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TITLE 26 > Subtitle F > CHAPTER 61 > Subchapter A > PART III > Subpart A > § 6034
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§ 6034. Returns by trusts described in section 4947 (a)(2) or claiming charitable deductions under section 642 (c)

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(a) General rule
Every trust described in section 4947 (a)(2) or claiming a charitable, etc., deduction under section 642 (c) for the taxable year shall furnish such information with respect to such taxable year as the Secretary may by forms or regulations prescribe, including—
(1) the amount of the charitable, etc., deduction taken under section 642 (c) within such year,
(2) the amount paid out within such year which represents amounts for which charitable, etc., deductions under section 642 (c) have been taken in prior years,
(3) the amount for which charitable, etc., deductions have been taken in prior years but which has not been paid out at the beginning of such year,
(4) the amount paid out of principal in the current and prior years for charitable, etc., purposes,
(5) the total income of the trust within such year and the expenses attributable thereto, and
(6) a balance sheet showing the assets, liabilities, and net worth of the trust as of the beginning of such year.
(b) Exceptions
This section shall not apply in the case of a taxable year if all the net income for such year, determined under the applicable principles of the law of trusts, is required to be distributed currently to the beneficiaries. This section shall not apply in the case of a trust described in section 4947 (a)(1).
(c) Cross reference
For provisions relating to penalties for failure to file a return required by this section, see section 6652 (c).
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Parallel authorities (CFR)
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