Question

Which of the following sections of the Internal Revenue Code deal with partnerships?

a. the 700s
b. the 300s
c. Section 162
d. Section 501

Answer 1

Section 700 of the Internal Revenue Code deals with partnerships and their taxation and reporting requirements.

Step-by-step explanation:

The section of the Internal Revenue Code that deals with partnerships is Section 700. It specifically addresses the taxation of partnerships and the reporting requirements for partnership income. This section provides rules for determining the tax treatment of partnerships and the allocation of income and deductions among partners.