<!-- TTST:[7517]: TTC:[I]: TTSC:[F]: TTT:[r]: TTS:[301.7517-1]: TTCP:[Furnishing on request of statement explaining estate or gift valuation]: TTCI:[Reg. 301.7517-1]: TTB:[1d.php?v=sr&s=301.7516-1]: TTA:[1d.php?v=sr&s=301.7601-1]: TTD:[7935]: -->

TREASURY REGULATIONS


Index  » Subchapter F  » Reg. 301.7517-1

Reg. 301.7517-1
Furnishing on request of statement explaining estate or gift valuation

January 15, 2021


§ 301.7516-1 « Browse » § 301.7601-1

See related I.R.C. 7517

Treas. Reg. § 301.7517-1.  Furnishing on request of statement explaining estate or gift valuation

(a) In general. Section 7517 requires the Service to furnish to a taxpayer, at the request of that taxpayer, a statement explaining the estate, gift or generation-skipping transfer valuation of any item contained on a return filed by the taxpayer as to which a determination or proposed determination of value has been made. The request must be filed no later than the latest time to file a claim for refund of the tax which is dependent on the value with respect to which the determination has been made. The request should be filed with the district director's office that has jurisdiction over the return of the taxpayer.

(b) Effective date - (1) Estates of decedents. Section 7517 applies to estates of decedents dying after December 31, 1976.

(2) Gifts. Section 7517 applies to gifts made after December 31, 1976.

(3) Generation-skipping transfer. Section 7517 applies to any generation-skipping transfer subject to chapter 13.


[T.D. 7757, 46 FR 6930, Jan. 22, 1981]
 

The preliminary Code is a preliminary release of the Internal Revenue Code of 1986 (the "Code") by the Office of the Law Revision Counsel and is subject to further revision before it is released again as a final version. The source of the preliminary Code used in TouchTax is available here: https://uscode.house.gov/download/download.shtml. The Code is a consolidation and codification by subject matter of the general and permanent laws of the U.S. prepared by the Office of the Law Revision Counsel of the U.S. House of Representatives. The Treasury Regulations are a codification of the general and permanent rules published in the Federal Register by the departments and agencies of the federal government. The version of the Treasury Regulations available within TouchTax is part of the Electronic Code of Federal Regulations which is not an official legal edition of the Code of Federal Regulations but is an editorial compilation of CFR material and Federal Register amendments produced by the National Archives and Records Administration's Office of the Federal Register (OFR) and the Government Publishing Office. The source of the CFR used in TouchTax is available here: https://www.govinfo.gov/bulkdata/ECFR/title-26 Those using TouchTax for legal research should verify their results against the printed versions of the Code and Treasury Regulations. TouchTax is copyright 2022 by Com-Lab (Mobile). Learn more at http://touchtax.edrich.de.