A Guide to Allocation of Generation Skipping Tax (GST ...

Simplified Method for Relief: Rev. Proc. 2004-46 provides an alternative to the PLR process to obtain an extension of time to timely allocate the GST tax exemption for taxpayers meets the following requirements: 1. on or before December 31, 2000, the taxpayer made or was deemed to have made a transfer by gift to a trust from which a GST may be made; 2. no taxable distributions have been made ... ................
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