INCOME TAX

Rev. Rul. 2004–5, page 295. Charitable deductions. This ruling concludes that a trust is not prohibited from taking a charitable deduction under section 642(c) of the Code for the trust’s distributive share of a charitable contribution made by a partnership from the partnership’s gross income even though the trust’s governing instrument does not authorize the trustee to make charitable contributions.

T.D. 9100, page 297. REG–116664–01, page 319. Final, temporary, and proposed regulations under section 6011 of the Code are designed to eliminate regulatory impediments to the electronic filing of certain income tax returns and other forms.

T.D. 9103, page 306. Final regulations under section 6045 of the Code provide that brokers must file information returns and furnish information statements to individuals who receive substitute payments in lieu of dividends on or after January 1, 2003.