Analyzing the Carryover Basis Election Impact on 2010 Estates

The 2010 tax year shaped up to be a very interesting year, especially from an estate tax standpoint. For taxpayers dying in 2010, a critical decision needs to be made as to whether an estate should opt to be subject to the estate tax rules or be subject to the ?modified carryover basis? rules.

Source: http://www.aicpa.org/InterestAreas/PersonalFinancialPlanning/CPEAndEvents/Pages/CarryoverBasis.aspx

cpa tax accountant accounting company accounting and tax services income tax preparation accounting firms