IRS Extends Deadline for Carryover Basis Form for 2010 Estates

Posted on: April 5th, 2011
The IRS is extending the filing deadline of Form 8939, Allocation of Increase in Basis of Property Acquired from a Decedent, which must be submitted to determine the new basis of assets in 2010 estates that opt out of the federal estate tax....

AICPA asks IRS for Guidance on Carryover Basis Rules

Posted on: December 7th, 2010
From today’s press release from the American Institute of Certified Public Accountants: The American Institute of Certified Public Accountants has asked the Internal Revenue Service to issue guidance about how to apply carryover basis rules for the assets of taxpayers who died in 2010 in order to settle their estates. ...
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