26 U.S.C. § 875

Current through P.L. 118-47 (published on www.congress.gov on 03/23/2024)

Section 875 - Partnerships; beneficiaries of estates and trusts

For purposes of this subtitle-

(1) 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

(2) 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.

26 U.S.C. § 875

Aug. 16, 1954, ch. 736, 68A Stat. 281; Pub. L. 89-809, title I, §103(e)(1), Nov. 13, 1966, 80 Stat. 1551.

EDITORIAL NOTES

AMENDMENTS1966- Pub. L. 89-809 designated existing provisions as par. (1), substituted reference to nonresident alien individuals or foreign corporations for reference simply to nonresident alien individuals, and added par. (2).

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATE OF 1966 AMENDMENT Amendment by Pub. L. 89-809 applicable with respect to taxable years beginning after Dec. 31, 1966, see section 103(n)(1) of Pub. L. 89-809 set out as a note under section 871 of this title.

corporation

The term "corporation" includes associations, joint-stock companies, and insurance companies.

trade or business

The term "trade or business" includes the performance of the functions of a public office.