Do you value consistency? The IRS does too, and recent regulations require it when executors report estate asset values to the IRS and to beneficiaries. These new "consistency" rules took effect under a law passed last summer. They apply to estates that must file returns after July 31, 2015. Here's what you need to know.
The tax information contained in this site is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance.
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145 Tower Drive, Suite 4
Burr Ridge, IL 60527
Phone (630) 320-3720
To better serve our clients and friends, to keep you up-to-date and informed, our blog is a resource for tax tips and overall accounting related articles. We hope you find this useful!