IRS Issues Private Letter Ruling Granting Extension for Portability Election Filing

The IRS issued a private letter ruling on I.R.C. §2010 and Treas. Reg. §301.9100 granting a 120-day extension to file Form 706 for portability election purposes where the estate was not required to file an estate tax return under §6018(a) based on the value of the gross estate and any taxable gifts. [PLR 202610006]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.