Finanse publiczne · 06/05/2024

Relief Provisions Respecting Timely Allocation of GST Exemption and Certain GST Elections

The document provides final regulations for granting extensions to individuals who failed to make timely allocations and elections related to the generation-skipping transfer (GST) tax, as part of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). The guidance affects individuals who missed deadlines for GST exemption, automatic allocation rules, or other timely elections.