Enhanced Relief and Streamlined Procedures: A Review of the Final GST Exemption Allocation Relief Regulations

The IRS has issued final regulations (TD 9996) to address allocation relief under Code section 2642(g)(1), effective May 6, 2024. These regulations replace the 9100 Relief previously granted under Treas. Reg. § 301.9100-3. The changes simplify and clarify the process…