IRS Provides Transfer Tax Extensions
Over the past few weeks, the IRS has provided numerous extensions due to the Covid-19 virus outrbreak. These included Notice 2020-17, Notice 2020-18, and Notice 2020-20. Some relief was provided for gift and generation-skipping transfer tax return filings and payments under Notice 2020-20. Late last week, additional extensions were granted in Notice 2020-23 aimed at estate and generation-skipping tax returns and payments. . .