The IRS has issued a private letter ruling on I.R.C. §2056 and Treas. Reg. §301.9100 granting an estate a 120-day extension to make a qualified terminable interest property (QTIP) election for a marital trust that was incorrectly omitted from the original Form 706. [PLR 202614010]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
