Maximizing the Tax Deduction for Income in Respect of a Decedent
Discusses the tax deduction for beneficiaries of income in respect of decedent (IRD) in the U.S. Inclusion of IRD fair market value in the income tax return of a beneficiary; Definition of IRD under the U.S. Treasury Regulations section 1.691 (a-b); Information on several specific examples of compensation owed to a beneficiary due to decedent's death and treatment, including self-employment income; Details of the calculation of a federal tax deduction with IRD.
School of Accountancy
Oden, Debra H., and Ben Sutherland. "Maximizing the Tax Deduction for Income in Respect of a Decedent." The CPA Journal 75, no. 9 (2005): 40-45.