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Is a Closing Letter Worth $67?
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- Author(s): Redd, Charles A.1,2
- Source:
Trusts & Estates. Oct2022, Vol. 161 Issue 10, p7-9. 3p.
- Subject Terms:
- Additional Information
- Subject Terms:
- Abstract:
The article focuses on the decision by the U.S. Internal Revenue Service (IRS) to charge a 67 U.S. dollar user fee for issuing a closing letter effective October 28, 2021. Topics discussed include the IRS's acknowledgment that a closing letter is essentially worthless, the Chief Counsel Advice 202142010 by the Office of Chief Counsel and the distinction between an estate tax return that was examined and one that was accepted as filed.
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