large LLCs can treat audit adjustments in one of two ways: 1.
645, if both the executor (if any) of an estate and the trustee of a qualified revocable trust so elect, the "electing
" trust--a qualified revocable trust (QRT) that makes the Sec.
style single seat winner take all districts for electing
different legislative bodies.
TO RECEIVE IRA distributions over a fixed number of years means the ultimate beneficiaries can continue payments for the remaining fixed number of years the distribution option survives the taxpayer's death.
According to this argument, the framers of Article 11 and of the 12th Amendment (which set out the process for electing
a president) gave Congress a quasi-judicial checking function, ensuring that electoral ballots are valid.
Indirect ownership, such as a beneficiary of an electing
small business trust (ESBT) or qualified subchapter S trust (QSST), will also be included in the one-family-member count.
Constitution created a two-step process for electing
the leaders of which branch of government?
To make an election out, a taxpayer must attach a statement to his or her gift tax return identifying the trust and stating that he or she is electing
out of the automatic allocation of GST exemption with respect to the described transfer(s) (the election-out statement).
Why do we have a way of electing
Presidents that many people say is unfair?
The proposed regulations had permitted only two options for electing
out of the automatic allocation rules--transferors could elect out as to a current transfer only, or as to a current-year transfer and all future transfers to the same trust.
If the transferor is electing
out under #1 or #2 above, the statement must specifically provide that the transferor is electing
, pursuant to Sec.
The changes are designed to ease electing
out of the automatic allocation of GST exemption and simplify tracking a donor's unused GST exemption.