Portability: Good Cause Portability Extensions Are Possible

Tax Notes reports that Karlene Lesho, Brach 4 senior technical reviewer, IRS Office of Associate Chief Counsel (Passthroughs and Special Industries), stated that estates that fail to make timely extensions requests for portability may be able to seek good cause extensions.  Her comments were made at a session of the Federal Bar Association Section on Taxation tax law conference in Washington DC on March 3, 2017.

Tax Notes article is available to Tax Notes subscribers at Tax Notes.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.