New IRS Procedure for Estate Tax Closing Letters

July 1, 2015Articles Estate Planning Blog

The IRS has established a new procedure for issuing estate tax closing letters. For all federal estate tax returns filed on or after June 1, 2015, estate tax closing letters will be issued only upon request by the taxpayer. They will not automatically be sent out as in the past. The IRS advised that the taxpayer should wait at least four months after filing the return to make the request. Apparently, this is a cost-cutting measure due to a reduction in the IRS budget. There may be more to come. For estate tax returns filed after January 1, 2015, and before June 1, 2015, the procedure is set forth below.