Permalink Submitted by Alan Spross on Fri, 2008-08-22 02:35
Your guess is correct. It gets filed with the transferor of the interest or their legal representative. The IRS would only be involved should they have reason to inquire or audit one of the parties.
Permalink Submitted by Bruce Steiner on Fri, 2008-08-22 03:23
Question no. 1 on Schedule M of the estate tax return (Form 706) asks if any property passed to the spouse as a result of a disclaimer, and if so, says to attach a copy of the disclaimer.
Even if the disclaimed property passes to someone other than the spouse, we would attach a copy of the disclaimer to the estate tax return.
Permalink Submitted by Alan Spross on Fri, 2008-08-22 02:35
Your guess is correct. It gets filed with the transferor of the interest or their legal representative. The IRS would only be involved should they have reason to inquire or audit one of the parties.
Permalink Submitted by Bruce Steiner on Fri, 2008-08-22 03:23
Question no. 1 on Schedule M of the estate tax return (Form 706) asks if any property passed to the spouse as a result of a disclaimer, and if so, says to attach a copy of the disclaimer.
Even if the disclaimed property passes to someone other than the spouse, we would attach a copy of the disclaimer to the estate tax return.
Permalink Submitted by Mister Anonymous on Fri, 2008-08-22 15:14
Thanks, guys.