Account Transcript May Be Used In Lieu Of Estate Tax Closing Letter

Abstract

The IRS has issued guidance that provides for the methods available to confirm the closing of an examination of the estate tax return. Specifically, the guidance allows an account transcript issued by the IRS to be substituted for an estate tax closing letter. An estate tax closing letter, Letter 627 acts as confirmation that the estate tax return has either been accepted by the IRS as filed, or as been accepted after an adjustment by the IRS, to which the estate has agreed.