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June 12, 2017,
Section: 2010 Automatic Late Portability Election Relief Procedure Published by
IRS ................................................................................................................
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What is section automatic late portability?
Section automatic late portability allows a surviving spouse to make a late portability election without having to request a private letter ruling.
Who is required to file section automatic late portability?
The surviving spouse who missed the deadline to file an estate tax return is required to file section automatic late portability.
How to fill out section automatic late portability?
The surviving spouse must complete and submit Form 706 within two years of the deceased spouse's date of death.
What is the purpose of section automatic late portability?
The purpose of section automatic late portability is to allow the surviving spouse to preserve the deceased spouse's unused estate tax exemption amount.
What information must be reported on section automatic late portability?
The surviving spouse must report the deceased spouse's name, date of death, and other relevant information on Form 706.
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