26 CFR § 1.706-5 - Taxable year determination.

(a) In general. For purposes of § 1.706-4, the taxable year of a partnership shall be determined without regard to section 706(c)(2)(A) and its regulations.

(b) Effective/applicability date. This section applies for partnership taxable years that begin on or after August 3, 2015.

[T.D. 9728, 80 FR 45883, Aug. 3, 2015]