§ 6034. Returns by certain trusts

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(a)Split-interest trusts 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 642(c),

(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.

(2)Exceptions 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

(B)the trust is described in section 4947(a)(1).

(Aug. 16, 1954, ch. 736, 68A Stat. 742; Pub. L. 91–172, title I, § 101(j)(32)–(34), Dec. 30, 1969, 83 Stat. 529; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 96–603, § 1(d)(1), Dec. 28, 1980, 94 Stat. 3504; Pub. L. 99–514, title XV, § 1501(d)(1)(C), Oct. 22, 1986, 100 Stat. 2740; Pub. L. 109–280, title XII, § 1201(b)(1), Aug. 17, 2006, 120 Stat. 1064.)

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Aug. 16, 1954, ch. 736
68A Stat. 742
Pub. L. 91–172, title I, § 101(j)(32)
83 Stat. 529
Pub. L. 94–455, title XIX, § 1906(b)(13)(A)
90 Stat. 1834
Pub. L. 96–603, § 1(d)(1)
94 Stat. 3504
Pub. L. 99–514, title XV, § 1501(d)(1)(C)
100 Stat. 2740
Pub. L. 109–280, title XII, § 1201(b)(1)
120 Stat. 1064
Pub. L. 109–280
Pub. L. 99–514
Pub. L. 96–603, § 1(d)(1)(D)
Pub. L. 96–603, § 1(d)(1)(A)
Pub. L. 96–603, § 1(d)(1)(B)
Pub. L. 94–455
Pub. L. 91–172, § 101(j)(32)
Pub. L. 91–172, § 101(j)(34)
Pub. L. 109–280, title XII, § 1201(c)(2)
120 Stat. 1066
section 1501(e) of Pub. L. 99–514
Pub. L. 96–603
section 1(f) of Pub. L. 96–603
Pub. L. 91–172
section 101(k)(2)(B) of Pub. L. 91–172

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cites case law

§ 6034

Returns by certain trusts

Fed. Reg.×5

Stat.×3

U.S.C.×2

U.S.C.§ 6721

U.S.C.§ 6033

U.S.C.§ 4940

ActAug. 16, 1954, ch. 736

Stat.68A Stat. 742

Pub. L.Pub. L. 91–172, title I, § 101(j)(32)

Stat.83 Stat. 529

Pub. L.Pub. L. 94–455, title XIX, § 1906(b)(13)(A)

Cites 30 · showing 8Cited by 10 across 3 sources