TITLE 26. INTERNAL REVENUE CODE § 6241. Definitions and special rules., 26 USCS § 6241

Summary

For purposes of this subchapter [26 USCS §§ 6221 et seq.]—

(1) Partnership. The term “partnership” means any partnership required to file a return under section 6031(a) [26 USCS § 6031(a)].

(2) Partnership adjustment.

(A) In general. The term “partnership adjustment” means any adjustment to a partnership-related item.

(B) Partnership-related item. The term “partnership-related item” means—

(i) any item or amount with respect to the partnership (without regard to whether or not such item or amount appears on the partnership’s return and including an imputed underpayment and any item or amount relating to any transaction with, basis in, or liability of, the partnership) which is relevant (determined without regard to this subchapter) in determining the tax liability of any person under chapter 1 [26 USCS §§ 1 et seq.], and

(ii) any partner’s distributive share of any item or amount described in clause (i).

(3) Return due date. The term “return due date” means, with respect to the taxable year, the ...