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.
Applying for a trust EIN number doesnât change the trust structure. If the trust is a revocable trust upon receipt of the EIN, it will remain a revocable trust until the grantor dies. Although a tax ID is not required, a grantor may find it easier to separate the trust assets and activities from his own tax reporting.hen a grantor -- the creator of a trust -- is alive, he pays taxes on any taxable trust activities, but when he dies, beneficiaries pay tax on the trust distributions.