Page:United States Statutes at Large Volume 111 Part 1.djvu/949

 PUBLIC LAW 105-34—AUG. 5, 1997 111 STAT. 925 (or both) of a payee) certified to the Financial Management Service for disbursement, and "(ii) any other payment which is certified to the Financial Management Service for disbursement and which the Secretary designates by published notice.". (b) CONFORMING AMENDMENTS.— (1) Section 6103(p) is amended— (A) in paragraph (3)(A), by striking "(2), or (6)" and inserting "(2), (6), or (8)", and (B) in paragraph (4), by inserting "(k)(8)," after "(j) (1) or (2)," each place it appears. (2) Section 552a(a)(8)(B) of title 5, United States Code, is amended by striking "or" at the end of clause (v), by adding "or" at the end of clause (vi), and by adding at the end the following new clause: "(vii) matches performed incident to a levy described in section 6103(k)(8) of the Internal Revenue Code of 1986;". (c) EFFECTIVE DATE. —The amendments made by this section 26 USC 6103 shall apply to levies issued after the date of the enactment of note. this Act. SEC. 1027. RETURNS OF BENEFICIARIES OF ESTATES AND TRUSTS REQUIRED TO FILE RETURNS CONSISTENT WITH ESTATE OR TRUST RETURN OR TO NOTIFY SECRETARY OF INCONSISTENCY. (a) DOMESTIC ESTATES AND TRUSTS.— Section 6034A (relating to information to beneficiaries of estates and trusts) is amended by adding at the end the following new subsection: " (c) BENEFICIARY'S RETURN MUST BE CONSISTENT WITH ESTATE OR TRUST RETURN OR SECRETARY NOTIFIED OF INCONSISTENCY. — "(1) IN GENERAL. — A beneficiary of any estate or trust to which subsection (a) applies shall, on such beneficiary's return, treat any reported item in a manner which is consistent with the treatment of such item on the applicable entity's return. " (2) NOTIFICATION OF INCONSISTENT TREATMENT. — "(A) IN GENERAL.—In the case of any reported item, if— "(i)(I) the applicable entity has filed a return but the beneficiary's treatment on such beneficiary's return is (or may be) inconsistent with the treatment of the item on the applicable entity's return, or "(II) the applicable entity has not filed a return, and "(ii) the beneficiary files with the Secretary a statement identifying the inconsistency, paragraph (1) shall not apply to such item. "(B) BENEFICIARY RECEIVING INCORRECT INFORMA- TION.— A beneficiary shall be treated as having complied with clause (ii) of subparagraph (A) with respect to a reported item if the beneficiary— "(i) demonstrates to the satisfaction of the Secretary that the treatment of the reported item on the beneficiary's return is consistent with the treatment of the item on the statement furnished under subsection (a) to the beneficiary by the applicable entity, and

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