Beth Kaufman Applauds IRS for Granting Extensions to Make QTIP Election

Tax Notes has published a letter sent to the IRS by Beth Shapiro Kaufman of Caplin & Drysdale, Douglas Siegler, Howard Zaritsky, and Richard Franklin commenting on PLR 201025021. In the letter, the authors applaud the IRS's decision to grant a 60-day extension of time to make a gift tax QTIP election under section 2523(f)(2)(c) and urges the IRS to continue issuing such relief in appropriate cases. Click on the pdf icon to read the letter.