BIR Ruling [DA-576-98]

December 24, 1998 BIR RULING [DA-576-98] Mrs. Remedios C. Farinas Laoag City M a d a m : This refers to your letter dated October 6, 1998 requesting on behalf of the Estate of your late husband, Federico L. Farinas, for an extension of thirty (30) days within which to file the decedent's estate tax return pursuant to Section 90(C) of the Tax Code of 1997. It is represented that the late Federico L. Farinas died on April 24, 1998; and that you are constrained to make this request due to the following reasons: 1. You have not secured some of the needed documents from government offices pertaining to the properties of the estate of the late Federico L. Farinas; 2. The heirs have just agreed to settle the estate extrajudicially; and 3. You are still retrieving certification from suppliers as to the accounts payable of the estate to them. In reply, please be informed that in view of the aforestated justifiable reasons, your request for an extension of thirty (30) days up to November 23, 1998 within which to file the estate tax return of your late husband is hereby granted pursuant to Section 90(C) of the Tax Code of 1997. It shall be understood that the estate shall be liable 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. (BIR Ruling No. DA-159-96 dated May 7, 1996) cdtech Very truly yours, Commissioner of Internal Revenue By: (SGD.) SIXTO S. ESQUIVIAS IV Deputy Commissioner (Legal & Enforcement Group)