§1372. Partnership rules to apply for fringe benefit purposes — Inbound Citations
26 U.S.C. § 1372
Cited by 3 provisions in release 119-102.
Citations to §1372(a)
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(5) This subsection shall apply in the case of any individual treated as a partner under section 1372(a), except that—(A) for purposes of this subsection, such individual’s wages (as defined in section 3121) from the S corporation shall be treated as such individual’s earned income (within the meaning of section 401(c)(1)), and(B) there shall be such adjustments in the application of this subsection as the Secretary may by regulations prescribe.
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(a) Any election made under section 1372(a) (as in effect before the enactment of the Subchapter S Revision Act of 1982) shall be treated as an election made under section 1362.
Citations to §1372(b)
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(ii) any 2-percent shareholder (as defined in section 1372(b)) of an eligible small business which is an S corporation,