CP288 tells you we accepted your election or treatment as a Qualified Subchapter S Trust (QSST).

Qualified subchapter S trust Qualified subchapter S trust - (1) Definition. A qualified subchapter S trust (QSST) is a trust (whether intervivos or testamentary), other than a foreign trust described in section …

Jan 4, 2025 · A Qualified Subchapter S Trust (QSST) is a specialized trust allowing an individual beneficiary to receive S Corporation income, ensuring tax efficiency and compliance.

Qualified Subchapter S Trust (QSST) Overview A Qualified Subchapter S Trust (QSST) is a specialized trust designed to hold S corporation stock while maintaining the corporation's S election status. This …

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 …

Sep 25, 2023 · Qualified subchapter S trusts (QSST) are frequently used as an estate planning tool. These trusts allow holders of subchapter S stock to transfer ownership to a single beneficiary. This is …

IRC 1361(d)(2) permits the income beneficiary of certain qualifying trusts to elect to treat the trust as a qualified subchapter S trust (QSST). A QSST is a permitted S corporation shareholder. If the QSST …

Why S-Corporation Owners Need Specific Trusts As an owner of an S-corporation, you need to have a certain type of trust to hold your corporation’s stocks legally. The reason is that only specific trusts …

Jan 8, 2025 · The scope of this article is limited to those certain trusts which can hold S corporation stock, and specifically, how to file late elections to have such trusts qualify as a trust eligible to hold S …

Jan 24, 2026 · Understand how a Qualified Subchapter S Trust (QSST) allows S corporation stock to be held in a trust while maintaining tax status. Learn the key requirements and setup process.