When a fiduciary relationship is created or terminated, file Form 56 with the specific Internal Revenue Service center where the person is required to file his tax returns, according to the IRS. Receivers in a receivership proceeding or similar fiduciaries or assignees for the benefit of creditors must file the form on or within 10 days of the date of appointment with the advisory group manager of that area office of the IRS.
Form 56 must be filed to notify the IRS of the creation or termination of a fiduciary relationship under section 6903, and the taxpayer must provide the qualification for the fiduciary relationship under section 6036, states the IRS. For example, if someone is acting as fiduciary for an individual or a decedent’s estate or a trust, he may file this form. Bankruptcy trustees, debtors-in-possession or similar fiduciaries in bankruptcy proceedings are not required to give notice of qualification under section 6036. For these relationships, these individuals are subject to the notice requirements under title 11 of the U.S. Code.
Do not use this form to update the last known address of the person for whom the receiver is acting, reports the IRS. Instead, use the change of address form, Form 8822, for updating the last known address.