A second valuation date of a decedent's estate. Typically, six months after death, a person's estate is subject to estate taxes. If the estate executor believes that the valuation of the decedent's estate is declining, or will soon decline, then he or she may opt to use this alternate date of valuation in order to determine the value of the estate. This has the effect of reducing the estate taxes that are owed. If this date is not used to value the estate, then the date of the decedent's death will be used.
Related information about alternate valuation date:
- IRS Reissues Alternative Valuation Date Proposed Regulations
Nov 17, 2011 ... The IRS issued new proposed regulations Thursday (REG-112196-07) on electing an alternate valuation date for an estate and withdrew ...
- Alternate Valuation Date: Definition from Answers.com
Valuation date six months ( not 180 days) after the date of a persons death. For estate tax purposes, the executor may place a value on the estate as of.
- Alternate Valuation Date - Wills & Estate Planning - About.com
What happens if some of the deceased person's property is sold, distributed or otherwise disposed of prior to the alternate valuation date? Under these ...
- Instructions for Form 706 (08/2011)
Do not complete the “Alternate valuation date” or “Alternate value” columns of any schedule unless you elected alternate valuation on line 1 of Part 3— Elections ...
- Alternate Valuation Date - Big Solutions for Small Business
The alternate valuation date rule is designed to be a relief provision in cases where the value of a decedent's estate declines in the six-month period following ...
- alternate valuation date - Business Definition
alternate valuation date definition: In federal estate taxes, the valuation of an estate six months following the date of death, or the date on which the assets are ...
- Considering the Alternate Valuation Date Option - Kleinberg, Kaplan ...
M30.4 Value as of the Alternate Valuation Date M30-3 ... alternate valuation date and how the decision regarding its election is made. ' All statutory references ...
- Alternate Valuation Date - McLaughlin & Stern, LLP
in valuing property on the alternate valuation date. Nevertheless, the ultimate implications of the changes made by the Prop. Regs. remain uncertain. ' ...