A bill becomes law if signed by the President or if not signed within 10 days and Congress is in session. If Congress adjourns before the 10 days and the President has not signed the bill then it does not become law (Pocket Veto.)
Amounts paid. or reasonably expected to be paid during estate administration are deductible on Form 706; or, executor can elect to. claim some administration expenses on Form 1041 when paid. On Form 1041, expense is subject to 2% adjusted gross.
Prudence normally requires at least six months (most often longer) to wind up a trust's affairs. If an estate tax return is required, often the period of administration can last three years (or more).The estate tax return itself isn't due until 9 months following the death of the settlor of the trust, and that time can be extended without question for another six months.The IRS has three years to audit the return unless there is a request for prompt audit (reducing that time to 18 months).Report Abuse.f an estate tax return is required, often the period of administration can last three years (or more). The estate tax return itself isn't due until 9 months following the death of the settlor of the trust, and that time can be extended without question for another six months.