Title 26 — Internal Revenue CodeRelease 119-73
§701 Partners, not partnership, subject to tax
Title 26 › Subtitle Subtitle A— - Income Taxes › Chapter CHAPTER 1— - NORMAL TAXES AND SURTAXES › Subchapter Subchapter K— - Partners and Partnerships › Part PART I— - DETERMINATION OF TAX LIABILITY › § 701
Full Legal Text
Title 26, §701
Internal Revenue Code — Source: USLM XML via OLRC
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.
Reference
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Citation
26 U.S.C. § 701
Title 26 — Internal Revenue Code
Last Updated
Apr 6, 2026
Release point: 119-73