The American Institute of CPAs is criticizing proposed regulations for how post-death events might be considered in determining the value of a taxable estate.

The regulations would affect estates of decedents against whom there are claims outstanding at the time of their deaths. The Treasury Department and the Internal Revenue Service have proposed amending existing regulations to prohibit using the date-of-death value as the amount of the deduction for a claim against the estate or debt of a decedent if there are any existing contingencies.

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