Shenkman Law

Client PortalClient Login
  • Services
  • The Firm
  • Blog
  • Newsletter
  • Press & Awards
  • Resources
  • Webinars
  • Podcasts
  • Contact
« Back

    Consistency in Reporting Tax Basis for Income and Estate Tax

    WealthManagement.com
    Sep 24, 2015

    Martin M. Shenkman 

    The process of determining the value of estate assets, and filing the required estate
    tax return, might all be complicated by recent law changes made by the Surface
    Transportation and Veterans Health Care Choice Improvement Act (the Act). Those
    changes mandate consistency in the reporting of the income tax basis in assets.
    These rules make it more important for executors of estates affected to hire
    professional advisors to complete and file an estate tax return, document the income
    tax basis for the estate in each asset and inform beneficiaries of their income tax
    basis in asset received. The new basis reporting rules are effective after July 31,
    2015.

    Read his commentary here.

    No related posts.

© 2022 Shenkman Law
  • Services
  • The Firm
  • Blog
  • Press & Awards
  • Resources
  • Contact
  • Privacy Policy
  • Site Map
  • Code of Ethics
  • ADV 2A Firm Brochure
  • Chronic Illness
  • LawEasy