If a large LLC elects
to pay the imputed tax, the LLC, not the members, is subject to the interest thereon, as well as any penalties.
New Jersey voters will elect
House members and which other official[s] shown on the map?
Non-key employees who want health insurance would have to elect
it through the cafeteria plan.
2632(c)(5)(A)(ii) allows a taxpayer to elect
to treat a transfer to a trust that otherwise would not be an indirect skip, as an indirect skip and to apply the automatic allocation rules for indirect skips.
Illinois' state legislature has used such a system, and that state's experience shows it's a better way to foster competitive elections, elect more moderates, reduce balkanization, and provide minority representation.
If the IRA owner is permitted to elect
either the term-certain or life-expectancy recalculation methods and fails to do so, the recalculation method is the default option unless the IRA agreement provides otherwise.
The IRS also noted that, under the final regulations, the transferor may elect
out on future transfers even if no current-year transfer is made and the transferor is not otherwise required to file a Federal gift tax return.
A taxpayer that previously filed an application for a tentative carryback adjustment, whether or not acted upon by the IRS, or an amended return using a two-year carryback period for an NOL incurred in a tax year ending in 2001 or 2002, did not elect
to waive the five-year carryback period, and now wants to use the five-year carryback, may do so by following the procedures described below by Oct.
Treatment as GST trust: If the transferor wants to elect
to treat a trust as a GST trust (#3 above), Prop.
They officially elect
the President and Vice President.
When a husband and wife elect
gift-splitting for gift tax purposes, each spouse is also treated as the transferor of one-half of the gift for GST purposes, under Sec.
6013 allows a husband and wife to elect
to file a joint return.