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.
Negative Tax Consequences. The problem with putting an IRA into a trust is that a trust is not considered an âindividualâ and therefore conflicts with IRS rules regarding ownership of the IRA. If you transfer an IRA to a trust, the IRS considers this a taxable distribution, just as though you cashed out your IRA.egative Tax Consequences. The problem with putting an IRA into a trust is that a trust is not considered an âindividualâ and therefore conflicts with IRS rules regarding ownership of the IRA. If you transfer an IRA to a trust, the IRS considers this a taxable distribution, just as though you cashed out your IRA.