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Interstate Trust  Form

Interstate Trust Form

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Video instructions and help with filling out and completing Interstate Trust Form

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Instructions and help about state trust application

all right in this video i wanted to cover entity classification elections and whether you can elect to be treated as a trust or perhaps go the other way if you set up a trust arrangement can you elect to be taxed as an entity um so let's get into the rules some of the 88 32 basics and then we'll see where we land here so under federal tax rules um an eligible entity is a type of entity that can file an election to be taxed differently than its default treatment right so eligible entities include certain foreign domestic entities and you can file this 8832 to change your tax stream and so very simple example here we have an llc that's formed as a delaware entity it's got three owners so under the default rules this is a llc tax is a partnership for federal tax purposes that's the default treatment the llc can file an election to switch its tax classification to a c corp right if it files in 88 32 if the election is approved the llc is now taxed as

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