N-2016-19: Date for Compliance with Consistent Basis Reporting Between Estate and Person Acquiring Property from Decedent

Internal Revenue Service (IRS) sent this bulletin at 02/11/2016 03:00 PM EST

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February 11, 2016

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Issue Number: N-2016-19

Inside This Issue

Notice 2016-19 provides that statements required under section 6035, regarding the basis of property distributed from the estate of a decedent, need not be filed or furnished until March 31, 2016, rather than the current February 29, 2016 deadline. The notice further recommends that executors and other persons who are required to file an estate tax return wait to prepare the statements required under section 6035 until the Treasury Department and IRS issue further guidance.

Notice 2016-19 will be published in IRB 2016-09, dated Feb. 29, 2016.

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