The IRS is requested comments on proposed regs on opting out of GST deemed allocations. The abstract reads as follows:

This information is required by the IRS for taxpayers who elect to have the automatic allocation rules not apply to the current transfer and/or to future transfers to the trust or to terminate such election. This information is also required by the IRS for taxpayers who elect to treat trusts described in section 2632(c)(3)(B)(i) through (vi) as GST trusts or to terminate such election. This information will be used to identify the trusts to which the election or termination of election will apply.

See notice in Federal Register: Federal Register :: Proposed Extension of Information Collection Request Submitted for Public Comment; Election Out of GST Deemed Allocations

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.