# 26 U.S.C. § 6032: Returns of banks with respect to common trust funds

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s6032>. Cite pinpoints as 26 U.S.C. § 6032(a)(1).

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.

## Regulations

- [Treas. Reg. § 1.6032-1](/26/reg/1.6032-1.md): Returns of banks with respect to common trust funds. (interprets § 6032)
- [Treas. Reg. § 301.6032-1](/26/reg/301.6032-1.md): Returns of banks with respect to common trust funds. (interprets § 6032)

## Forms named in the regulations

- [Form 1065](https://www.irs.gov/pub/irs-pdf/f1065.pdf)

## Final rules

- [85 FR 5323](https://www.federalregister.gov/documents/2020/01/30/2020-00467/return-due-date-and-extended-due-date-changes) (2020): Return Due Date and Extended Due Date Changes
- [82 FR 33441](https://www.federalregister.gov/documents/2017/07/20/2017-15209/return-due-date-and-extended-due-date-changes) (2017): Return Due Date and Extended Due Date Changes

## Connections

Cites: § 581 Definition of bank

Cited by: none

Derived from: 1939 § 169(f)

## Amendments

- 1954-08-16: [Act Aug. 16, 1954, ch. 736](/26/act/1954-ch736.md), 68A Stat. 741