News,Post-Death Probate & Trust Administration

CARRY-OVER BASIS & ESTATE TAX RETURNS FOR 2010 GET ANOTHER EXTENSION

September 14, 2011 Comments Off on CARRY-OVER BASIS & ESTATE TAX RETURNS FOR 2010 GET ANOTHER EXTENSION

by: Raymond Sheffield Two weeks ago I wrote about the unique rules for decedents dying in 2010. On Tuesday, the IRS gave another well needed extension to Fiduciaries who are responsible for filing tax returns for decedents dying in 2010. As you know, Congress changed the tax code on December 17, 2010, creating confusion and […]

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PALO ALTO CPA ASKS ABOUT 2010 DEATH & TAXES

August 30, 2011 Comments Off on PALO ALTO CPA ASKS ABOUT 2010 DEATH & TAXES

Bert Torres, a Palo Alto CPA, recently asked about the estate tax results for people who died in 2010. If the decedent’s estate is less then $3,000,000, does an estate tax return or the 8939 (Carry-Over Basis Form) need to be filed? Answer: When Congress changed the law on December 17, 2010, they modified the […]

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