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Part III - Internal Revenue Service Part III Administrative, Procedural, and Miscellaneous 26 CFR 601 105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability (Also Part I, § 1361; 1 1361-1 ) Rev Proc 98-23 SECTION 1 PURPOSE This revenue procedure provides guidance on (1) the conversion of a qualified subchapter S trust (QSST) to an electing small business trust (ESBT
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QSST election - Wikipedia In United States federal income tax law, a qualified Subchapter S trust is one of several types of trusts that may retain ownership as the shareholder of an S corporation The beneficiary of such a trust makes a QSST election for each S corporation in which the trust holds stock A trust is eligible to hold S corporation stock if it is a Subpart E trust ("grantor trust"), a testamentary trust
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SAI QSST-X - Secret Projects Forum Supersonic Aerospace International (SAI) has resurrected the quiet supersonic transport (QSST) after a three-year hiatus and relaunched the concept as much larger, Boeing 737-sized aircraft to operate as an all-first-class airliner SAI boss Michael Paulsen, the son of Gulfstream founder Allen Paulsen, is again seeking an international consortium of investors to finance a two-year, $400
Qualified subchapter S trusts. (Estates Trusts) Qualified subchapter S trusts (Estates Trusts) by Diers, Dan A Abstract- Qualified Subchapter S trusts (QSSTs) can provide tax payers with substantial income tax and estate tax savings QSSTs are different than other other S corporation trusts in that the beneficiary is usually someone other than the grantor of their estate Grantors shareholders can use the QSST to make a gift of all or