Internal Revenue Service
Revenue Ruling

TaxLinks.com   sm

 Rev. Rul. 64-58

1964-1 C.B. 482

Sec. 6049

Sec. 6109

Full Text

Rev. Rul. 64-58

A bank has continued to carry a savings account in the name of a decedent and has honored withdrawals from the account by another person. The account is not recognized as a valid trust under state law. Held , the person to whom the account is payable should furnish his name, address, and identifying number to the bank and, if he is not the real owner of the account, should file Form 1087, Nominee's Information Return, showing the information required on that form.