The IRS denied a request to extend the time to make an alternate valuation election. In the case, the estate requested the extension 18 months after the deadline and claimed the CPA hired to file the estate tax return neglected to consider the alternate valuation date.
See Estate Denied Extension to Make Alternate Valuation Election, 2010 TNT 162-50 (May 19, 2010).
Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.
Leave a comment