26 USC 1372 - Partnership rules to apply for fringe benefit purposes

U.S Code last checked for updates: May 17, 2024

§ 1372.

Partnership rules to apply for fringe benefit purposes

(a)

General rule

For purposes of applying the provisions of this subtitle which relate to employee fringe benefits—

(1)

the S corporation shall be treated as a partnership, and

(2)

any 2-percent shareholder of the S corporation shall be treated as a partner of such partnership.

(b)

2-percent shareholder defined

(Added Pub. L. 97–354, § 2, Oct. 19, 1982, 96 Stat. 1682.)

cite as: 26 USC 1372