Source: http://taxtv.com/code/00877-USCODE-2011-title26-subtitleA-chap3-subchapA-sec1446/
Timestamp: 2017-11-21 10:06:04
Document Index: 100186765

Matched Legal Cases: ['§1446', '§1446', '§1446', '§1246', '§1012', '§7811', '§7811', '§7811', '§7811']

IRC §1446. Withholding 1 tax on foreign partners’ share of effectively connected income - TaxTV.com
IRC §1446. Withholding 1 tax on foreign partners’ share of effectively connected income
View related content: IRC §1446
(B) the highest rate of tax specified in section 11(b)(1) in the case of the portion of the effectively connected taxable income which is allocable under section 704 to foreign partners which are corporations.
Except as provided in regulations, a foreign partner’s share of any withholding tax paid by the partnership under this section shall be treated as distributed to such partner by such partnership on the earlier of—
(B) the last day of the partnership’s taxable year for which such tax was paid.
(Added Pub. L. 99– 4, title XII, §1246(a), Oct. 22, 1986, 100 Stat. 2582; amended Pub. L. 100–647, title I, §1012(s)(1)(A), Nov. 10, 1988, 102 Stat. 3526; Pub. L. 101–239, title VII, §7811(i)(6), Dec. 19, 1989, 103 Stat. 2410.)
1989—Subsec. (b)(2)(B). Pub. L. 101–239, §7811(i)(6)(A), substituted “section 11(b)(1)” for “section 11(b)”.
Subsec. (d)(2). Pub. L. 101–239, §7811(i)(6)(B), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “A foreign partner’s share of any withholding tax paid by the partnership under this section shall be treated as distributed to such partner by such partnership on the last day of the partnership’s taxable year (for which such tax was paid).”
Subsec. (f). Pub. L. 101–239, §7811(i)(6)(C), amended subsec. (f) generally. Prior to amendment, subsec. (f) read as follows: “The Secretary shall prescribe such regulations as may be necessary to carry out the purposes of this section, including regulations providing for the application of this section in the case of publicly traded partnerships.”
Section 1012(s)(1)(D) of Pub. L. 100–647 provided that: “The amendments made by this paragraph [amending sections 1446 and 6401 of this title] shall apply to taxable years beginning after December 31, 1987. No amount shall be required to be deducted and withheld under section 1446 of the 1986 Code (as in effect before the amendment made by subparagraph (A)).”
Section 1246(d) of Pub. L. 99– 4 provided that: “The amendment made by this section [enacting this section and amending section 6401 of this title] shall apply to distributions after December 31, 1987 (or, if earlier, the effective date (which shall not be earlier than January 1, 1987) of the initial regulations issued under section 1446 of the Internal Revenue Code of 1986 as added by this section).”