View all text of Part III [§ 1371 - § 1375]
§ 1372. Partnership rules to apply for fringe benefit purposes
(a) General rule
For purposes of applying the provisions of this subtitle which relate to employee fringe benefits—
(1) the S corporation shall be treated as a partnership, and
(2) any 2-percent shareholder of the S corporation shall be treated as a partner of such partnership.
(b) 2-percent shareholder defined
(Added Pub. L. 97–354, § 2, Oct. 19, 1982, 96 Stat. 1682.)