The due date required by newly enacted Section 6035 has been postponed until February 29th, 2016, by IRS Notice 2015-57. The section will require a statement be sent to beneficiaries of a property transfer from an estate that describes the value of the property interest. Originally, the new statements were due on August 31, 2015 but were delayed in order for the IRS to create guidance for taxpayers and conduct a public comment phase.
See Sally P. Schreiber, IRS announces delayed due date for new estate basis reporting rules, Journal of Accountancy, August 21, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
