§644 — Taxable year of trusts
5 cases·5 cited
Statute Text — 26 U.S.C. §644
For purposes of this subtitle, the taxable year of any trust shall be the calendar year.
Subsection (a) shall not apply to a trust exempt from taxation under section 501(a) or to a trust described in section 4947(a)(1).
5 Citing Cases
) b Estates and trusts - From Form 1041, enter tax from line ) 26a, plus any section 644 tax on trusts .
) b Estates and trusts - From Form 1041, enter tax from line ) 26a, plus any section 644 tax on trusts .
123. This legislation amended sections 402(c)(3) and 408(d)(3) to grant the Secretary authority to waive the 60-day requirement for rollovers where failure to do so would be against equity or good conscience. The conference report cited by petitioners lists various circumstances that Congress anticipated might qualify for such a