BIR Ruling [DA-366-99]

June 24, 1999 BIR RULING [DA-366-99] Ms. Roberta Ravelo-Austria Representative 19 Kent St. Fil-Invest Homes, Q.C. M a d a m : This refers to your letter dated June 22, 1999 requesting on behalf of the legal heirs of the late Lucy Arbis Ravelo , for an extension of time to file its estate tax return. dctai It is represented that the late Lucy Arbis Ravelo died on December 24, 1998; that you are constrained to make this request for the reason that the heirs are still in the process of conducting an inventory of properties and obligations left by the deceased; and that the payment of estate tax at this present time will cause undue financial hardship upon the estate and the heirs of the deceased. In reply, please be informed that in view of the aforestated justifiable reason, your request for an extension of thirty (30) days up to July 24, 1999 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 interest 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 pursuant to Section 249 of the Tax Code of 1997. cdlex Very truly yours, (SGD. BEETHOVEN L. RUALO Commissioner of Internal Revenue