On June 24, the IRS issued the following rulings granting extensions to make the portability election (click the links to view the full rulings):

  • Number: 201626001 Summary: The IRS granted an estate an extension to make a portability election under section 2010(c)(5) to allow the surviving spouse to take into account the decedent’s unused exclusion amount.
  • Number: 201626004 Summary: The IRS ruled that income a private foundation recognizes from the satisfaction of receivables from a limited liability company that had been owned by the foundation’s founder, who is now deceased, will not be subject to the tax on unrelated business income.
  • Number: 201626008 Summary: The IRS granted an estate an extension to make a portability election under section 2010(c)(5) to allow the surviving spouse to take into account the decedent’s unused exclusion amount.
  • Number: 201626014 Summary: The IRS granted an estate an extension to make a portability election under section 2010(c)(5) to allow the surviving spouse to take into account the decedent’s unused exclusion amount.
  • Number: 201626015 Summary: The IRS granted an estate an extension to make a portability election under section 2010(c)(5) to allow the surviving spouse to take into account the decedent’s unused exclusion amount.
  • Number: 201626018 Summary: The IRS granted an estate an extension to make a portability election under section 2010(c)(5) to allow the surviving spouse to take into account the decedent’s unused exclusion amount.
  • Number: 201626019 Summary: The IRS granted an estate an extension to make a portability election under section 2010(c)(5) to allow the surviving spouse to take into account the decedent’s unused exclusion amount.
  • Number: 201626020 Summary: The IRS granted a couple an extension to elect out of the generation-skipping transfer tax exemption automatic allocation rules for two transfers to a trust and for all future transfers to the trust.
  • Number: 201626021 Summary: The IRS granted an estate an extension to make a portability election under section 2010(c)(5) to allow the surviving spouse to take into account the decedent’s unused exclusion amount.
  • Number: 201626022 Summary: The IRS granted an estate an extension to make a portability election under section 2010(c)(5) to allow the surviving spouse to take into account the decedent’s unused exclusion amount.