IRS Clarifies Certain Filing Dates And Procedures For 2010 Decedents And Application Of Carryover Basis Rules


On August 5, 2011, the Internal Revenue Service issued two pronouncements related to the estates of persons who died in 2010. Notice 2011-66 explains how and when certain elections are to be made and Rev. Proc. 2011-41 provides certain clarifications of the manner in which the carryover basis rules of Internal Revenue Code Section (Section) 1022 are to be applied.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Loeb & Loeb LLP | Attorney Advertising

Written by:


Loeb & Loeb LLP on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.