What is the law regarding a tax closing letter?

What is the law regarding a tax closing letter?

My stepgrandfather passed away 6 months ago. I was named in the Will for a bequest. The estate probate was filed and according to the executor the estate was filed with the IRS 3 months ago. We were told that bequests would not be distributed until the IRS had provided the “Tax Closing Letter”. They expected the process to take about a year. They also mentioned that the IRS had 3-5 years to finish this process. I am looking for some concrete information regarding the process, specifically the tax closing letter and trying to determine if there is any advantage to legal representation.

Asked on February 21, 2012 under Estate Planning, Massachusetts

Answers:

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