Finanse publiczne · 11/05/2015

IRS Proposes Regulations on Modified Carryover Basis for Property Transferred from Decedents Who Died in 2010

The Internal Revenue Service (IRS) has released proposed regulations that provide guidance on applying the modified carryover basis rules of section 1022 of the Internal Revenue Code to property transferred from certain decedents who passed away in 2010, reflecting changes made by the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.