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Proposed regulations: Process, user fee for estate tax closing letter

Process, user fee for estate tax closing letter

The U.S. Treasury Department and IRS today released for publication in the Federal Register proposed regulations (REG-114615-16) establishing a new user fee for authorized persons who wish to request the issuance of IRS Letter 627 (that is also referred to as an estate tax closing letter).

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The proposed regulations [PDF 270 KB] (six pages as published in the Federal Register on December 31, 2020) list the annual number of requests for closing letters and the hours of IRS staff time required to process these requests to arrive at a user fee of $67 for estate tax closing letters. Guidance on the procedure for requesting an estate tax closing letter and paying the user fee is not provided in these proposed regulations. Instead, the IRS and Treasury stated that they expect to implement a process for authorized persons requesting estate tax closing letters by initiating a one-step, web-based procedure for requesting the estate tax closing letter as well as paying the user fee.

Comment and requests for a public hearing must be received by March 1, 2021.

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