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فرم 8971 دستورالعمل های برنامه A

دستورالعمل های فرم 8971 و برنامه A، اطلاعات مربوط به Beneficis به دست آوردن ملک از یک Decedent (برای استفاده با فرم 8971 (Rev. January 2016)

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  • فرم 8971 - اطلاعات مربوط به Beneficiaries به دست آوردن مالکیت از یک دسامبر
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Department of the Treasury  
Internal Revenue Service  
Instructions for Form 8971  
and Schedule A  
(Rev. September 2016)  
Information Regarding Beneficiaries Acquiring Property From a Decedent  
(For use with Form 8971 (Rev. January 2016))  
Section references are to the Internal  
Revenue Code unless otherwise noted.  
Form 8971 isn’t required when:  
The gross estate plus adjusted taxable  
gifts is less than the basic exclusion  
amount;  
Where To File  
File Form 8971 (including all Schedule(s)  
A) at the following address.  
Future Developments  
Estate tax-related forms (for example,  
Forms 706-QDT, 706-CE, and 706-GS(D),  
other than those mentioned above are  
filed;  
For the latest information about  
developments related to Form 8971 and  
its instructions, such as legislation  
enacted after they were published, go to  
Department of the Treasury  
Internal Revenue Service Center  
Mail Stop #824G  
Cincinnati, OH 45999  
The estate tax return is filed solely to  
make an allocation or election respecting  
the generation-skipping transfer tax; or  
The estate tax return is filed solely to  
elect portability of the deceased spousal  
exclusion amount (DSUE).  
A beneficiary can be provided  
Schedule A:  
General Instructions  
Purpose of Form  
In person to an individual beneficiary, to  
the trustee(s) of a beneficiary trust, or to  
the executor(s) of a beneficiary estate;  
By email;  
The Surface Transportation and Veterans  
Health Care Choice Improvement Act of  
2015 requires executors of an estate and  
other persons who are required to file  
Form 706, United States Estate (and  
Generation-Skipping Transfer) Tax Return  
or Form 706-NA, United States Estate  
(and Generation-Skipping Transfer) Tax  
Return Estate of nonresident not a citizen  
of the United States, to report the final  
estate tax value of property distributed or  
to be distributed from the estate, if the  
estate tax return is filed after July 2015.  
Form 8971, along with a copy of every  
Schedule A, is used to report values to the  
IRS. One Schedule A is provided to each  
beneficiary receiving property from an  
estate.  
When To File  
By U.S. mail to the beneficiary’s last  
known address; or  
Form 8971 (including all attached  
Schedule(s) A) must be filed with the IRS  
and only the Schedule A is to be provided  
to the beneficiary listed on that  
Schedule A, no later than the earlier of:  
The date that is 30 days after the date  
on which Form 706 or Form 706-NA is  
required to be filed (including extensions)  
with the IRS; or  
By private delivery service to the  
beneficiary’s last known address (see  
below).  
The executor of the estate (or other  
person required to file) must certify on  
Form 8971, Part II, column D, the date on  
which Schedule A was provided to each  
beneficiary and should keep proof of  
mailing, proof of delivery,  
The date that is 30 days after the date  
Form 706 or Form 706-NA is filed with the  
IRS.  
acknowledgment of receipt, or other  
information relevant for the estate’s  
records. In cases where a trust or another  
estate is a beneficiary and has multiple  
trustees or executors, providing  
If the first Form 706 or Form 706-NA is  
filed both after the form’s due date  
(including extensions) and after July 2015,  
the Form 8971 and Schedule(s) A are due  
30 days after the filing date.  
Schedule A to one trustee or executor is  
enough to meet the requirement.  
Provide each beneficiary only with  
a copy of that beneficiary’s own  
!
Form 8971 is a separate filing  
Private delivery services. Certain  
private delivery services designated by the  
IRS may be used to meet the “timely  
mailing as timely filing” rule for tax returns.  
These private delivery services include  
only the following.  
CAUTION  
Schedule A. Do not provide a  
requirement from the estate’s Form 706 or  
706-NA, and shouldn't be attached to the  
respective estate tax return. Form 8971  
and attached Schedule(s) A must be filed  
with the IRS, separate from any and all  
other tax returns filed by the estate.  
copy of the Form 8971 with or without  
attached Schedule(s) A to any beneficiary.  
