Reasons to Value a Trust

Posted Posted in Compromise Tax, Estate Tax, Federal Estate Tax, Florida, Inheritance Tax (相続税), New Jersey, New York, Pennsylvania, Trust Planning, Trusts

Recently I gave a lecture on the valuation of trusts.  While I am not an accountant nor am I a valuation expert, I live and breathe trusts… and frequently the question comes up, what is value of a particular beneficiary’s interest in a trust. Keep in mind, just because a trust is worth $1M, it […]

Requirement of Executors to Report Basis of Assets

Requirement of Executors to Report Basis of Assets When Administering an Estate – FollowUp

Posted Posted in Basis, Estate Administration, Executor, Federal Estate Tax, Probate, Tax, Tax Returns

The IRS has released new regulations that have extended the due date for filing Form 8971 to March 31, 2016.  Executors and administrators of estates that are required to file a federal Form 706 Estate Tax Return are now also required to file Form 8971 and report the basis of the assets included in the […]