645 election, the QRT elects to be included in the lax return for the decedent's estate and receives at least (or a few years lite tax benefits afforded estates.
If there is more than one QRT then those QRTs wishing to participate in the election must also join in signing the election.
If more than one QRT wants to join in making the election, then it may do so by signing the Form 8855 in Part III.
Once the election has been made, and if there is an estate and more than one QRT die separate share rifles under See.
676 solely by reason of a power held by a nonadverse party was not a QRT.
If an executor is appointed for the decedent's estate, the executor and trustee of the QRT jointly make the Sec.
Under the final regulations, in addition to all other grantor trusts, the trustee of an electing trust or a QRT for which a Sec.
645 election will be made for a QRT, the trustee is not required to file Form 1041 for the short taxable year of the QRT beginning with the decedent's death and ending Dec.
The proposed regulations required that a QRT be a domestic trust and that the election result in a domestic estate.
If the related estate has an executor, that person and the trustee of each QRT must join in filing a properly completed election form.
645-1(c)(2) requires the trustee of each QRT joining in the election to file a properly completed election form.
Normally the QRTs
are staffed with three to six men picked from the Delhi Police and different paramilitary forces depending on their availability.