Title 26 — Internal Revenue CodeRelease 119-73
§6032 Returns of banks with respect to common trust funds
Title 26 › Subtitle Subtitle F— - Procedure and Administration › Chapter CHAPTER 61— - INFORMATION AND RETURNS › Subchapter Subchapter A— - Returns and Records › Part PART III— - INFORMATION RETURNS › Subpart Subpart A— - Information Concerning Persons Subject to Special Provisions › § 6032
Summary
Banks (per section 581) that maintain a common trust fund must file an annual return for the fund showing gross income and deductions under subtitle A, and listing each participant’s name, address, and share, signed like corporate returns under sections 6012 and 6062.
Full Legal Text
Title 26, §6032
Internal Revenue Code — Source: USLM XML via OLRC
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 section 6012 and 6062.
Reference
Citations & Metadata
Citation
26 U.S.C. § 6032
Title 26 — Internal Revenue Code
Last Updated
Apr 6, 2026
Release point: 119-73