The IRS has allowed an individual an extension to elect out of automatic allocation of the generation-skipping transfer tax under section 2632(c)(5) for transfers to various trusts.
See Tax Analysts: "Extension Granted to Elect Out of Automatic Allocation of GSTT," 2009 TNT 180-47, May 26, 2009
Posted by Raj Chudgar, Associate Editor, Wealth Strategies Journal

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