Rule2026-05447
Consistent Basis Reporting Between Estate and Person Acquiring Property From Decedent; Correction
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 19, 2026
Effective
March 19, 2026
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
This document contains corrections to a final rule (TD 9991), which was published in the Federal Register on Tuesday, September 17, 2024 (89 FR 76356). That document inadvertently overwrote some previous language, and this document corrects the final regulations.
Full Text
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<title>Federal Register, Volume 91 Issue 53 (Thursday, March 19, 2026)</title>
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[Federal Register Volume 91, Number 53 (Thursday, March 19, 2026)]
[Rules and Regulations]
[Pages 13220-13221]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-05447]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 301
[TD 9991]
RIN 1545-BM97
Consistent Basis Reporting Between Estate and Person Acquiring
Property From Decedent; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
[[Page 13221]]
ACTION: Final rule; correcting amendments.
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SUMMARY: This document contains corrections to a final rule (TD 9991),
which was published in the Federal Register on Tuesday, September 17,
2024 (89 FR 76356). That document inadvertently overwrote some previous
language, and this document corrects the final regulations.
DATES: These corrections are effective on March 19, 2026.
FOR FURTHER INFORMATION CONTACT: Concerning section 1014(f), Donna
Douglas at 202-317-6859; concerning section 6035, Karen Wozniak at 202-
317-6844 (not toll-free numbers).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9991) that are the subject of this
correction are under sections 1014(f), 6035, 6721, and 6722 of the
Internal Revenue Code.
List of Subjects in 26 CFR Part 301
Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income
taxes, Penalties, Reporting and recordkeeping requirements.
Corrections to the Regulations
Accordingly, 26 CFR part 301 is corrected by making the following
correcting amendments:
PART 301--PROCEDURE AND ADMINISTRATION
0
Paragraph 1. The authority citation for part 301 continues to read in
part as follows:
Authority: 26 U.S.C. 7805.
0
Par. 2. Section 301.6721-1 is amended by revising paragraph (j)(2) to
read as follows:
Sec. 301.6721-1 Failure to file correct information returns.
* * * * *
(j) * * *
(2) Exceptions. (i) Paragraph (h)(3)(iii) of this section applies
to returns required to be filed on or after January 1, 2026.
(ii) Paragraph (h)(2)(xii) of this section applies with respect to
information returns required to be filed after September 17, 2024.
0
Par. 3. Section 301.6722-1 is amended by revising paragraph (g)(2) to
read as follows:
Sec. 301.6722-1 Failure to furnish correct payee statements.
* * * * *
(g) * * *
(2) Exceptions. (i) Paragraph (e)(2)(viii) of this section applies
to payee statements required to be furnished on or after January 1,
2026.
(ii) Paragraph (e)(2)(xxxv) of this section applies with respect to
payee statements required to be furnished after September 17, 2024.
Kalle L. Wardlow,
Federal Register Liaison, Publications and Regulations Branch,
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2026-05447 Filed 3-18-26; 8:45 am]
BILLING CODE 4831-GV-P
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</html>Indexed from Federal Register on March 19, 2026.
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