Common use of IRS 685 Election Clause in Contracts

IRS 685 Election. The Trustee may elect to treat the trust as a “qualified funeral trust” pursuant to Section 685 of the Internal Revenue Code and file an annual Form 1047-QFT covering all the Trust Funds.

IRS 685 Election. The Trustee may elect to treat the trust as a “qualified funeral trust” pursuant to Section 685 of the Internal Revenue Code and file an annual Form 1047-QFT WFT covering all the Trust Funds.

IRS 685 Election. The Trustee may elect to treat the trust as a “qualified funeral trust” pursuant to Section 685 of the Internal Revenue Code and file an annual Form 10471041-QFT covering all of the Trust Funds.