BIR Ruling [DA-007-99]

January 7, 1999 BIR RULING [DA-007-99] Mr. Oscar R. Reyes 3-B Alpha Road, Alpha Village Old Balara, Quezon City S i r : This refers to your undated letter requesting, on behalf of the heirs of the late Victor S. Reyes for an extension of thirty (30) days within which to file the estate tax return pursuant to Section 90(C) to the Tax Code of 1997. cdt It is represented that the late Victor S. Reyes died intestate on April 18, 1998; that under Section 90(B) of the Tax Code of 1997, the estate tax return of the estate of the late Victor S. Reyes is due for filing on October 18, 1998; that his estate consists solely of a residential house and lot located at 3-B Alpha Road, Alpha Village, Old Balara, Quezon City valued at P1,489,976.00; that as an administrator of the said estate, you are constrained to make this request for the reason that you are still finalizing the execution of the extrajudicial partition of the said estate among the surviving spouse and the two (2) children of the decedent; In reply, please be informed that in view of the aforestated justifiable reasons, your request for an extension of thirty (30) days from October 18, 1998 to November 18, 1998 within which to file the estate tax return of the said estate, is hereby granted pursuant to Section 90(C) of the Tax Code of 1997. It shall be understood, however, that the estate shall be liable to the corresponding interests that have accrued thereon up to the time of filing of the return and payment of the estate tax due on the transmission of the said estate to the heirs. LibLex Very truly yours, (SGD.) BEETHOVEN L. RUALO Commissioner of Internal Revenue