Category Archives: Extensions

You may benefit from two filing extensions

The IRS has extended the time to meet two filing requirements that may benefit you. Asset basis consistency statement. Executors of estates who are required to report the value of assets to beneficiaries now have until June 30, 2016, to file statements with the IRS and the beneficiaries. Work Opportunity Tax Credit. Employers who hired qualified workers in 2015 have… (more…)

One more extension for estate executors

A law passed last summer added a new task for estate executors and others who file estate tax returns after July 31, 2015: providing a statement of the value of estate assets to beneficiaries and the IRS. The statement is designed to ensure consistency between the value of the property for estate tax purposes and the basis a beneficiary reports… (more…)