Revisiting the estate tax amnesty and its current 'status'

"I AM INEVITABLE!" We cannot deny the fact that whenever we see or hear this movie line, we always remember the famous movie of 2019 titled "Avengers: Endgame." Wherein the main antagonist tried to kill half of the universe for the second time.

Death is really inevitable, taxes as well. These two when joined forces will result to a big problem to individuals with inherited properties that cannot be transferred under their names because of the unpaid tax obligations over the years. Noncompliance of paying the necessary taxes with the Bureau of Internal Revenue (BIR) pertaining to the transfer of properties from the decedent to its heirs is a burden to the latter, especially if the time of death we are talking about here is way back five, 10 or even more years ago.