Guam § 50007 - Tax Reporting.
Full text of Guam Guam Code Annotated § 50007 — Tax Reporting., with citation guidance and answers to common questions.
§ 50007. Tax Reporting.
The program manager of the Guam College Savings Program
shall file a report annually with the Department of Revenue and
Taxation, setting forth the names and identification numbers of
account owners, designated beneficiaries, and distributees of college
accounts, the amounts contributed to the accounts, the amounts
distributed from the accounts, whether the distributions were
qualified withdrawals or nonqualified withdrawals, and any other
information that the Commissioner may require regarding the
taxation of amounts contributed to or withdrawn from the accounts.
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Frequently Asked Questions About Guam § 50007
What does Guam Code Annotated § 50007 cover?
Section 50007 ("Tax Reporting.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 50007?
A common citation format is "Guam Code Annotated § 50007" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 50007 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.