BNA's Daily Tax Report ("DTR") reported on IRS Branch 4 chief George Masnik's comments to an American Institute of Certified Public Accountants resource panel on November 5, 2007. According to the report, the IRS expects to issue sample charitable lead unitrusts and liquidation guidance under IRC Sec. 2704 and final regulations under IRC Sec. 2053 on post-death events within the year. Nine other guidance projects are in the works.
See Diane Freda,"Sample Charitable Lead Unitrusts, Liquidation Guidance Expected Soon," 214 DTR G-6 (2007).
Posted by Kiersten Jensen, Estate and Gift Tax Developments Columnist, Wealth Strategies Journal.
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