Estate Protective Claim Guidance Adds Benefits, Conditions for Filing

For over 50 years, Bloomberg BNA’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

Practitioners tell BNA that recently issued IRS estate protective claim guidance has helped to clarify how claims are to be filed when the claims are not known at the time estate taxes are filed. In addition, IRS has offered a benefit—administrative restraint—in pursuing issues other than the one immediately being examined, as long as taxpayers follow all the rules of the revenue procedure.