Source: http://www.law.cornell.edu/uscode/text/26/6031?quicktabs_8=1
Timestamp: 2014-07-23 12:40:38
Document Index: 231582084

Matched Legal Cases: ['§ 6031', '§ 1906', '§ 403', '§ 1501', '§ 1811', '§ 5074', '§ 1141', '§ 1223', '§ 833', '§ 1223', '§ 1141', '§ 1501', '§ 1811', '§ 1811', '§ 403', '§ 403', '§ 1141', '§ 5074', '§ 1811', '§ 404', '§ 2']

26 U.S. Code § 6031 - Return of partnership income | LII / Legal Information Institute
General rule Every partnership (as defined in section 761
(a)) shall make a return for each taxable year, stating specifically the items of its gross income and the deductions allowable by subtitle A, and such other information, for the purpose of carrying out the provisions of subtitle A as the Secretary may by forms and regulations prescribe, and shall include in the return the names and addresses of the individuals who would be entitled to share in the taxable income if distributed and the amount of the distributive share of each individual.
Copies to partners Each partnership required to file a return under subsection (a) for any partnership taxable year shall (on or before the day on which the return for such taxable year was required to be filed) furnish to each person who is a partner or who holds an interest in such partnership as a nominee for another person at any time during such taxable year a copy of such information required to be shown on such return as may be required by regulations. In the case of an electing large partnership (as defined in section 775), such information shall be furnished on or before the first March 15 following the close of such taxable year.
Nominee reporting Any person who holds an interest in a partnership as a nominee for another person—
Separate statement of items of unrelated business taxable income In the case of any partnership regularly carrying on a trade or business (within the meaning of section 512
(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 512
(a)(1), but without regard to the modifications described in paragraphs (8) through (15) of section 512
Foreign partnerships (1)
Exception for foreign partnership Except as provided in paragraph (2), the preceding provisions of this section shall not apply to a foreign partnership.
Certain foreign partnerships required to file return Except as provided in regulations prescribed by the Secretary, this section shall apply to a foreign partnership for any taxable year if for such year, such partnership has—
Electing investment partnerships In the case of any electing investment partnership (as defined in section 743
(e)(6)), the information required under subsection (b) to be furnished to any partner to whom section 743
(e)(2) applies shall include such information as is necessary to enable the partner to compute the amount of losses disallowed under section 743
(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. 99–514, 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.)
2004—Subsec. (f). Pub. L. 108–357added subsec. (f).
1997—Subsec. (b). Pub. L. 105–34, § 1223(a), inserted at end “In the case of an electing large partnership (as defined in section 775), such information shall be furnished on or before the first March 15 following the close of such taxable year.”
Subsec. (e). Pub. L. 105–34, § 1141(a), added subsec. (e).
1988—Subsec. (d). Pub. L. 100–647added subsec. (d).
1986—Subsec. (b). Pub. L. 99–514, § 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. 99–514, § 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. 99–514, § 1811(b)(1)(A)(ii), added subsec. (c).
1982—Subsec. (a). Pub. L. 97–248, § 403(b), designated existing provisions as subsec. (a) and added subsec. heading.
Subsec. (b). Pub. L. 97–248, § 403(a), added subsec. (b).
Amendment by Pub. L. 108–357applicable to transfers after Oct. 22, 2004, with transition rule in the case of an electing investment partnership which is in existence on June 4, 2004, see section 833(d)(2) ofPub. L. 108–357, set out as a note under section 743 of this title.
Pub. L. 105–34, title XI, § 1141(c),Aug. 5, 1997, 111 Stat. 981, provided that: “The amendments made by this section [amending this section and section 6231 of this title] shall apply to taxable years beginning after the date of the enactment of this Act [Aug. 5, 1997].”
Amendment by section 1223(a) ofPub. L. 105–34applicable to partnership taxable years beginning after Dec. 31, 1997, see section 1226 ofPub. L. 105–34, as amended, set out as a note under section 6011 of this title.
Pub. L. 100–647, title V, § 5074(b),Nov. 10, 1988, 102 Stat. 3682, provided that: “The amendment made by subsection (a) [amending this section] shall apply to taxable years beginning after December 31, 1988.”
Amendment by section 1501(c)(16) ofPub. L. 99–514applicable to returns the due date for which (determined without regard to extensions) is after Dec. 31, 1986, see section 1501(e) ofPub. L. 99–514, set out as an Effective Date note under section 6721 of this title.
Pub. L. 99–514, title XVIII, § 1811(b)(1)(B),Oct. 22, 1986, 100 Stat. 2832, 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].”
Pub. L. 97–248, title IV, § 404,Sept. 3, 1982, 96 Stat. 669, as amended by Pub. L. 99–514, § 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.”