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https://www.irs.gov › individuals
CP288 tells you we accepted your election or treatment as a Qualified Subchapter S Trust QSST

https://www.irs.gov › pub › irs-wd
IS Section 1361 a 1 provides that the term S corporation means with respect to any taxable year a small business corporation for which an election under 1362 a is in effect for such

https://aaronhall.com › use-of-qssts-in-closely-held-s-corporation-planning
Qualified Subchapter S Trusts QSSTs enable closely held S corporations to maintain their tax status while allowing trust ownership They require a single income beneficiary who is a U S

https://darroweverett.com › business-succession...
Business succession planning and estate planning are often linked together particularly in the case of closely held family businesses

https://en.wikipedia.org › wiki › QSST_Election
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

https://www.palmcitylawyer.com › blog › making-sense...
QSSTs allow for professional management of the S corporation shares ensuring that the assets are handled wisely and in accordance with your estate plan By maintaining the S corporation

https://brownfirm.law › glossary › qualified-subchapter-s-trust-qsst
A Qualified Subchapter S Trust QSST is a specific type of trust that allows individuals to hold shares in a Subchapter S corporation while complying with the requirements set by the Internal

https://www.thetaxadviser.com › issues › dec › using-qssts
Net investment income tax of a QSST Individuals estates and certain trusts are subject to a net investment income tax which is an additional tax of 3 8

https://www.lawinsider.com › clause › qualified-subchapter-s-trust-election
A Qualified Subchapter S Trust QSST election clause allows a trust to be treated as a permissible shareholder of S corporation stock by making a specific election with the IRS