Source: http://taxtv.com/code/00484-USCODE-2011-title26-subtitleA-chap1-subchapJ-partI-subpartA-sec645/
Timestamp: 2017-03-27 20:28:31
Document Index: 355501789

Matched Legal Cases: ['§645', '§645', '§645', '§1305', '§646', '§645', '§6013', '§645']

IRC §645. Certain revocable trusts treated as part of estate - TaxTV.com
IRC §645. Certain revocable trusts treated as part of estate
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For purposes of this subtitle, if both the executor (if any) of an estate and the trustee of a qualified revocable trust elect the treatment provided in this section, such trust shall be treated and taxed as part of such estate (and not as a separate trust) for all taxable years of the estate ending after the date of the decedent’s death and before the applicable date.
(1) Qualified revocable trust
(2) Applicable date
The term “applicable date” means—
(A) if no return of tax imposed by chapter 11 is required to be filed, the date which is 2 years after the date of the decedent’s death, and
(B) if such a return is required to be filed, the date which is 6 months after the date of the final determination of the liability for tax imposed by chapter 11.
The election under subsection (a) shall be made not later than the time prescribed for filing the return of tax imposed by this chapter for the first taxable year of the estate (determined with regard to extensions) and, once made, shall be irrevocable.
(Added Pub. L. 105–34, title XIII, §1305(a), Aug. 5, 1997, 111 Stat. 1040, §646; renumbered §645, Pub. L. 105–206, title VI, §6013(a)(1), July 22, 1998, 112 Stat. 819.)
1998—Pub. L. 105–206 renumbered section 646 of this title as this section.
Section 1305(d) of Pub. L. 105–34 provided that: “The amendments made by this section [enacting this section and amending section 2652 of this title] shall apply with respect to estates of decedents dying after the date of the enactment of this Act [Aug. 5, 1997].”
View related content: IRC §645