(1) Every fiduciary, except a receiver appointed by authority of law in possession of part only of the property of an individual, shall make under oath a return for any of the following individuals, estates, or trusts for which he acts, setting forth therein such information as may be prescribed by the department: (a) Every individual having an adjusted gross income for the taxable year which exceeds five thousand dollars ($5,000); (b) Every estate the gross income of which for the taxable year is twelve hundre d dollars ($1,200) or over; (c) Every trust the gross income of which for the taxable year is one hundred dollars ($100) or over. (2) Any fiduciary required to make a return under this chapter shall be subject to all the provisions of this chapter that apply to individuals.
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