Showing posts with label Estate Tax System. Show all posts
Showing posts with label Estate Tax System. Show all posts

Tuesday, October 11, 2011

Form 8939 Released by IRS

The IRS has released Form 8939 and instructions, which the estate of a 2010 decedent can use to elect out of the estate tax system and into the modified carryover basis system. This form is due January 17, 2012. To view the form, go to http://www.irs.gov/pub/irs-pdf/f8939.pdf, and to view the instructions, go to http://www.irs.gov/pub/irs-pdf/i8939.pdf.

Wednesday, October 5, 2011

2011 Form 706 and Instructions Released by IRS

The IRS has posted on its website the forms for the U.S. Estate Tax Return (Form 706) and instructions for estates of decedents dying in 2011. The IRS previously released Form 706 and instructions for estates of decedents who died in 2010. We are still waiting for the release of Form 8939 for estates of 2010 decedents to elect out of the estate tax system and into the carryover basis system. Click here for the IRS forms and instructions.