Get Revenue Procedure 1998-15 - Underpayment Interest; Interest Expense Deduction; Estates.. Procedures

This guide provides clear and comprehensive instructions on how to fill out the Revenue Procedure 1998-15 related to underpayment interest, interest expense deduction, and estates. By following these steps, you will be able to complete the necessary procedure efficiently and accurately.

Follow the steps to complete the Revenue Procedure 1998-15 online.

1. Click ‘Get Form’ button to access the Revenue Procedure 1998-15 and open it for editing.
2. Begin by reviewing the purpose of the procedure in Section 1 to understand the context of your filling. Familiarize yourself with the definitions of terms to ensure accuracy.
3. In Section 4, make sure to prepare the letter required for the § 503(d)(2) election. This letter should include the decedent’s name, the estate’s EIN, and a statement declaring the election, along with the due date for installment.
4. Ensure the letter is signed and dated by the executor. This signature confirms the authenticity of the election.
5. If an estate has not filed an estate tax return, attach the election letter to the estate tax return.
6. Review the Section regarding the effective date of the election to understand when it takes effect.
7. Once you complete the form, you have the option to save your changes, download the document for offline use, print it, or share it as necessary.

Complete your forms online to ensure timely and efficient processing of the Revenue Procedure 1998-15.