ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

26 U.S.C. § 1373 — Foreign income

submitted 44 years ago by Pub. L. 97-354 to r/title-26-INTERNAL-REVENUE-CODE · 98 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) S corporation treated as partnership, etc.

For purposes of subparts A and F of part III, and part V, of subchapter N (relating to income from sources without the United States)—

(1)

an S corporation shall be treated as a partnership, and

(2)

the shareholders of such corporation shall be treated as partners of such partnership.

(b) Recapture of overall foreign loss

For purposes of section 904(f) (relating to recapture of overall foreign loss), the making or termination of an election to be treated as an S corporation shall be treated as a disposition of the business.

Source credit: (Added Pub. L. 97–354, § 2, Oct. 19, 1982, 96 Stat. 1682.)

history & why it existsrecord from the source credit
  • 1982Enacted · Pub. L. 97-354 · 96 Stat. 1682

A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-354 on 1982-10-19.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case