
Are alternate estate valuation dates on the way?
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Description
Abstract: The IRS has issued new proposed regulations on the election of alternate valuation dates for estates. If implemented, they could significantly affect the availability of alternate valuation dates when the value of an estate decreases after death. This article discusses Internal Revenue Code Section 2032(a), which allows executors to elect to value an estate on the date that’s six months after the date of death.
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