N.Y. Tax Law 979 – Report of change in federal taxable estate, adjusted taxable gifts, additional estate tax imposed by section 2032A of the internal revenu…
§ 979. Report of change in federal taxable estate, adjusted taxable gifts, additional estate tax imposed by section 2032A of the internal revenue code. (a) General. If the amount of the federal taxable estate reported on the federal estate tax return for an estate is changed or corrected by the United States internal revenue service or other competent authority, the executor shall report such change or correction in the federal taxable estate within ninety days after the final determination of such change or correction or as otherwise required by the commissioner of taxation and finance, and shall concede the accuracy of such determination or state wherein it is erroneous. Any executor filing an amended federal estate tax return shall also file within ninety days thereafter an amended return under this article, and shall give such further information as the commissioner may require. The commissioner may by regulation prescribe such exceptions to the requirements of this section as he or she deems appropriate.
Terms Used In N.Y. Tax Law 979
- Executor: A male person named in a will to carry out the decedent
- executor: means the executor or administrator of the estate of the decedent, or, if there is no executor or administrator appointed, qualified and acting, then any person or entity in actual or constructive possession of any property of the decedent. See N.Y. Tax Law 951-A
(b) Final federal determination. The executor of every estate which is subject to the United States estate tax shall file with the commissioner of taxation and finance a copy of the final federal determination thereof forthwith after the same is made.