corm 50 Notice Concerning Fiduciary Relationship | to. 1545-0013

(Rev. October 1981) .
Department of the Treasury (Internal Revenue Code section 6903) Expires 08/31/84

Internal Revenue Service
identification

Name of person for whom you are acting (as will be shown on the tax return) Identifying number

‘Address of person for whom you are acting (number and street, including apartment num- | Check applicable box:

ber, or rural route) (J Initial notice
C Termination notice
City, town or post office, State, and ZIP code ( Transfer for security purposes of in-
terest in “Illinois type”’ land trust
if you are acting for a decedent, show date of death Decedent's social security number

Fiduciary’s name

Fiduciary's address (number and street, including apartment number, or rural route)

City, town or post office, State, and ZIP code

TGA Authority

Description of fiduciary authority (check applicable boxes):
Certified copy of will attached

oO
[J Certified copy of court order appointing the fiduciary attached
[J Certified copy of trust instrument attached

EJ Specimen form of “Illinois type” land trust agreement attached
Oo

Oo

O

Specimen form of “Illinois type” land trust agreement filed previously with Internal Revenue Service (specify location and

date) >
Other (describe) >

iduciary capacity (describe) »

GET Tax Notices

Send me all tax notices for each item checked below concerning the person for whom | am acting (check applicable boxes):
[J] Income tax for period(s) > __

(C Gift tax for period(s) >

(L] Estate tax

(2) Other taxes (specify type of tax and tax period(s)) >

( Tax liability of person for whom | am acting

(CJ Transferee tax liability of person for whom | am acting

(Gi Fiduciary tax liability of person for whom | am acting under section 3467 of the Revised Statutes as amended (31 U.S.C. 192)
concerning payment of tax from a decedent's estate.

“Illinois type” land trust

“Illinois type” land trust beneficiary’s name Identifying number

Beneficiary's address (number and street, including apartment number, or rural route) Percentage (or fraction) of ‘‘Illinois type”
land trust owned by beneficiary

City, town or post office, State, and ZIP code

Location of land and description of improvements on land owned by “Illinois type” land | Amount beneficiary (check applicable
trust box) » [] Paid OR [] Received for

beneficiary's interest in “Illinois type”
land trust > $

Ihave examined this notice and to the best of my knowledge it is correct.
Sign
here

Date

Fiduciary’s signature

For Paperwork Reduction Act and Privacy Act Notices, see back page. 25-0649630 Form 56 (Rev. 10-81)


Instructions

Paperwork Reduction Act Notice.—The Paperwork Re-
duction Act of 1980 says we must tell you why we are
collecting this information, how we will use it, and
whether you have to give it to us. We ask for the infor-
mation to carry out the Internal Revenue laws of the
United States. We need it to ensure that you are com-
plying with these laws and to allow us to figure and col-
lect the right amount of tax. You are required to give us
this information.

Privacy Act Notice.—Section 6903 of the Internal Reve-
nue Code and 26 CFR 301.6903—1 say that anyone who
wants to receive notices of tax liability for someone else
must file a written notice. Form 56 is available as a con-
venience and its use is therefore not mandatory. The
principal purpose of the notice is to inform IRS that you
are a fiduciary. Other routine uses may include com-
puter programs. If you do not notify IRS, notices of tax
liability sent to the last known address of the taxpayer,
transferee, or other person subject to liability are con-
sidered sufficient compliance with the requirements of
the Internal Revenue Code.

Under Code section 6109, the taxpayer's identifying
number must be disclosed. The principal purpose is to
properly identify the person for whom you are acting.
Other routine uses may include computer programs. If
the identification number is not disclosed, IRS may sus-
pend processing the notice concerning fiduciary rela-
tionship until the notice is provided.

General Instructions

As a fiduciary, you can use Form 56 to notify IRS of a
fiduciary relationship. This enables IRS to mail you any
tax notices you designate that concern the person for
whom you are acting. Form 56 is for your convenience.
Its use is voluntary, and you can file a notice of fiduciary
relationship without using the form.

When to File.—File Form 56 as soon as you have all the
necessary information to complete the form.

Where to File.—File Form 56 with IRS where returns are
filed for the person for whom you are acting. For an
“Illinois type’’ land trust, file with IRS for the location
where you are acting.

Specific Intructions

Part 1.—Identification. Provide all the information
called for in this part.

If you are acting for an individual, the identifying
number is the social security number. If you are acting
for other than an individual, including an estate or
trust, the identifying number is the employer identifica-
tion number.

Be sure to check the applicable box to show whether
this is an initial notice, a termination notice, or a trans-
fer of interest in an ‘‘Illinois type’’ land trust.

Part Il.—Authority. Check the appropriate boxes that
describe the fiduciary authority. Also be sure to supply
the information called for if you check boxes for a pre-
viously filed specimen form of an “‘Illinois type’ land
trust agreement or evidence of termination of fiduciary
capacity.

To be relieved of any further duty or liability, you must
inform IRS when the fiduciary capacity has ended. If you
are using Form 56 as a termination notice, please de-
scribe in the space provided the evidence attached con-
cerning the termination of the fiduciary capacity.

Part Ill—Tax Notices. At your request IRS will send you
tax notices regarding the person for whom you are
acting. Check the applicable boxes to indicate the items
about which you want to be notified.

Part IV.—“‘Iilinois type” land trust. If this is an “Illinois
type” land trust, please supply the information called
for on the form.

Only a few States permit ‘Illinois type’ land trusts.
An “Illinois type” land trust is a trust in which the fiduci-
ary holds title subject to the obligation to make convey-
ances as the beneficiary directs. The beneficiary holds
all rights to the possessions, management, and income
of the trust property. The interest of the beneficiary may
convert to personal property, and the trust may be re-
corded by number only. If the trust is known only by a
number, enter the number in the space for the name of
the trust.

You may use Form 56 for each original beneficiary
and each later one. You may also use it for each assign-
ment or transfer of a beneficial interest for security
purposes.

Signature.—Sign Form 56 and enter a title describing
your role as a fiduciary (for example: guardian; trustee;
personal representative; receiver; or conservator).

25-0649630

wy U.S. GOVERNMENT PRINTING OFFICE. 1983— 659-067/2511