Certain property received by a  
beneficiary may be subject to a  
DHL Express 9:00, DHL Express 10:30,  
DHL Express 12:00, DHL Express  
Worldwide, DHL Express Envelope, DHL  
Import Express 10:30, DHL Import  
Express 12:00, and DHL Import Express  
Worldwide.  
consistency requirement, meaning that the  
beneficiary can’t use a value higher than  
the value reported on Schedule A as the  
beneficiary’s initial basis in the property.  
Note. Notice 2016-27, 2016-15 I.R.B.  
576, available at www.irs.gov/irb/  
2016-15_IRB/index.html, made June 30,  
2016, the due date for:  
Who Must File  
All Forms 8971 (including the attached  
Schedule(s) A) required to be filed with the  
IRS after July 31, 2015, and before June  
30, 2016; and  
Federal Express (FedEx): FedEx  
Priority Overnight, FedEx Standard  
Overnight, FedEx 2Day, FedEx  
An executor of an estate or other  
person(s) required to file Form 706 or  
Form 706-NA under sections 6018(a) and  
6018(b), if the return is filed after July  
2015, and whether or not that form is filed  
timely, is required to file Form 8971 with  
attached Schedule(s) A with the IRS and  
to provide each beneficiary listed on the  
Form 8971 with that beneficiary’s  
International Priority, FedEx International  
First, FedEx First Overnight, FedEx  
International Next Flight Out, and FedEx  
International Economy.  
All Schedules A required to be provided  
to beneficiaries after July 31, 2015, and  
before June 30, 2016.  
United Parcel Service (UPS): UPS Next  
Day Air, UPS Next Day Air Saver, UPS  
2nd Day Air, UPS 2nd Day Air A.M., UPS  
Worldwide Express Plus, UPS Worldwide  
Express, and UPS Next Day Air Early AM.  
Note. If the due date falls on a Saturday,  
Sunday, or legal holiday, the executor of  
an estate or other person(s) may file on  
the next business day.  
Schedule A. See the Instructions for Form  
706 or Form 706-NA, for more information  
on the filing requirement for those forms.  
Oct 04, 2016  
Cat. No. 68440S  
For the IRS mailing address to use if  
you are using a private delivery service, go  
to IRS.gov and enter “private delivery  
service” in the search box.  
The private delivery service can tell you  
how to get written proof of the mailing  
date.  
you were in existence, if shorter) ending  
before the calendar year in which the  
information returns were due are $5 million  
or less.  
Intentional disregard of filing require-  
ments. If any failure to file a correct Form  
8971 or Schedule A is due to intentional  
disregard of the requirements to file a  
correct Form 8971 and Schedule(s) A, the  
minimum penalty is at least $530 per Form  
8971 and the Schedule(s) A required to be  
filed with it, with no maximum penalty.  
Inconsequential error or omission. An  
inconsequential error or omission isn't  
considered a failure to include correct  
information. An inconsequential error or  
omission doesn't prevent or hinder the IRS  
from processing the Form 8971 and the  
Schedule(s) A required to be filed along  
with it. Errors and omissions that are  
never inconsequential are those related to  
a TIN, a beneficiary's surname, and the  
value of the asset the beneficiary is  
receiving from the estate.  
Rounding Off to Whole  
Dollars  
The value of property should be reported  
in U.S. dollars and rounded to  
whole-dollar amounts. To round, drop  
amounts under 50 cents and increase  
amounts from 50 to 99 cents to the next  
dollar. For example, $1.39 becomes $1  
and $2.55 becomes $3. If you add two or  
more amounts to figure an item's value,  
include the cents when adding the  
amounts and round off only the total.  
Supplemental Forms 8971  
and Schedules A  
The value of the property to be reported  
on the initial Form 8971 and the attached  
Schedules A is the fair market value of the  
asset as reported on the estate tax return.  
However, the final value for purposes of  
the federal estate tax may differ from that  
reported on the estate tax return. A value  
is considered “final” when:  
Penalties  
Note. An executor may be subject to  
penalties for failure to file and/or furnish  
correct Forms 8971 and Schedule(s) A  
even if there was no tax due on the estate  
tax return.  
The value of the property shown on an  
estate tax return filed with the IRS isn't  
contested by the IRS before the period of  
assessment expires;  
Failure to file correct Forms 8971 by  
the due date (section 6721). If the  
executor of an estate or other person  
required to file Form 8971 fails to file a  
correct Form 8971 and/or Schedule A with  
the IRS by the due date and reasonable  
cause isn't shown, a penalty may be  
imposed. The penalty applies if there is a  
failure to file timely, a failure to include all  
information required to be shown on the  
form or schedule, a failure to include  
correct information on the form or  
The value of the property is specified by  
the IRS and isn't timely contested by the  
estate (or other person required to file  
under section 6018(b)); or  
Note. A TIN is a Social Security Number  
(SSN), an Employer Identification Number  
(EIN), an Individual Taxpayer Identification  
Number (ITIN), or any other number used  
by the IRS in the administration of tax  
laws. See Part II—Beneficiary Information,  
later, for information on obtaining the TIN  
of a beneficiary of the estate.  
