The IRS has announced that the deadline for filing Form 8971, and for providing Schedule A to beneficiaries, previously postponed to February 29 by Notice 2015-57, and then postponed to March 31 by Notice 2016-19, has again been postponed, this … Continue reading
Category Archives: News
Good news (for disclaimer fans): S.B. 1104, which contains a number of different amendments to the PEF Code, and which appears to be on track to pass the Senate, has been amended to specify that an agent who is given … Continue reading
The Juvenile Court Procedural Rules Committee has proposed amendments the Pa. Rules of Juvenile Court Procedures regarding investigations of child abuse or neglect. “Proposed Amendment of Pa.R.J.C.P. 100 and 1100, and New Pa.R.J.C.P. 1107 and 1109,” 46 Pa.B. 555 (1/30/2016). … Continue reading
In Notice 2016-19, , 2016-09 I.R.B. ___, the IRS has again postponed the due date for basis reporting (i.e., filing Forms 8971), this time to March 31, 2016. The notice (which is stated to be effective February 11, 2016) also … Continue reading
The IRS has released the new Form 8971 (and its instructions) for executors to use to report federal estate tax values as required by new IRC section 6035. The Form 8971 is filed with the IRS, and a separate Schedule … Continue reading
The Orphans’ Court Procedural Rules Committee has proposed new rules for adoption proceedings. Proposed Rescission of Rules 15.1 through 15.9 and Replacement with the New Rules of Chapter XV, 46 Pa.B. 332 (1/16/2016). (The recently adopted Orphans’ Court rules did … Continue reading
After entering an order adopting new Orphans’ Court rules, generally effective September 1, 2016 (see In re: Order Rescinding and Replacing Rules 1.1 through 13.3 and Rule 17, and Amendment Rules 14.1 through 16.12 of the Pennsylvania Orphans Court Rules, … Continue reading
The Internal Revenue Service has released a 12/18/2015 draft of a new Form 8971 for reporting basis information in accordance with new IRC section 6035 for assets held by a decedent and reported on a federal estate tax return (Form … Continue reading
The Internal Revenue Service (IRS) has issued a notice providing guidance on the application of the decision in Obergefell v. Hodges, 576 U.S. ___, 135 S.Ct. 2584 (2015), to retirement plans qualified under section 401(a) of the Internal Revenue Code … Continue reading
The Supreme Court has entered an order adopting new Orphans’ Court rules, generally effective September 1, 2016. In re: Order Rescinding and Replacing Rules 1.1 through 13.3 and Rule 17, and Amendment Rules 14.1 through 16.12 of the Pennsylvania Orphans … Continue reading