Page:United States Statutes at Large Volume 98 Part 1.djvu/1013

 PUBLIC LAW 98-369—JULY 18, 1984 (D) Subsection (f) of section 6231 is amended by striking out "such deduction or credit" and inserting in lieu thereof "such loss or credit". (E) The table of sections for subpart C of chapter 63 is amended by adding at the end thereof the following new ^'•'^'^

item:

98 STAT. 965 26 USC 6231. ^

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"Sec. 6233. Extension to entities filing partnership returns, etc."

(F) Paragraph (3) of section 6501(q) is amended to read as follows:

26 USC 6501.

"(3) CROSS REFERENCE.— "For extension of period for windfall profit tax items of partnerships, see section 6229 as made applicable by section 6232."

(G) Paragraph (3) of section 6511(h) is amended to read as follows: "(3) CROSS REFERENCE.—

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26 USC 6511. < ^ ^ >^ ^ ^^ " =

"For period of limitation for windfall proflt tax items of partnerships, see section 6227(a) and subsections (c) and (d) of section 6230 as made applicable by section 6232."

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(H) Subsection (h) of section 7422 is amended by striking 26 USC 7422. out "section 6131(a)(3)" and inserting in lieu thereof "section 6231(a)(3)". (I) Subparagraph (B) of section 6231(b)(2) (relating to 26 USC 6231. items cease to be partnership items in certain cases) is amended by striking out "section 6227(b)" and inserting in - lieu thereof "section 6227(c)". (q) ESTATES AND TRUSTS AND S CORPORATIONS REQUIRED TO PROVIDE INFORMATION TO CERTAIN BENEFICIARIES AND SHAREHOLDERS.— (1) ESTATES AND TRUSTS.—Subpart A of part III of subchapter

A of chapter 61 (relating to information concerning persons subject to special provisions) is amended by adding after section 6034 the following new section: "SEC. 6034A. INFORMATION TO BENEFICIARIES OF ESTATES AND TRUSTS.

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26 USC 6034A.

"The fiduciary of any estate or trust making the return required to be filed under section 6012(a) for any taxable year shall, on or before the date on which such return was filed, furnish to each beneficiary— "(1) who receives a distribution from such estate or trust with respect to such taxable year, or "(2) to whom any item with respect to such taxable year is allocated, a statement containing such information shown on such return as the Secretary may prescribe." (2) S CORPORATIONS.—Section 6037 (relating to return of S 26 USC 6037. corporation) is amended— (A) by striking out "Every" and inserting in lieu thereof "(a) In General.—Every", and subsection: "(b) COPIES TO SHAREHOLDERS.—Each S corporation required to file a return under subsection (a) for any taxable year shall (on or before the day on which the return for such taxable year was filed) furnish to each person who is a shareholder at any time during such taxable year a copy of such information shown on such return as may be required by regulations."
 * ' ^' ''(B) by adding at the end thereof the following new

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