CCA 201926013: Alternate Valuation Date Disallowed

In Chief Counsel Advice 201926013, the IRS concluded that where the audit determined that estate and GST taxes on the decedent’s date of death were lower than on the alternate valuation date, an executor who elected to use an alternate valuation date could not use that date, but had to use the date of death for valuation purposes.

See full CCA by clicking CCA 201926013: Alternate Valuation Date Disallowed

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..

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