[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR301.6231(c)-5]

[Page 196-197]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                               Assessment
 
Sec. 301.6231(c)-5  Criminal investigations.

    (a) In general. The treatment of items as partnership items with 
respect to a partner under criminal investigation for violation of the 
internal revenue laws relating to income tax will interfere with the 
effective and efficient enforcement of the internal revenue laws. 
Accordingly, partnership items of such a partner arising in any 
partnership taxable year ending on or before the last day of the latest 
taxable year of the partner to which the criminal investigation relates 
shall be treated as nonpartnership items as of the date on which the 
partner is notified that the partner is the subject of a criminal 
investigation and written notification is sent by the Internal Revenue 
Service that the partner's partnership items shall be treated as 
nonpartnership items. The partnership items of a partner who is notified 
that the partner is the subject of a criminal investigation shall not be 
treated as nonpartnership items under this section unless and

[[Page 197]]

until such partner is sent written notification from the Internal 
Revenue Service of such treatment.
    (b) Effective date. This section is applicable to partnership 
taxable years beginning on or after October 4, 2001. For years beginning 
prior to October 4, 2001, see Sec. 301.6231(c)-5T contained in 26 CFR 
part 1, revised April 1, 2001.

[T.D. 8965, 66 FR 50561, Oct. 4, 2001]