The Internal Revenue Service announced Thursday that it was extending the filing deadline of a form that determines the taxes on estates of people who died in 2010.
Form 8939 is no longer due on April 18, 2011, and should not be filed with the final Form 1040 of persons who died in 2010, according to the agency.
"A reasonable period of time for preparation and filing will be given between issuance of the guidance and the deadline for filing Form 8939 and for electing to have the estate tax rules not apply," the agency said in a statement. "The Form 8939 is not currently available, but will be made available soon after the guidance is issued."
Form 8939, Allocation of Increase in Basis for Property Acquired from a Decedent, is an informational return used to establish basis for income tax purposes of property acquired from a person who died in 2010.