Statute · United States Code
26 U.S.C. § 701 — Partners, not partnership, subject to tax
26 U.S.C. § 701
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- bankruptcy
A partnership as such shall not be subject to the income tax imposed by this chapter. Persons carrying on business as partners shall be liable for income tax only in their separate or individual capacities.
Citator
26 U.S.C. § 701 — Partners, not partnership, subject to tax is in force in the current edition of the Code, and nothing recorded condemns it.
A partnership as such shall not be subject to the income tax imposed by this chapter. Persons carrying on business as partners shall be liable for income tax only in their separate or individual capacities.