On Jan. 29, 2015, the Internal Revenue Service released the much-anticipated final version of Form 8971, “Information Regarding Beneficiaries Acquiring Property From a Decedent,” and its instructions, ...
The IRS announced that it is delaying the deadline for filing Form 8971, Information Regarding Beneficiaries Acquiring Property From a Decedent, until June 30, 2016 (Notice 2016-27). The latest delay ...
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The American Institute of CPAs has sent comments to the Internal Revenue Service and the Treasury Department asking for changes in the IRS’s draft Form 8971, Information Regarding Beneficiaries ...
IMGCAP(1)]Many CPAs are involved with estate planning and need to determine the assets and liabilities of a client. Clients often create limited liability companies for tax and creditor rights ...
Update: In this notice, the IRS has extended the March 31, 2016 deadline to June 30, 2016. Imagine getting an IRS form listing $10 million worth of property that was your late great uncle’s. At the ...
After months of comment, speculation and uncertainty among practitioners, the Department of the Treasury issued temporary and proposed regulations for Internal Revenue Code Sections 1014(f) and 6035, ...