Federal Estates Tax Closing Letters

• Wednesday, May 11, 2016
• Category: Wills, Trusts and Estate Litigation

As a follow up to its announcement that, for all estate tax tax returns filed on or after June 1, 2015 estates tax closing letters would not be automatically issued to the taxpayer and would be issued only upon the taxpayer’s request, the IRS indicated in December, 2015 that taxpayer’s account transcript may be an acceptable substitute for the estate tax closing letter. The transcript must “reflect transactions including the acceptance of Form 706 and the completion of an examination.” The transcript can be obtained either online through IRS’s Transcripts Delivery Service or by fax or mail by filling Form 4506-T.

Reference: Margery J. Schneider, Esquire, Probate and Trust Law Section Newsletter, Philadelphia Bar Association, February 2016, No. 141

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