The value of the property is determined  
by a court or pursuant to a settlement  
agreement with the IRS, including the  
resolution of a claim for abatement or  
refund.  
schedule, or a failure to file a correct  
supplemental Form 8971 and/or  
If information reported on Form 8971  
and the Schedule(s) A filed with the IRS or  
provided to a beneficiary differs from the  
final value (as the result of the resolution  
of a valuation dispute or otherwise), the  
executor or other person required to make  
this filing must file a supplemental Form  
8971 and affected Schedule(s) A with the  
IRS and provide an updated supplemental  
Schedule A to each affected beneficiary  
no later than 30 days after the adjustment.  
See Where To File, earlier. On both the  
supplemental Form 8971 and each  
Failure to furnish correct Schedules A  
to beneficiaries by the due date (sec-  
tion 6722). If the executor of an estate or  
other person required to file Form 8971  
fails to provide a correct Schedule A to a  
beneficiary and doesn't show reasonable  
cause, a penalty may be imposed. The  
penalty applies if there is a failure to  
provide the Schedule A by the due date, a  
failure to include all information required to  
be shown on the schedule, a failure to  
include correct information on the  
Schedule A by the due date. A complete  
Form 8971 includes all Schedule(s) A.  
Only one penalty will apply for all  
failures relating to a single filing of a single  
Form 8971 and the Schedule(s) A  
required to be filed along with it. Each  
filing of a Form 8971 with Schedule(s) A is  
a separate filing, regardless as to whether  
the filing is of the initial Form 8971 and  
Schedule(s) A or a supplemental Form  
8971 and Schedule(s) A.  
supplemental Schedule A, the  
The amount of the penalty depends on  
when the correct Form 8971 with  
Schedule(s) A is filed.  
schedule, or a failure to provide a correct  
supplemental Schedule A by the due date.  
The penalty applies for each Schedule A  
required to be provided.  
“Supplemental Filing” box should be  
checked and only the information that has  
changed should be reported.  
The penalty is as follows.  
If the initial Form 8971 and Schedule(s)  
A identify several beneficiaries who might  
receive the same property, the estate  
may, but isn’t required to, file a  
$50 per Form 8971 (including all  
Schedule(s) A) if it is filed within 30 days  
after the due date. The maximum penalty  
is $532,000 per year (or $186,000 if the  
taxpayer qualifies for lower maximum  
penalties, as described below).  
The amount of the penalty depends on  
when a correct Schedule A is provided.  
The penalty is as follows.  
$50 per Schedule A if it is provided  
within 30 days after the due date. The  
maximum penalty is $532,000 per year (or  
$186,000 if the taxpayer qualifies for lower  
maximum penalties, as described below).  
$260 per Schedule A if it is provided  
more than 30 days after the due date or if  
it isn't provided. The maximum penalty is  
$3,193,000 per year ($1,064,000 if the  
taxpayer qualifies for lower maximum  
penalties, as described below).  
supplemental Form 8971 and Schedule(s)  
A to specify the actual distribution of that  
property among the identified  
$260 per Form 8971 (including all  
Schedule(s) A) if it is filed more than 30  
days after the due date or if it isn't filed.  
The maximum penalty is $3,193,000 per  
year ($1,064,000 if the taxpayer qualifies  
for lower maximum penalties, as  
described below).  
beneficiaries.  
If the executor or other person required  
to file Form 8971 has been notified that a  
Form 706 or Form 706-NA, related to the  
Form 8971 and Schedule(s) A has been  
selected for examination, a copy of the  
supplemental Form 8971 with attached  
supplemental Schedule(s) A should be  
provided to the office conducting the  
examination.  
All penalty amounts shown are subject  
to adjustment for inflation.  
All penalty amounts shown are subject  
to adjustment for inflation.  
