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Title 26 — Internal Revenue CodeRelease 119-73not60

§6046A Returns as to Interests in Foreign Partnerships

Title 26 › Subtitle Subtitle F— Procedure and Administration › Chapter 61— INFORMATION AND RETURNS › Subchapter A— Returns and Records › Part III— INFORMATION RETURNS › Subpart B— Information Concerning Transactions With Other Persons › § 6046A

Last updated Apr 5, 2026|Official source

Summary

A United States person must file a return when they get an interest in a foreign partnership, give up part of that interest, or their share in the partnership changes a lot, unless rules say otherwise. The return must use the form and information the Secretary of the Treasury requires. It must be filed by the 90th day after the day the person is required to file (or by a later day if the Secretary allows). A "10‑percent interest" means the interest described in section 6038(e)(3)(C). Penalties for not following these rules are in sections 6679 and 7203.

Full Legal Text

Title 26, §6046A

Internal Revenue Code — Source: USLM XML via OLRC

(a)Any United States person, except to the extent otherwise provided by regulations—
(1)who acquires any interest in a foreign partnership,
(2)who disposes of any portion of his interest in a foreign partnership, or
(3)whose proportional interest in a foreign partnership changes substantially,
(b)Any return required by subsection (a) shall be in such form and set forth such information as the Secretary shall by regulations prescribe.
(c)Any return required by subsection (a) shall be filed on or before the 90th day (or on or before such later day as the Secretary may by regulations prescribe) after the day on which the United States person becomes liable to file such return.
(d)For purposes of subsection (a), a 10-percent interest in a partnership is an interest described in section 6038(e)(3)(C).
(e)For provisions relating to penalties for violations of this section, see section 6679 and 7203.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

1997—Subsec. (a). Pub. L. 105–34, § 1143(a)(1), inserted at end “Paragraphs (1) and (2) shall apply to any acquisition or disposition only if the United States person directly or indirectly holds at least a 10-percent interest in such partnership either before or after such acquisition or disposition, and paragraph (3) shall apply to any change only if the change is equivalent to at least a 10-percent interest in such partnership.” Subsecs. (d), (e). Pub. L. 105–34, § 1143(a)(2), added subsec. (d) and redesignated former subsec. (d) as (e).

Statutory Notes and Related Subsidiaries

Effective Date

of 1997 Amendment Pub. L. 105–34, title XI, § 1143(c), Aug. 5, 1997, 111 Stat. 984, provided that: “The

Amendments

made by this section [amending this section and section 6679 of this title] shall apply to transfers and changes after the date of the enactment of this Act [Aug. 5, 1997].”

Effective Date

Pub. L. 97–248, title IV, § 407(b), Sept. 3, 1982, 96 Stat. 671, provided that: “The

Amendments

made by section 405 [enacting this section and amending section 6679 of this title] shall apply with respect to acquisitions or dispositions of, or substantial changes in, interests in foreign partnerships occurring after the date of the enactment of this Act [Sept. 3, 1982].” Special Rule for Certain International Satellite PartnershipsFor provision that this section is not applicable to certain international satellite partnerships, see section 406 of Pub. L. 97–248, set out as a note under section 6231 of this title.

Reference

Citations & Metadata

Citation

26 U.S.C. § 6046A

Title 26 — Internal Revenue Code

Last Updated

Apr 5, 2026

Release point: 119-73not60