June 27, 2022

Volume XII, Number 178

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June 24, 2022

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ALERT – UPDATE 2.0 – New Rules for Basis Consistency

I described the new rules for basis consistency about which executors and their advisors must be aware.  In an update, I highlighted the regulations that had been issued.  The deadline for complying with the new rules was March 31, 2016.  On March 23, 2016, the IRS issued another notice further extending the deadline to comply with the new rules until June 30, 2016.   This extension gives executors and their advisors more time to digest the new rules and regulations, and hopefully, more accurately complete Form 8971 and Schedule A.

© 2022 Odin, Feldman & Pittleman, P.C.National Law Review, Volume VI, Number 87
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About this Author

Catherine F. Schott Murray, Estate Attorney, Odin Feldman
Shareholder

Catherine F. Schott Murray appreciates that every client’s situation is unique and requires solutions that are adapted to their particular needs, goals, and objectives. She takes the time to carefully listen to her clients and discuss decisions that are not always straightforward, ultimately reaching an appropriate resolution that is pertinent to each client. Catherine is professional, yet compassionate, while carefully explaining complex matters during potentially trying times. She is an active member of the National Academy of Elder Law Attorneys (NAELA) and serves on the Board of...

(703) 218-2175
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