Lower maximum penalties. You qualify  
for lower maximum penalties if your  
average annual gross receipts for the 3  
most recent tax years (or for the period  
Lower maximum penalties. You qualify  
for lower maximum penalties if your  
average annual gross receipts for the 3  
Instructions for Form 8971 and Schedule A  
-2-  
most recent tax years (or for the period  
you were in existence, if shorter) ending  
before the calendar year in which the  
schedule filed with the IRS without entries  
in each field won't be processed. A form  
with an answer of “unknown” won't be  
Note. Some foreign beneficiaries may not  
be required to provide a TIN to the estate.  
If the foreign beneficiary isn’t required to  
provide a TIN, enter “Not Required” in the  
TIN entry space.  
Column D. For each beneficiary, enter  
the date on which the executor gave  
Schedule A to the beneficiary. See Where  
To File, earlier.  
information returns were due are $5 million considered a complete return.  
or less.  
Part I — Decedent and  
Intentional disregard of filing require-  
ments. If any failure to provide a correct  
Executor Information  
Schedule A is due to intentional disregard  
Line 3. Enter the SSN of the decedent. If  
of the requirements to provide correct  
the decedent didn't have an SSN, the  
Schedules A, the penalty is at least $530  
Return preparer. Permission to discuss  
the Form 8971 is limited to the information  
reported on (or required to be reported on)  
the Form 8971 and attached Schedule(s)  
A and doesn't authorize the return  
executor (or other person required to file  
per Schedule A with no maximum penalty.  
Form 706) should obtain one for the  
Inconsequential error or omission. An  
inconsequential error or omission isn't  
considered a failure to include correct  
information. An inconsequential error or  
omission can’t reasonably be expected to  
prevent or hinder the beneficiary from  
timely receiving correct information and  
using the information to report basis on the  
beneficiary’s own return. Errors and  
omissions that are never inconsequential  
are those related to (a) the value of the  
asset the beneficiary is receiving from the  
estate, and (b) a significant item in a  
beneficiary's address.  
Reasonable cause exception to the  
penalties for failing to file Forms 8971  
and Schedules A and for failing to pro-  
vide Schedules A to beneficiaries. The  
penalties for failing to file correct Form  
8971 and Schedules A with the IRS and  
for failing to provide correct Schedules A  
to beneficiaries won't apply to any failure  
that is shown to be due to reasonable  
cause and not to willful neglect. In general,  
it must be shown that the failure was due  
to an event beyond the taxpayer’s control  
or due to significant mitigating factors. It  
must also be shown that the executor or  
other person required to file acted in a  
responsible manner and took steps to  
avoid the failure.  
decedent by filing Form SS-5, Application  
for a Social Security Card. You can get  
Form SS-5 online at  
preparer to represent the estate before the  
IRS or to enter into any agreements with  
the IRS regarding the Form 8971 and  
attached Schedule(s) A.  
www.socialsecurity.gov or by calling the  
SSA at 1-800-772-1213.  
Line 4. If there is more than one executor,  
enter the name of one executor and see  
the instructions for line 8.  
Line 6. Provide only the TIN of the  
executor listed on line 4 and see the  
instructions for line 8.  
Line 7. Provide only the address of the  
executor listed on line 4. Use Form 8822,  
Change of Address, to report a change of  
the executor’s address. Also, see the  
instructions for line 8.  
Line 8. Check the box and attach a  
statement with the name, address,  
telephone number, and TIN of each  
executor (if any) other than the one named  
on line 4.  
Complete and attach Form 2848,  
Power of Attorney and Declaration of  
Representative, if the executor would like  
the return preparer to represent the estate  
before the IRS with respect to the Form  
8971 and Schedule(s) A or any other  
matter related to the estate. Completing  
Form 2848 may authorize the person  
designated on that form to sign  
agreements, consents, waivers, or other  
documents.  
Note. When completing Form 2848,  
remember the executor, not the estate, is  
the “taxpayer” to be listed in line 1, and the  
TIN listed should also be the executor's  
TIN. Also, when filling out line 3, enter  
“Civil Penalties” in the Description of the  
Matter column, “Form 8971/Schedule A” in  
the Tax Form Number column, and the  
decedent's date of death using the  
four-digit year and two-digit month as  
“YYYYMM” in the Year(s) or Period(s)  
column.  
Anyone who is paid to prepare the  
Form 8971 and/or any Schedule A must  
sign the form as a paid preparer and give  
a copy of the completed Form 8971 and/or  
Schedule(s) A to the executor required to  
file Form 706 or Form 706-NA.  
Line 9. If the executor made an election  
on the estate tax return to use alternate  
valuation under section 2032, provide the  
alternate valuation date.  
