The IRS through an email said that a taxpayer who timely files Form 706 but fails to make an alternate valuation election may get an extension by taking corrective action as described in section 301.9100-2(c). The email can be found at http://www.irs.gov/pub/irs-wd/1052007.pdf.
Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.
Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.
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