{"id":3909,"date":"2016-05-30T06:42:10","date_gmt":"2016-05-30T10:42:10","guid":{"rendered":"http:\/\/resources.evans-legal.com\/?p=3909"},"modified":"2016-05-30T06:42:10","modified_gmt":"2016-05-30T10:42:10","slug":"actec-comments-on-basis-reporting-regulations","status":"publish","type":"post","link":"https:\/\/resources.evans-legal.com\/?p=3909","title":{"rendered":"ACTEC Comments on Basis Reporting Regulations"},"content":{"rendered":"<p>The American College of Trust and Estates Counsel (ACTEC) has sent comments to the Internal Revenue Service on the proposed regulations for basis reporting by estates.<\/p>\n<div data-canvas-width=\"133.15380000000002\"><a href=\"http:\/\/www.actec.org\/assets\/1\/6\/ACTEC_Final_Comments_on_1014_and_6035_Prop_Regs_05_27_16.pdf\">Comments on Proposed Regulations Under Sections 1014(f) and 6035<\/a>\u00a0 (5\/27\/2016).<\/div>\n<div data-canvas-width=\"133.15380000000002\"><\/div>\n<div data-canvas-width=\"133.15380000000002\">These comments should be of interest to practitioners concerned about compliance with the new basis reporting rules and the use of Form 8971.<\/div>\n<div data-canvas-width=\"133.15380000000002\"><\/div>\n<div data-canvas-width=\"133.15380000000002\">For background on the new basis reporting rules and Form 8971, see <a title=\"Permalink to Consistent Basis Reporting Required\" href=\"http:\/\/resources.evans-legal.com\/?p=3154\" rel=\"bookmark\">\u201cConsistent Basis Reporting Required,\u201d<\/a> <a title=\"Permalink to New Basis Reporting Form\" href=\"http:\/\/resources.evans-legal.com\/?p=3612\" rel=\"bookmark\">\u201cNew Basis Reporting Form,\u201d<\/a> and <a title=\"Permalink to Basis Reporting Form Released\" href=\"http:\/\/resources.evans-legal.com\/?p=3729\" rel=\"bookmark\">\u201cBasis Reporting Form Released.\u201d<\/a><\/div>\n<div data-canvas-width=\"133.15380000000002\"><\/div>\n<div data-canvas-width=\"133.15380000000002\">\u00a0 The due date for Form 8971 has been postponed until June 30, 2016.\u00a0\u00a0<a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/n-16-27.pdf\" target=\"_blank\">Notice 16-27<\/a>\u00a0 (3\/23\/16).<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The American College of Trust and Estates Counsel (ACTEC) has sent comments to the Internal Revenue Service on the proposed regulations for basis reporting by estates. Comments on Proposed Regulations Under Sections 1014(f) and 6035\u00a0 (5\/27\/2016). These comments should be &hellip; <a class=\"more-link\" href=\"https:\/\/resources.evans-legal.com\/?p=3909\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[29,36],"tags":[440,327,359,525,526],"class_list":["post-3909","post","type-post","status-publish","format-standard","hentry","category-news-items","category-regulations","tag-basis","tag-federal-estate-tax","tag-federal-income-tax","tag-irc-1014","tag-irc-6035","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/3909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3909"}],"version-history":[{"count":2,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/3909\/revisions"}],"predecessor-version":[{"id":3911,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/3909\/revisions\/3911"}],"wp:attachment":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}