Part II — Beneficiary  
Information  
A beneficiary is an individual, trust, or  
other estate who has acquired (or is  
expected to acquire) property from the  
estate. If the executor is also a beneficiary  
who has acquired (or is expected to  
acquire) property from the estate, the  
executor is a beneficiary for purposes of  
the Form 8971 and Schedule A.  
Penalties for Inconsistent  
Filing  
Beneficiaries who report basis in property  
that is inconsistent with the amount on the  
Schedule A may be liable for a 20%  
accuracy-related penalty under section  
6662.  
Note. A paid preparer may sign original or  
amended returns by rubber stamp,  
mechanical device, or computer software  
program.  
Column A. Enter the name of each  
individual, trust, or other estate that  
acquired (or is expected to acquire)  
property from the estate. Retain a copy of  
the Form 8971 (including all attached  
Schedule(s) A) for the estate’s records.  
Column B. Enter the TIN of each  
beneficiary listed. If the executor of the  
estate solicited a beneficiary's TIN in  
writing and hasn’t received it, enter  
“requested” and attach a copy of the  
solicitation to Form 8971 to avoid inquiries  
from the IRS. A supplemental Form 8971  
and corresponding Schedule A must be  
filed with the IRS once the TIN has been  
obtained.  
Obtaining Forms and  
Publications To File or Use  
Signature and Verification  
You can access the IRS website 24 hours  
a day, 7 days a week, at IRS.gov to:  
Download forms, instructions, and  
publications;  
All executors shown on Form 8971 and  
listed on any attached statement are  
responsible for the reporting requirements  
related to Form 8971 and Schedule(s) A.  
However, it is enough for only one of the  
executors to sign Form 8971.  
Order IRS products;  
Research tax questions;  
Search publications by topic or  
keyword; and  
Form 8971 is signed under penalties of  
perjury and all executors are responsible  
for the information included on Form 8971  
and Schedule(s) A as filed with the IRS  
and Schedules A provided to  
Sign up to receive local and national tax  
news by email.  
Specific Instructions  
Complete Form 8971 and each attached  
Schedule A in its entirety. A form or  
beneficiaries. All executors are also liable  
for all applicable penalties.  
Instructions for Form 8971 and Schedule A  
-3-  
description of each item that has been  
acquired (or is expected to be acquired)  
by a beneficiary. The listing should consist  
of a related property (for example, stocks  
held in a single brokerage account) and  
only include information relevant to basis  
reporting such as name/description of the  
property, value, and valuation date. Do not  
attach property appraisals to Schedule A.  
For more information on details to be  
included by asset type or schedule, see  
the Instructions for Form 706 or Form  
706-NA.  
Column C. An entry (Y or N) is required  
in this column for each asset. Indicate “Y”  
only if estate tax was generated and the  
asset contributed to the estate tax (for  
example, the asset wasn't subject to a  
marital or charitable deduction).  
Generally, any property that qualifies  
for a marital deduction under section 2056  
or 2056A or a charitable deduction under  
section 2055 won't generate estate tax  
and “N” should be indicated.  
Schedule A — Information  
Regarding Beneficiaries  
Acquiring Property From a  
Decedent  
Privacy Act and Paperwork Reduction  
Act Notice. We ask for the information on  
this form to carry out the Internal Revenue  
laws of the United States. You are  
required to give us the information. We  
need it to ensure that you are complying  
with these laws and to allow us to figure  
and collect the right amount of tax.  
Sections 6035 and 6109, and the  
regulations require you to provide this  
information.  
Executors of estates filing Form 8971 are  
required to complete a Schedule A for  
each beneficiary that acquired (or is  
expected to acquire) property from the  
estate. You will need a copy of the Form  
706 or Form 706-NA filed by the estate of  
the decedent to complete this schedule.  
All property acquired (or expected to be  
acquired) by a beneficiary must be listed  
on that beneficiary’s Schedule A. If the  
executor hasn't determined which  
beneficiary is to receive an item of  
property as of the due date of the Form  
8971 and Schedule(s) A, the executor  
must list all items of property that could be  
used, in whole or in part, to fund the  
beneficiary’s distribution on that  
You aren’t required to provide the  
information requested on a form that is  
subject to the Paperwork Reduction Act  
unless the form displays a valid OMB  
control number. Books or records relating  
to a form or its instructions must be  
retained as long as their contents may  
become material in the administration of  
any Internal Revenue law. Generally, tax  
returns and return information are  
confidential, as required by section 6103.  
