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2010 Deaths and Carryover Basis Resources - Emil Estafanous, CPA : Emil Estafanous, CPA

2010 Deaths and Carryover Basis Resources

Background

Under a Economic Growth and Tax Relief Reconciliation Act of 2001, a estate taxation was repealed for persons who died in 2010. However, a Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 backed a estate taxation for persons who died in 2010. This new law allows executors of a estates of decedents who died in 2010 to opt out of a estate tax, and instead elect to be governed by a repealed carry-over basement supplies of a 2001 Act. This choice is to be done by filing Form 8939.  IRS continues to emanate implementing superintendence and forms, and the AICPA continues to advocate and rise collection for members on several issues regarding 2010 deaths and carryover basis.

AICPA Tools and Practice Aids



Advocacy Documents

 

 

About Emil Estafanous, CPA
Certified Public Accountant (CPA) Tax Professional committed in representing taxpayers and resolving their tax problems.

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