A large amount of natural gas and oil sits beneath the oceans, and as we surpass peak oil, their skills and new technologies are essential. Oil and gas extraction employs some 22% of marine geologists. Some 17% of Earth scientists work in engineering services. For marine geology, this will often be in the siting and design of offshore oil and gas rigs.
Would I request the 645 election? How do I know if it is a qualified revocable trust? If you become successor trustee prior to the death of the grantor (due to incapacitation or disability), then you will not need to obtain an EIN (employer identification number) for the revocable living trust.
Apply for an EIN early, before you anticipate needing the number, so you have time to receive the number before it is necessary to conduct trust business. Use the trust's EIN to open all necessary accounts for the trust. For example, you may want to open a bank account or brokerage account for the trust. When opening a trust account, the bank will ask for the trust's EIN. Include the EIN on the trustâs federal tax return.