If the filing threshold has been met, or in other words, if, independent of the portability election, the estate is required to file an estate tax return based on the total value of the gross estate and adjusted taxable gifts, no extension of time to elect portability is available and Revenue Procedure 2017-34 does not apply.
Verification is the process of assuring that the product satisfies the conditions before work starts. Validation is the process of assuring that the product meets the specified requirements at the end of the development phase. In other words, to make sure the product is designed in accordance with customer's requirements.
Verification and Validation. Before getting into the various forms and strategies of testing we must understand the process of verifying and validating the software code. Verification and validation is the generic name given to checking processes which ensure that the software conforms to its specification and meets the needs of the customer.