On March 23, the IRS issued a new law regarding estate tax returns. The value of the property a person inherits from a decedent must be consistent with the value of the property as finally determined for Federal estate tax purposes.
The law also created a new section about documents required. The executor of an estate (who is required to file an estate tax return) must provide certain statements to the IRS and to beneficiaries of the estate. This also applies to 6018(b) filers. Per the new law, the reports made by the estate and by the beneficiaries must be consistent.