Prior Provisions
A prior section 6221, added [Pub. L. 97–248, title IV, § 402(a)], Sept. 3, 1982, [96 Stat. 648]; amended [Pub. L. 105–34, title XII, § 1238(a)], Aug. 5, 1997, [111 Stat. 1026], related to tax treatment determined at partnership level, prior to repeal by [Pub. L. 114–74, title XI, § 1101(a)], Nov. 2, 2015, [129 Stat. 625].
Amendments
2018—Subsec. (a). [Pub. L. 115–141] amended subsec. (a) generally. Prior to amendment, text read as follows: “Any adjustment to items of income, gain, loss, deduction, or credit of a partnership for a partnership taxable year (and any partner’s distributive share thereof) shall be determined, any tax attributable thereto shall be assessed and collected, and the applicability of any penalty, addition to tax, or additional amount which relates to an adjustment to any such item or share shall be determined, at the partnership level pursuant to this subchapter.”
Statutory Notes and Related Subsidiaries
Effective Date of 2018 Amendment
Amendment by [Pub. L. 115–141] effective as if included in [section 1101 of Pub. L. 114–74], see [section 207 of Pub. L. 115–141], set out as a note under section 6031 of this title.
Effective Date
[Pub. L. 114–74, title XI, § 1101(g)], Nov. 2, 2015, [129 Stat. 638], provided that:“(1)
In general.—
Except as otherwise provided in this subsection, the amendments made by this section [enacting this subchapter, amending sections 6031, 6330, 6422, 6501, 6503, 6504, 6511, 6512, 6515, 6601, 7421, 7422, 7459, 7482, and 7485 of this title, and repealing this subchapter, subchapter D of this chapter, and part IV of subchapter K of chapter 1 of this title] shall apply to returns filed for partnership taxable years beginning after December 31, 2017.
“(2)
Administrative adjustment requests.—
In the case of [an] administrative adjustment request under section 6227 of such Code [Internal Revenue Code of 1986], the amendments made by this section shall apply to requests with respect to returns filed for partnership taxable years beginning after December 31, 2017.
“(3)
Adjusted partners statements.—
In the case of a partnership electing the application of section 6226 of such Code, the amendments made by this section shall apply to elections with respect to returns filed for partnership taxable years beginning after December 31, 2017.
“(4)
Election.—
A partnership may elect (at such time and in such form and manner as the Secretary of the Treasury may prescribe) for the amendments made by this section (other than the election under section 6221(b) of such Code (as added by this Act)) to apply to any return of the partnership filed for partnership taxable years beginning after the date of the enactment of this Act [Nov. 2, 2015] and before January 1, 2018.”