Closing Letter, does Minnesota issue one?
Every estate tax return, Form M706, filed with the Minnesota Department of Revenue is issued a Notification of Audit Results. This document is sent to the personal representative or the individual/firm designated Power of Attorney. If the estate is required to file federal Form 706 with the IRS, the Minnesota Notification of Audit Results will not be issued until the Minnesota Department of Revenue has received a copy of the federal closing letter and/or federal audit report. (If the IRS issues an audit report, you must file an amended Minnesota Form M706 to reflect the federal changes.
Every estate tax return filed with the Minnesota Department of Revenue is issued a Notification of Audit Results. This document is sent to the personal representative or the individual/firm designated Power of Attorney. If the estate is required to file federal Form 706 with the IRS, the Minnesota Notification of Audit Results will not be issued until the department receives a copy of the federal closing letter and/or federal audit report. (If the IRS issues an audit report, you must file an amended Minnesota Form M706 to reflect the federal changes.
