I'm applying for an EIN for an irrevocable special needs trust. I assume I do not select the 645 election since it only speaks of working with a revocable trust. Right?
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I'm applying for an EIN for an irrevocable special needs trust. I assume I do not select the 645 election since it only speaks of working with a revocable trust. Right?
posted
November 23, 20217:10 PM
last updated
November 23, 20217:10 PM
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I'm applying for an EIN for an irrevocable special needs trust. I assume I do not select the 645 election since it only speaks of working with a revocable trust. Right?
No, you do not make a Section 645 election in this instance.
A Section 645 election is made to have a qualified trust be treated as part of a related estate. Clearly that does not apply to your scenario.