The IRS Wants $76 to Sign Off on Your Estate — but the Same Answer Is Free
The IRS wants to raise the fee for an estate tax closing letter, but many cases you don't even need it.
The IRS just proposed raising the user fee for an estate tax closing letter from $56 to $76. Before you groan about another government price hike, the $20 bump isn’t the real story. The real story is that a lot of farm estates pay for something they can get for nothing.
First, the basics. An estate tax closing letter — IRS Letter 627 — is the IRS confirming it has accepted a filed estate tax return. It’s the executor’s signal that the file is closed and the estate can be wrapped up without worrying about personal liability for more tax down the road.
