BIR Ruling [DA-241-00]

May 19, 2000 BIR RULING [DA-241-00] Mr. Reynaldo Go Unit B3 Crowne Place No. 6 First Street New Manila, Quezon City S i r : This refers to your letter dated March 16, 2000 requesting on behalf of the heirs of the late Nathaniel Go Lim and Erlinda Go Lim, for an extension of thirty (30) days within which to file the estate tax return and two (2) years within which to pay the estate tax due thereon. It is represented that Nathaniel Go Lim and Erlinda Go Lim both were residents of No. 20 Palanza corner Guirayan Street, Quezon City died on January 23, 2000 as a consequence of vehicular accident; that the heirs, Jeremiah Lim, 20 years old and Justin Lim, 19 years old are still traumatized by the effects of the sudden demise of their parents; that the extent and value of the estate cannot yet be ascertained; and that the heirs are certain that the filing of the estate tax return and payment of the tax within six (6) months from the decedent's death would be impose undue hardship upon the estate. In reply, please be informed that in view of the aforementioned valid and justifiable ground, your request for an extension of thirty (30) days to file the estate tax return and two (2) years to pay the estate tax reckoned from July 23, 2000, the date fixed for the filing and payment thereof, is hereby granted pursuant to Sections 90 and 91 both of the Tax Code of 1997. Very truly yours, (SGD.) ROMEO S. PANGANIBAN Deputy Commissioner (Operations Group) Officer-in-Charge