Executors for estates of decedents who died in 2010 have untilJanuary 17, 2012 to file Form 8939, which is the carryover basis information return.
Allocations of available generation-skipping transfers on Form 8939 are also due on January 17, 2012.
March 2012 is the deadline to file Form 706 for the estate tax return.
The extension gives executors more time to consider the impact of making an I.R.C. §1022 election.
Income and gift tax returns did not receive an extension.
For more information please contact Stacey R. Edwards Jones at 507-385-4488.
Stacey R. Edwards Jones, Managing Partner