However, section 6103 allows or requires  
the Internal Revenue Service to disclose  
information from this form in certain  
beneficiary’s Schedule A. (This means  
that the same property may be reflected  
on more than one Schedule A.) A  
supplemental Form 8971 and  
Column D. Generally, the valuation date  
of property will be the decedent’s date of  
death. If the estate elected to use an  
alternate valuation date, list the value of  
the property on the alternate valuation  
date. See section 2032 for additional  
guidance.  
circumstances. For example, we may  
disclose information to the Department of  
Justice for civil or criminal litigation, and to  
cities, states, the District of Columbia, and  
U.S. commonwealths or possessions for  
use in administering their tax laws. We  
may also disclose this information to other  
countries under a tax treaty, to federal and  
state agencies to enforce federal non-tax  
criminal laws, or to federal law  
corresponding Schedule(s) A may, but  
aren’t required to, be filed once the  
distribution to each such beneficiary has  
been made.  
Note. A cash bequest acquired (or  
expected to be acquired) by a beneficiary  
isn’t considered reportable property for  
purposes of Form 8971/Schedule A.  
Column E. List the value reported on  
Form 706 or Form 706-NA. The value  
reported in column E should be the fair  
market value as of the decedent's date of  
death or any alternate valuation date used  
for the estate tax return. This value  
shouldn’t reflect any post-death  
Use and duplicate page A-2  
enforcement and intelligence agencies to  
combat terrorism. Failure to provide this  
information, or providing false information,  
may subject you to penalties.  
(Schedule A—Continuation Sheet) if  
additional space is needed to list the  
property acquired (or expected to be  
acquired) by a beneficiary. Attach a copy  
of each completed Schedule A to Form  
8971 and submit to the IRS. Provide a  
copy of each Schedule A only to the  
beneficiary named on that Schedule A. Do  
not provide a copy of the Form 8971 to a  
beneficiary. See the instructions under  
Where To File, earlier.  
adjustment in value. The full fair market  
value of the property acquired (or  
expected to be acquired) by the  
The time needed to complete and file  
this form and related schedules will vary  
depending on individual circumstances.  
The estimated average time is:  
beneficiary is to be reported in column E.  
This value shouldn’t factor in mortgages,  
non-recourse indebtedness, or other  
decreases in equity.  
Recordkeeping  
Learning about the law or the  
form  
Preparing, copying,  
assembling, and sending the  
form to the IRS  
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3 hr., 49 min.  
42 min.  
For partial interests of property,  
(including life estates and usufructs) the  
value reported should reflect the  
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Column A. Number the items received by  
the beneficiary. Continue this numbering  
on page A-2 of the  
proportional value of the partial interest for  
each beneficiary. For example, an estate  
has property valued on the Form 706 at  
$400,000. The property is being  
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47 min.  
Schedule A—Continuation Sheet (if  
necessary).  
Column B. Use the same description in  
column B that the executor used for the  
property on the Form 706 or Form  
706-NA. Include in column B the schedule  
and item number where the property was  
reported on Form 706 or Form 706-NA, as  
applicable.  
If the beneficiary acquired (or is  
expected to acquire) a joint interest,  
fractional interest, or any other interest in  
property which is less than 100% of the  
interest reported on the estate tax return,  
indicate the interest in the property the  
beneficiary will acquire.  
distributed to Beneficiary 1, receiving a  
75% interest in the property, and  
If you have comments concerning the  
accuracy of these time estimates or  
suggestions for making this form simpler,  
we would be happy to hear from you. You  
can send us comments from www.irs.gov/  
formspubs/. Click on “More Information”  
and then on “Give us feedback.” You can  
also send your comments to the Internal  
Revenue Service, Tax Forms and  
Publications Division, 1111 Constitution  
Ave. NW, IR-6526, Washington, DC  
20224. Do not send the tax form to this  
address. Instead, see Where To File,  
earlier.  
Beneficiary 2, receiving a 25% interest in  
the property. Schedule A, Part II, column E  
should reflect $300,000 on the Schedule A  
for Beneficiary 1 and $100,000 on the  
Schedule A for Beneficiary 2. If the value  
reported on a Schedule A that has already  
been filed with the IRS or provided to a  
beneficiary changes (as a result of the  
resolution of a valuation issue or  
otherwise), you must file a supplemental  
Form 8971 and associated Schedule(s) A  
with the IRS and provide an updated  
Schedule A to each affected beneficiary  
no later than 30 days after the adjustment.  
Listings of bulk assets may be attached  
to Schedule A in lieu of a detailed  
Instructions for Form 8971 and Schedule A  
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