Jan 26, 2021 "Time Saver & Helpful Hint" eNewsletter

January 26, 2021 "Time Saver & Helpful Hint" eNewsletter

Weekly Time Saver / Helpful Hint

"Mutual Fund Pricing for Estate & Gift Tax Valuations"

We are occasionally asked how mutual fund pricing is done for estate and gift tax valuations.

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.

[ IRS Reg. 20.2031-8(3)(b) ]

You can take a closer look at the complete IRS regulation by clicking HERE.

Last week's topic was:

"IRS Regulations For Martin Luther King Holiday Estate Tax Valuations"

You can read last week's eNewsletter by clicking HERE.

Weekly Trusts & Estates News Update

"A Guide to Potential Tax Law Changes Under Biden"

Synopsis: Now that the Democrats are in full control, here's a detailed look at the tax law changes they might propose and what advisors can do.

Click HERE to read the article.

Which valuations can I get from ESI-APPRAISE?

We give you access to all the tools, information, and professional support you need to increase your profits and serve your customers better:

IRS Form 706 Estate Tax
IRS Form 709 Gift Tax
Charitable Remainder Unitrust
Grantor Retained Annuity Trust
Domestic & Global Historical Pricing
Capital Changes
Cost Basis Calculator for Corporate Actions
Cost Basis Calculator for Dividend Reinvestment Plans
1040/1041 Income Allocation for Calendar or Fiscal Year

How can I get a valuation from ESI-APPRAISE?

1. Secure online solutions (You do the work to save money.)

- APPRAISE Web: credit card or account #; can be run from anywhere/any platform

· APPRAISE.Windows: software on your computer; internet connection to access data

· APPRAISE.SaaS: our software as a service (SaaS) solution.

SaaS means we host the software, which you access via the internet, and you store

your data locally. This benefits you and your information technology group because:

You're always running the current version and do not need to install updates.
It's easy to add and remove users
It has more reports and features than traditional desktop software
You store your data securely on your computers.

· ESI-Direct: ONESOURCE Trust & Estate securities valuations without software

2. Outsourcing solution (We do the work and save you time.)

Valuations can be submitted/delivered via email, fax, overnight courier, or mail.

Upcoming ESI-APPRAISE Events

Jan 18: Martin Luther King Day NYSE & NASDAQ holiday (ESI closed)

Are you the correct recipient of this eNewsletter?

Perhaps your coworker or colleague would be benefit from the information contained in this eNewsletter. Please feel free to share it with them. They can then sign up for their own subscription by clicking on the link below.

You can 'Safely Unsubscribe' by clicking on the link at the bottom of this eNewsletter.

Thank you for subscribing and allowing us to serve you.

Evaluation Services, Inc.

180 OLD TAPPAN ROAD,

BUILDING 4, OLD TAPPAN, NJ 07675

(201) 784 8500

appraisenj.com

editor@appraisenj.net