Source: http://taxtv.com/code/00949-USCODE-2011-title26-subtitleB-chap11-subchapC-sec2204/
Timestamp: 2017-03-25 19:34:53
Document Index: 675285943

Matched Legal Cases: ['§2204', '§2204', '§2204', '§1906', '§1902', '§101', '§101', '§2204']

IRC §2204. Discharge of fiduciary from personal liability - TaxTV.com
IRC §2204. Discharge of fiduciary from personal liability
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If the executor in good faith relies on gift tax returns furnished under section 6103(e)(3) for determining the decedent’s adjusted taxable gifts, the executor shall be discharged from personal liability with respect to any deficiency of the tax imposed by this chapter which is attributable to adjusted taxable gifts which—
(1) are made more than 3 years before the date of the decedent’s death, and
1976—Subsec. (a). Pub. L. 94–455, §§1906(b)(13)(A), 2004(f)(6), substituted “6166 or 6166A” for “or 6166” after “6161, 6163” and struck out “or his delegate” in two places after “Secretary”.
Subsec. (b). Pub. L. 94–455, §§1902(a)(9), 1906(b)(13)(A), 2004(f)(4), (6), substituted “6166 or 6166A” for “or 6166” after “6161, 6163”, “has been” for “has not been” after “payment of which”, and struck out “or his delegate” after “Secretary”.
1970—Pub. L. 91–614, §101(d)(1)(A), substituted “fiduciary” for “executor” in section catchline.
Subsec. (a). Pub. L. 91–614, §§101(d)(1)(B), (C), (f), designated existing provisions as subsec. (a), inserted “General Rule—” immediately preceding first sentence and permitted a discharge of the executor even where an extension of time has been granted under sections 6161, 6163, or 6166 of this title, where a bond, if required, is provided to assure payment of taxes for which the extension was granted, and substituted “9 months” for “1 year” in two places.
Section 702(p)(2) of Pub. L. 95–600 provided that: “The amendment made by paragraph (1) [amending this section] shall apply with respect to the estates of decedents dying after December 31, 1976.”
Amendment by section 1902(a)(9) of Pub. L. 94–455 applicable in the case of estates of decedents dying after Dec. 31, 1970, see section 1902(c)(1) of Pub. L. 94–455, set out as a note under section 2011 of this title.
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