In general, Form 8855, Election To Treat a Qualified Revocable Trust as Part of an Estate, must be filed by the due date for Form 1041 for the first tax year of the related estate. If the estate is granted an extension of time to file Form 1041 for its first tax year, the due date for Form 8855 is the extended due date.

Should the form 8855 be included with a timely filed 1041 or should it be filed seperately? Lane | Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986

As far as IRS is concerned, Form 8855 instructions on page 3 under “When To File” say to file the election by the due date of the Form 1041 and under “Where To File” say to send the election to the identified Service Center based on the taxpayer’s location.. So the short answer is, either way, is fine, but common practice is to send ...

The trustees of each qualified revocable trust (QRT) and the executor of the related estate, if any, use Form 8855 to make a section 645 election. This election allows a QRT to be treated and taxed (for income tax purposes) as part of its related estate during the election period. Once the election is made, it cannot be revoked.

In this situation, the issue of not filing Form 8855—used to elect to treat a qualified revocable trust (QRT) as part of the decedent’s estate for tax purposes—may not be as concerning if no income has been generated and no distributions have been made from the estate or trust since your father’s passing in 2011.Here’s what you might consider:1.

If we decide to file Form 8855 for the section 645 election, and adopt a fiscal year that would end on 4/30/15, how will Accountant's Assistant chat Customer: If we decide to file Form 8855 for the section 645 election, and adopt a fiscal year that would end on 4/30/15, how will the IRS know not to expect to hear from us till 8/15/15 if we don ...

The trustees of each qualified revocable trust (QRT) and the executor of the related estate, if any, use Form 8855 to make a section 645 election. This election allows a QRT to be treated and taxed (for income tax purposes) as part of its related estate during the election period.

The form required for making a Section 645 election, which allows a qualified revocable trust to be treated and taxed as part of an estate, is IRS Form 8855, "Election to Treat a Qualified Revocable Trust as Part of an Estate."

Should the form 8855 be included with a timely filed 1041 or should it be filed seperately? Lane Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986

2007年3月13日 · Form 8855 is used to make an election to treat a decedent's estate and a trust as one entity for income tax purposes for taxable activity incurred AFTER the decedents date of death. It cannot be used as a means to transfer capital loss carryovers to another taxable entity.