Private Letter Rulings Archives

The Importance of a Properly Prepared Form 709 Gift Tax Return

Dec 27, 2022

In a prior article, I wrote about the importance of properly prepared Form 706 Estate Tax Return, discussing a Private Letter Ruling (“PLR”) that highlighted some common mistakes made on the Form 706.[1] In that article, I discussed issues related to the marital deduction and the allocation of a decedent’s unused Generation Skipping Transfer Tax…
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The Importance of a Properly Prepared Form 706 Estate Tax Return

Nov 3, 2022

A recent Private Letter Ruling (“PLR”) issued by the IRS highlighted the importance of a properly prepared Form 706 Estate (and Generation Skipping Transfer) Tax Return (“706”).[1] The PLR granted the requesting Estate a 120-day extension to make a QTIP election (discussed below) as well as divide the QTIP Trust into a Generation Skipping Transfer…
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Category: Private Letter Rulings

The Importance of a Properly Prepared Form 709 Gift Tax Return

The Importance of a Properly Prepared Form 706 Estate Tax Return

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Important Estate Planning Concerns for Nontaxable Estates

Will Contests in Mississippi

Conveyance Without a Deed – A Mississippi Case