Form 8939 Released

The IRS has finally released Form 8939 “Allocation of Increase in Basis for Property Acquired From a Decedent”.  This is for individuals who passed away in 2010 and are opting out of the estate tax under the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.  The deadline for filing was recently extended until January 17, 2012.