsec. (c). Pub. L. 99– 4, §1811(b)(1)(A)(ii), added subsec. (c).
Amendment by section 1501(c)(16) of Pub. L. 99– 4 applicable to returns the due date for which (determined without regard to extensions) is after Dec. 31, 1986, see section 1501(e) of Pub. L. 99– 4, set out as an Effective Date note under section 6721 of this title.
Section 1811(b)(1)(B) of Pub. L. 99– 4 provided that: “The amendments made by this subsection [amending this section and section 6050K of this title] shall apply to partnership taxable years beginning after the date of the enactment of this Act [Oct. 22, 1986].”
Section 404 of Pub. L. 97–248, as amended by Pub. L. 99– 4, §2, Oct. 22, 1986, 100 Stat. 2095, provided that: “Except as hereafter provided in regulations prescribed by the Secretary of the Treasury or his delegate, nothing in section 6031 of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] shall be treated as excluding any partnership from the filing requirements of such section for any taxable year if the income tax liability under subtitle A of such Code of any United States person is determined in whole or in part by taking into account (directly or indirectly) partnership items of such partnership for such taxable year.”