Rev. Rul. 56-657

On the basis of the facts and conditions set forth in Revenue Ruling 55-204, C.B. 1955-1, 300, each employer claiming deductions for contributions to an employees' trust or annuity plan, under section 404 of the Internal Revenue Code of 1954, may limit the information to be furnished under section 1.404(a)-2 of the Income Tax Regulations as prescribed in the Revenue Ruling. Where the facts and conditions for limiting such information are satisfied, the requirements of subparagraph (9) of section 1.404(a)-2(a) of the Regulations will be met if the statement, required to be filed with the income tax return, shows the total contribution made during the identified taxable year of the employer, provided, as set forth in Revenue Ruling 55-204, supra , the plan trustee or an authorized association of the employers furnishes the required data for the entire group of participating employers. This Revenue Ruling will not have the effect of precluding a District Director of Internal Revenue from requiring such additional information as is considered necessary to determine allowable deductions under section 404 of the Code or qualification under section 401(a) of the Code; nor will this Revenue Ruling be deemed to waive the requirement of section 1.404(a)-2(f) of the Regulations concerning records to be kept by each employer. Revenue Ruling 55-204, supra , is hereby modified.