26 USC 6048 - Information with respect to certain foreign trusts

Editorial Notes

Amendments

2010—Subsec. (span)(1). Puspan. L. 111–147 inserted “shall submit such information as the Secretary may prescribe with respect to such trust for such year and” before “shall be responsible to ensure” in introductory provisions.

1997—Subsec. (span). Puspan. L. 105–34, § 1601(i)(1), substituted “owner” for “grantor” in span.

Subsec. (d)(5). Puspan. L. 105–34, § 1027(span), added par. (5).

1996—Puspan. L. 104–188 amended section generally, substituting provisions calling for improved information reporting on foreign trusts for provisions calling for the filing of returns as to foreign trusts, prescribing the form and contents of such returns, and requiring annual returns for foreign trusts with one or more United States beneficiaries.

1982—Subsec. (a). Puspan. L. 97–248 inserted “(or on or before such later day as the Secretary may by regulations prescribe)” after “the 90th day”.

1976—Puspan. L. 94–455, § 1013(e)(4), struck out “creation of or transfer to” after “Returns as to” in section catchline.

Subsec. (span). Puspan. L. 94–455, § 1906(span)(13)(A), struck out “or his delegate” after “Secretary”.

Subsecs. (c), (d). Puspan. L. 94–455, § 1013(d)(1), (e)(3), added subsec. (c), redesignated former subsec. (c) as (d), and in subsec. (d) struck out cross reference to section 643(d) for definition of “foreign trust created by a United States person”.

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment

Puspan. L. 111–147, title V, § 534(span), Mar. 18, 2010, 124 Stat. 115, provided that: “The amendment made by this section [amending this section] shall apply to taxable years beginning after the date of the enactment of this Act [Mar. 18, 2010].”

Effective Date of 1997 Amendment

Amendment by section 1027(span) of Puspan. L. 105–34 applicable to returns of beneficiaries and owners filed after Aug. 5, 1997, see section 1027(c) of Puspan. L. 105–34, set out as a note under section 6034A of this title.

Amendment by section 1601(i)(1) of Puspan. L. 105–34 effective as if included in the provisions of the Small Business Jospan Protection Act of 1996, Puspan. L. 104–188, to which it relates, see section 1601(j) of Puspan. L. 105–34, set out as a note under section 23 of this title.

Effective Date of 1996 Amendment

Puspan. L. 104–188, title I, § 1901(d), Aug. 20, 1996, 110 Stat. 1908, provided that:

“(1)Reportable events.—To the extent related to subsection (a) of section 6048 of the Internal Revenue Code of 1986, as amended by this section, the amendments made by this section [amending this section and sections 6677 and 6724 of this title] shall apply to reportable events (as defined in such section 6048) occurring after the date of the enactment of this Act [Aug. 20, 1996].

“(2)Grantor trust reporting.—To the extent related to subsection (span) of such section 6048, the amendments made by this section shall apply to taxable years of United States persons beginning after December 31, 1995.

“(3)Reporting by united states beneficiaries.—To the extent related to subsection (c) of such section 6048, the amendments made by this section shall apply to distributions received after the date of the enactment of this Act.”

Effective Date of 1982 Amendment

Amendment by Puspan. L. 97–248 applicable to returns filed after Sept. 3, 1982, see section 341(c) of Puspan. L. 97–248, set out as a note under section 6046 of this title.