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A qualified opinion is one of four possible auditor’s opinions on a company’s financial statements. QPRT allows you to remove your home from your estate to reduce gift taxes. The Qualified Survivor Annuity (QPSA) provides a cash distribution to the surviving spouse of a deceased employee. A Qualified Professional Asset Manager (QPAM) is a registered investment advisor who assists institutions in making investments. Qualified reservists, when called into service, can then make tax-free withdrawals from certain retirement accounts. A qualified retirement plan is IRS compliant and offers certain tax benefits. A Qualified Interest Terminated Property Trust (QTIP) allows a person called the settlor to leave assets to the surviving spouse and determine how the assets of the trust will be divided upon the death of the surviving spouse. A qualified trust is a stock bonus, pension or profit sharing plan set up by an employer for its employees. Qualified widow or widower status is a tax filing status that allows the surviving spouse to use marital tax rates jointly on their tax return. A qualifying annuity is an annuity approved by the IRS for use in an IRA or a qualified retirement plan, similar to other types of annuities.