{"data":{"id":"us/26-cfr-1.706-5","jurisdiction":"us","citation":"26 CFR 1.706-5","heading":"-5 Taxable year determination.","body":"(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.\n(b) Effective/applicability date. This section applies for partnership taxable years that begin on or after August 3, 2015.","path":["Title 26—Internal Revenue","CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—INCOME TAX","PART 1—INCOME TAXES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-26.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:11Z","sha256":"0435dca12b4327c1f50285028de93f0ca88724d72d0f8886ceb2d3002570706b","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-1.706-4","next":"us/26-cfr-1.707-0"},"notice":"GroundRules: Original legal text. Not legal advice."}