ID Form 8855 2020-2025

ID Form 8855: What You Should Know

The trustees of a qualifying revocable trust must  What You Need to Know About IRS Form 8855 — Canopy May 23, 2025 — Form 8855 is filed to make a section 645 election, which is an election to treat a qualified revocable trust (ART) as an estate. There are many trusts Form 8855 (Rev. December 2020) — IRS The trustees of a qualifying revocable trust must file Form 8855 at the close of each calendar year and pay its federal income tax withholding tax (or any tax withholding tax not specifically stated by law); for a trust to be includible in the gross income of a participant the trust must meet the trustee of a qualified revocable trust (ART), the qualified beneficiary (also referred to as the beneficiary); and the original (or “qualified revocable”) settler of the trust are required to file Form 8855 to make a section 645 election to treat the trust as an estate for federal income tax purposes. The Form 8855 must be filed by each trustee unless the rules set forth in 26 U.S.C. § 1.655 permit a trustee to receive the form electronically. The trustee will receive the form electronically no later than 45 days after the start of the trust's taxable year (that being, the date the trust begins functioning). The Form 8855 must be filed by each eligible trust within one business day of the earliest of the date the trust begins functioning or the deadline for filing and processing the trust's returns. Art. I, § 6, cl. 9 The trustee of an estate must provide to any executor of the estate, or to any other person entitled by the laws of this state to receive the return of the estate tax return for such estate, the same information the trustee gave to the executor before the appointment of another trustee with a claim to the same estate. If the executor of the estate has not filed such return, the trustee of the estate shall file the return with the county recorders' office in the county where the executor resides. Art. I, § 6, CLS.

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