§ 1373. Foreign income
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/usc/title-26/section-1373A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.
(Added Pub. L. 97–354, § 2, Oct. 19, 1982, 96 Stat. 1682.)
Connections4 cite this · traces to 1
Cited by 4 sections
statutes-at-large
- Public Law 87–834
- Public Law 91–169to promote the safety of employees and travelers upon railroads by limiting the hours of service of employees thereon,” approved March 4, 1907
- Public Law 183
- Public Law 97–354To revise subchapter S of the Internal Revenue Code of 1954 (relating to small business corporations)
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U.S. Code
10 references not yet in our index
- Pub. L. 97–354, § 2
- 96 Stat. 1682
- Pub. L. 85–866, title I, § 64(a)
- 72 Stat. 1652
- Pub. L. 89–389, § 2(b)(3)
- 80 Stat. 114
- Pub. L. 91–172, title III, § 301(b)(10)
- 83 Stat. 586
- section 2 of Pub. L. 97–354
- section 6(a) of Pub. L. 97–354
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§ 1373
Foreign income
Stat.×4
Pub. L.Pub. L. 97–354, § 2
Stat.96 Stat. 1682
Pub. L.Pub. L. 85–866, title I, § 64(a)
Stat.72 Stat. 1652
Pub. L.Pub. L. 89–389, § 2(b)(3)
Cites 11 · showing 6Cited by 4 across 1 source