Skip navigation
TE-tips.jpg

Tips From the Pros: Is a Closing Letter Worth $67?

Charles A. Redd questions the usefulness of the closing letter and reminds us of the distinction between an estate tax return that was examined and one that was accepted as filed.

Before June 1, 2015, the Internal Revenue Service generally issued an estate tax closing letter (Letter 627) for every estate tax return filed.1 The IRS generated a closing letter automatically, without the executor’s having to request it and without charge, to indicate acceptance of the estate tax return and to convey certain other information. Consistent with Revenue Procedure 2005-32, a closing letter explains that the IRS won’t reopen or examine the estate tax return to

ARTICLE ACCESS REQUIRED

Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).


If you are interested in unlimited article access for one year, please select Annual Subscription below.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish