§4947. Application of taxes to certain nonexempt trusts — Inbound Citations
26 U.S.C. § 4947
Cited by 11 provisions in release 119-102.
Citations to 26 U.S.C. § 4947 as a whole
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(A) to a private foundation or a trust described in section 4947 in a taxable year for which it fails to meet the requirements of subsection (e) (determined without regard to subsection (e)(2)), or
Citations to §4947(a)(1)
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(b) 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).
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(ii) is described in section 4947(a)(1).
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(F) If (by reason of the death of any individual, or by termination or distribution of a trust in accordance with the terms of the trust instrument) by the due date for filing the estate tax return (including any extension thereof) a reformable interest is in a wholly charitable trust or passes directly to a person or for a use described in subsection (a), a deduction shall be allowed for such reformable interest as if it had met the requirements of paragraph (2) on the date of the decedent’s death. For purposes of the preceding sentence, the term “wholly charitable trust” means a charitable trust which, upon the allowance of a deduction, would be described in section 4947(a)(1).
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(B) any trust described in section 4947(a)(1) (relating to charitable trusts), and
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(1) A trust described in section 4947(a)(1) (relating to nonexempt charitable trusts).
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(B) the trust is described in section 4947(a)(1).
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(ii) is described in section 4947(a)(1).
Citations to §4947(a)(2)
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(1) In computing the holdings of a private foundation, or a disqualified person (as defined in section 4946) with respect thereto, in any business enterprise, any stock or other interest owned, directly or indirectly, by or for a corporation, partnership, estate, or trust shall be considered as being owned proportionately by or for its shareholders, partners, or beneficiaries. The preceding sentence shall not apply with respect to an income or remainder interest of a private foundation in a trust described in section 4947(a)(2), but only if, in the case of property transferred in trust after May 26, 1969, such foundation holds only an income interest or only a remainder interest in such trust.
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(C) any trust described in section 4947(a)(2) (relating to split-interest trusts).
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(a) Every trust described in section 4947(a)(2) shall furnish such information with respect to the taxable year as the Secretary may by forms or regulations require.