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Internal Revenue Code · 26 U.S.C.

§ 6032. Returns of banks with respect to common trust funds

In force Text current through Public Law 119-121 (October 9, 2026) release point 119-121

Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).

Cite as 26 U.S.C. § 6032

At a glance

Read from the text, the source credit and the official notes. Not part of the law.

Status
In force
Length
106 words · about 1 min to read
Cross-references
cites 3; cited by 0 Code sections and 2 other regulations
Regulations
2 issued under this section

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.

(Aug. 16, 1954, ch. 736, 68A Stat. 741.)

Regulations under this section

Treasury regulations (26 CFR) issued under § 6032

Cross-references

Computed from the citations in the text of Title 26 and 26 CFR.

This section cites 3 other sections

Cited in 2 regulations not issued under it

Where it sits in the Code

  1. Subtitle F Procedure and Administration
  2. Chapter 61 INFORMATION AND RETURNS
  3. Subchapter A Returns and Records
  4. Part III INFORMATION RETURNS
  5. Subpart A Information Concerning Persons Subject to Special Provisions

Nearby sections