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Sec. 1399. No Separate Taxable Entities For Partnerships, Corporations, Etc.

Except in any case to which section 1398 applies, no separate taxable entity shall result from the commencement of a case under title 11 of the United States Code.
(Added Pub. L. 96-589, 3(a)(1), Dec. 24, 1980, 94 Stat. 3400.)
BACKGROUND NOTES
EFFECTIVE DATE
Effective for bankruptcy cases commencing on or after March 25, 1981.