Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 6032
Returns of banks with respect to common trust funds
Official textgovinfo.govlast amended
Every bank (as defined in section 581) maintaining a common trust fund shall make a return for each taxable year, stating specifically, with respect to such fund, the items of gross income and the deductions allowed by subtitle A, and shall include in the return the names and addresses of the participants who would be entitled to share in the taxable income if distributed and the amount of the proportionate share of each participant. The return shall be executed in the same manner as a return made by a corporation pursuant to the requirements of sections 6012 and 6062.
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Nearby sections (25 sections)
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- 6033 · Returns by exempt organizations
- 6034 · Returns by certain trusts
- 6034A · Information to beneficiaries of estates and trusts
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- 6036 · Notice of qualification as executor or receiver
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- 6038A · Information with respect to certain foreign-owned corporations
- 6038B · Notice of certain transfers to foreign persons
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- 6038D · Information with respect to foreign financial assets
- 6038E · Information with respect to assignment of lower rates or…