IRS PROPOSES AUTOMATIC EXTENSIONS.

• Author: Josephs, Stuart R.
• Position: United States. Internal Revenue Services - Brief Article

Form 706, U.S. Estate (and Generation-Skipping Transfer) Tax Return, must be filed within nine months of the decedent's death. The IRS may grant extensions up to six additional months, unless the executor is abroad. Extensions are requested on Form 4768.

On Oct. 20, a regulation was proposed to allow an automatic six-month extension if Form 4768 is filed by the return's original due date and includes an estimate of the full tax due...