Part I. Rulings and Decisions Under the Internal Revenue Code of 1986

Section 2010.—Unified Credit Against Estate Tax

This notice grants to qualifying estates a six-month extension of time for filing an estate tax return (Form 706) to elect portability of an unused exclusion amount provided that qualifying estates file a request for an extension (Form 4768) within 15 months of the decedent’s death. A qualifying estate is the estate of a person who died, survived by a spouse, during the first half of calendar year 2011, and whose gross estate has a fair market value that does not exceed $5 million. With the extension granted by this notice, Form 706 must be filed within 15 months of the decedent’s death. See Notice 2012-21, page 450.

Section 6075.—Time for Filing Estate and Gift Tax Returns

26 CFR 20.6075–1: Returns; time for filing estate tax return.

This notice grants to qualifying estates a six-month extension of time for filing an estate tax return (Form 706) to elect portability of an unused exclusion amount provided that qualifying estates file a request for an extension (Form 4768) within 15 months of the decedent’s death. A qualifying estate is the estate of a person who died, survived by a spouse, during the first half of calendar year 2011, and whose gross estate has a fair market value that does not exceed $5 million. With the extension granted by this notice, Form 706 must be filed within 15 months of the decedent’s death. See Notice 2012-21, page 450.

Section 6081.—Extension of Time for Filing Returns

26 CFR 20.6081–1: Extension of time for filing the return.

This notice grants to qualifying estates a six-month extension of time for filing an estate tax return (Form 706) to elect portability of an unused exclusion amount provided that qualifying estates file a request for an extension (Form 4768) within 15 months of the decedent’s death. A qualifying estate is the estate of a person who died, survived by a spouse, during the first half of calendar year 2011, and whose gross estate has a fair market value that does not exceed $5 million. With the extension granted by this notice, Form 706 must be filed within 15 months of the decedent’s death. See Notice 2012-21, page 450.

2012–10 I.R.B. 437 March 5, 2012