26 U.S.C. § 875 — Partnerships; beneficiaries of estates and trusts
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 88 words · no verdicts yet
For this subtitle, a foreign person is treated as engaged in a United States trade or business when the person's partnership, or an estate or trust of which the person is a beneficiary, is so engaged.
For this subtitle: (1) a nonresident alien individual or foreign corporation* is treated as engaged in a United States trade or business* if its partnership* is so engaged; and (2) such a person who is a beneficiary of an estate or trust engaged in any trade or business is treated as engaged in that United States business.
For purposes of this subtitle—
a nonresident alien individual or foreign corporation* shall be considered as being engaged in a trade or business* within the United States if the partnership* of which such individual or corporation is a member is so engaged, and
a nonresident alien individual or foreign corporation which is a beneficiary of an estate or trust which is engaged in any trade or business within the United States shall be treated as being engaged in such trade or business within the United States.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 281; Pub. L. 89–809, title I, § 103(e)(1), Nov. 13, 1966, 80 Stat. 1551.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
- 1966Amended · Pub. L. 89-809 · 80 Stat. 1551
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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