For the IRS to Grant a Discretionary Extension of Time

question 91

True/False

For the IRS to grant a discretionary extension of time to pay estate taxes (under § 6161), the executor must show that the estate would otherwise undergo undue hardship.

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Definitions:

Principals

Individuals or entities that own, govern, or have significant authority within an organization or operation.

Time Horizon

The length of time over which an investment, project, or policy is contemplated or expected to be effective or profitable.

Creativity

The capacity to generate innovative and useful ideas or solutions.

New Products

Items or services that have been recently introduced to the market, offering new features or benefits.