"Valuation of mutual funds for estate and gift tax"
We are occasionally asked to provide the IRS regulation we apply for accurate valuation of mutual funds. The answer is
[ IRS Reg. 20.2031-8(3)(b) ] which states:
"For open ended investment companies (commonly known as mutual funds) the fair market price is the public redemption price on the valuation date. Should no price be available for that date, the price used will be the price for the first day preceding the valuation date."
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Monthly Complimentary Webinar
We instituted a
complimentary webinar series to enable our subscribers to receive concise and timely instruction on issues and ideas affecting our industry without having to leave the office.
Next webinar:
"Save time allocating the interest and dividends between the individual and the estate"
is scheduled for Wed, May 1 from 11:30a to 12:00p ET.
Here is a synopsis:
The ESI-APPRAISE 1040-1041 Income Allocator is a powerful tool for the preparation of IRS Form 1040-1041 tax returns when there is a date of death involved. The Allocator calculates and then allocates income, month by month, by CALENDAR or FISCAL year.
We received this email from a recent user.
"You don't know how much time I have put into trying to allocate the interest and dividends between the individual and the estate. This is very helpful!"
Click HERE to REGISTERfor this interesting and enlightening presentation.
Prior webinars:
You can access a recording of last month's webinar
"Best Way to Build YOUR Practice While Educating Your Customers,"
as well as prior webinars, by clicking on the icon below.
Best Way to Build YOUR Practice While Educating Your Customers
Solution Of The Month
"Cost Basis for Dividend Reinvestment (DRiP) Plans"
When you receive dividends through a DRIP, you then buy the applicable amount of shares based on the total amount of dividends and the stock price that day. These amounts need to be added to your cost basis to accurately reflect the true cost value of the stock owned. You also need to pay attention to whether or not the stock split at all over the time period you owned it. If it did, it would impact the total number of shares owned and the value.
ESI-APPRAISE has a quick, accurate, and economical service that does this complex calculation for you. To learn more, click on the icon below.
ESI-APPRAISE DIVIDEND REINVESTOR
If you need immediate stock and bond valuations for trusts and estates, or historical portfolio pricing, try
appraise.web.
If you're looking to
outsource your valuations, or to replace legacy estate valuation software with a state of the art "
software as a service" solution, please
EMAIL us.
Upcoming Events
Events we are coordinating:
- Apr 18: System maintenance beginning at 5:00p ET
(All online services will be unavailable for a few hours)
- Apr 19: NYSE Good Friday holiday (ESI-APPRAISE closed)
- Apr 17: Greater New Jersey Estate Planning Council meeting
(Topic:
When life does not go as planned...)
Subscriber Feedback
We want to make it easy for our subscribers to give us feedback. Please click
here if you want to contact us.
Here is a recent testimonial from a client.
"You don't know how much time I have put into trying to allocate the interest and dividends between the individual and the estate. This is very helpful!"
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