Finanse publiczne · 19/01/2017

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

The Internal Revenue Service has released final regulations on the application of modified carryover basis rules to property transferred from certain decedents who passed away in 2010, reflecting changes to the law 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.