Every trust described in section
4947(a)(2) shall furnish such information with respect to the taxable year as the Secretary may by forms or regulations require.
(b) Trusts claiming certain charitable deductions
(1) In general
Every trust not required to file a return under subsection (a) but claiming a 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—
(A)the amount of the deduction taken under section
642(c) within such year,
(B)the amount paid out within such year which represents amounts for which deductions under section
642(c) have been taken in prior years,
(C)the amount for which such deductions have been taken in prior years but which has not been paid out at the beginning of such year,
(D)the amount paid out of principal in the current and prior years for the purposes described in section
(E)the total income of the trust within such year and the expenses attributable thereto, and
(F)a balance sheet showing the assets, liabilities, and net worth of the trust as of the beginning of such year.
Paragraph (1) shall not apply to a trust for any taxable year if—
(A)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, or
2006—Pub. L. 109–280, which directed the general amendment of section
6034 without specifying the act to be amended, was executed to this section, which is section 6034 of the Internal Revenue Code of 1986, to reflect the probable intent of Congress. Prior to amendment, this section consisted of subsecs. (a) to (c) stating a general rule requiring certain trusts to furnish information as the Secretary may by forms and regulations prescribe, allowing for exceptions to the rule, and providing a cross reference relating to penalties for failure to file a return.
Subsec. (b). Pub. L. 96–603, § 1(d)(1)(B), (C), substituted in heading “Exceptions” for “Exception” and in text inserted provision that this section not apply in the case of a trust described in section
1976—Subsec. (a). Pub. L. 94–455struck out “or his delegate” after “Secretary”.
1969—Subsec. (a). Pub. L. 91–172, § 101(j)(32), (33), inserted, in section catchline and in subsec. (a), reference to trusts described in section
4947(a), and, in par. (1), struck out provisions requiring the separate showing of the amount of deduction paid out, and the amount permanently set aside for charitable, etc., purposes.
Pub. L. 109–280, title XII, § 1201(c)(2),Aug. 17, 2006, 120 Stat. 1066, provided that: “The amendments made by subsection (b) [amending this section and sections
6652 of this title] shall apply to returns for taxable years beginning after December 31, 2006.”
Effective Date of 1986 Amendment
Amendment by Pub. L. 99–514applicable to returns the due date for which (determined without regard to extensions) is after Dec. 31, 1986, see section 1501(e) ofPub. L. 99–514, set out as an Effective Date note under section
6721 of this title.
Effective Date of 1980 Amendment
Amendment by Pub. L. 96–603applicable to taxable years beginning after Dec. 31, 1980, see section 1(f) ofPub. L. 96–603, set out as a note under section
6033 of this title.
Effective Date of 1969 Amendment
Amendment by Pub. L. 91–172applicable to taxable years beginning after Dec. 31, 1969, see section 101(k)(2)(B) ofPub. L. 91–172, set out as an Effective Date note under section
4940 of this title.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
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