The due date for reporting the value of estate assets under Code Section 6035 has again been extended, from Feb. 29 to March 31.
Under Notice 2016-19, the IRS is allowing extra time for review of proposed regulations – expected soon – before taxpayers have to file Form 8971, Information Regarding Beneficiaries Acquiring Property From a Decedent, and any Schedule A.
The notice also recommends that executors and other persons required to file an estate tax return wait to prepare the Section 6035 statements until the US Treasury Department and IRS issue further guidance.
Issued earlier this month, Notice 2016-19 will be formally published on Feb. 29.
IRS Again Extends Estate Basis Reporting Deadline | AccountingWEB