2007 Estate & Gift Tax Handbook

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CCH, 2007 - 1236 lappuses
Estate & Gift Tax Handbook is a practical exploration of federal estate and gift taxation. Providing timely and effective advice on estate and gift tax practice and procedure, the book is a useful resource for estate-planning practitioners, fiduciaries, attorneys, and others dealing with the complexities of the estate and gift tax system. In one place, the reader will find all the information and tools necessary to arrange a person's affairs, both before and after death, to minimize the estate and gift tax burden and to maximize wealth transfers through lifetime and testamentary giving. Written in concise, jargon-free language to elucidate and demystify this complicated area of the law, the book is a valuable resource for readers approaching the subject from varied backgrounds and disciplines.

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220 Life Insurance Valuation for Gift Tax Purposes
2-2
Chapter 2The Federal Gift
2-5
Gifts Within the Family
2-13
205 Powers of Appointment
2-24
When Cashed?
2-28
207 Joint Ownership
2-30
What Is a Gift? 201 Spousal Joint Ownership
2-34
209 Revocable Living Trusts
2-36
Line 61Advance Earned Income Credit Payments
8-100
Signatures
8-107
Chapter 9Income Taxation of Trusts and Estates
9-1
Common Trust Funds
9-99
Living Trusts Revocable Trusts
9-100
Chapter 10Sample Income Tax Returns for Trusts
10-1
1035 Schedule GTax Computation
10-2
Income Tax Return for TrustsFiling Basics
10-3

Intrafamily Transactions as Gift Election to Treat Revocable Trust
2-40
Disposition of QTIP Life Income Interest
2-43
Valuation of Property
2-51
Publicly Traded Stocks and Bonds
2-57
Closely Held Businesses
2-64
219 Notes Mortgages and Bonds with No Recognized Market
2-72
Life Estates Term of Years Remainders Reversions
2-73
Household and Personal Effects
2-80
Lapsing Rights and Restrictions
2-99
228 Penalties for Valuation Misstatements
2-118
Gift Splitting
2-125
Transfers to Minors
2-131
The Section 2503c Minors Trust
2-138
Charitable Lead Trusts
2-145
Pooled Income Fund
2-162
247 DisclaimersA Powerful PostMortem TaxPlanning Tool
2-170
248 Family Limited Partnerships FLPs
2-184
Tax Computation
2-198
Checklist for Computation of Gift Tax Liability
2-205
Introduction to Estate and Gift Taxes
2-212
Chapter 3The Gift Tax ReturnForm 709
3-1
Chapter 4The Federal Estate
3-55
Imposition of the Estate
4-5
IRC Section 2033
4-11
Revocable Transfers
4-19
Commercial Annuities and Other Death Benefits
4-27
Transfers Subject to a Power of Appointment
4-37
Life Insurance
4-45
Transfers for Insufficient Consideration
4-62
Private Annuities
4-68
Nonmarital Deduction Credit Shelter or Bypass Trusts
4-74
Deductions
4-105
429 Charitable and Split Interest Transfers
4-118
Marital Deduction
4-127
Credits
4-153
Repeal of Credit for State Death Taxes
4-159
Credit for Foreign Death Taxes
4-165
440 Qualified Disclaimers
4-176
444 Election to Postpone Tax on Reversions or Remainders
4-193
When Is a Gift Transfer Irrevocable Life Insurance Trust
6-27
Chapter 7Decedents Final Income Tax Return
7-3
Chapter 8Sample of Decedents Final Income Tax Return
8-1
Filing Status
8-7
809 Line 5Qualifying Widower with Dependent Child
8-15
Line 8aTaxable Interest Income and Schedule B Part I
8-21
Line 10State and Local Income Tax Refunds
8-27
Schedule D Part IILongTerm Capital Gains and LossesAssets
8-35
Line 16Pension and Annuity Distributions
8-42
830 Schedule E Part IIIIncome or Loss from Estates and Trusts
8-48
Taxable Income
8-66
Schedule AInterest Paid
8-73
Schedule ACharitable Contributions
8-76
Schedule A Line 27Other Miscellaneous Deductions
8-82
Tax CreditsIn General
8-88
859 Line 51Retirement Savings Contributions Credit
8-94
1001 Which Trusts Must File Form 1041
10-4
1002 Facts Applicable to Sample Income Tax Return for Trust
10-5
1003 Top of Income Tax Return for TrustForm 1041
10-6
1004 A Simplified View of Computing Trust Income on Form 1041
10-11
1006 Line 2aOrdinary Dividends and Line 2bQualified Dividends
10-12
1007 Line 3Business Income or Loss 1008 Line 4Capital Gain or Loss
10-13
1009 Line 5Rents Royalties Partnerships Other Estates and Trusts Etc 1010 Line 6Farm Income or Loss 91011 Line 7Ordinary Gain or Loss 1012 Li...
10-14
1013 Reporting the Trusts Deductions
10-15
Line 10Interest
10-18
Line 11Taxes 1016 Line 12Fiduciary Fees 1017 Line 13Charitable Deduction from Schedule A Line
10-19
Line 14Attorney Accountant and Return Preparer Fees 1019 Line 15aOther Deductions Not Subject to the 2 Percent Floor
10-20
1020 Line 15bAllowable Miscellaneous Itemized Deductions Subject to the 2 Percent Floor 1021 Line 16Total Deductions 1022 Line 17Adjusted To...
10-21
1024 Line 19Estate Tax Deduction Including Certain Generation Skipping Transfer Taxes 1025 Line 20Exemption
10-22
Line 21Total Deductions 1027 Line 22Taxable Income 1028 Line 23Total Tax from Schedule G Line
10-23
Line 26Estimated Tax Penalty
10-26
Line 27Tax
10-27
1032 Where to File Form 1041
10-29
Schedule BIncome Distribution Deduction
10-31
1036 Schedule D Form 1041Capital Gains and Losses
10-38
1037 Other Information on Page 2 of Form 1041
10-43
1038 Schedule IAlternative Minimum
10-45
1039 Schedule E Form 1040Supplemental Income and Loss
10-57
1040 Schedule K1Beneficiarys Share of Income Deductions Credits
10-60
1041 The Throwback RulesAccumulation Distribution for a Complex Trust
10-66
1042 Schedule J Form 1041Beneficiarys Share of Income Deductions Credits
10-72
1043 Termination of Trusts
10-77
1044 Instructions for Form 1041 and Schedules A B D G I J and
10-80
1045 Sample Completed Form 1041 for Jane B Trent Trust
10-127
1046 Sample Completed Schedule J Form 1041 for John Brown Trust
10-139
Line 20Exemption 1126 Line 21Total Deductions 1127 Line 22Taxable Income 1128 Line 23Total Tax from Schedule G Line
11-1
Income Tax Return for an EstateFiling Basics
11-3
1101 Form 1041Completed U S Income Tax Return for Estates
11-4
1102 Which Estates Must File Form 1041
11-6
1103 A Simplified View of Reporting Estate Income on Form 1041
11-7
Line 1 of Form 1041
11-10
1106 Line 2aTotal Ordinary Dividends and Line 2b Qualified Dividends
11-11
Line 3Business Income or Loss 1108 Line 4Capital Gain or Loss 1109 Line 5Rents Royalties Partnerships Other Estates and Trusts
11-13
Line 6Farm Income or Loss 1111 Line 7Ordinary Gain or Loss 1112 Line 8Other Income 1113 Reporting the Estates Deductions
11-14
Line 10Interest
11-16
Line 11Taxes 1116 Line 12Fiduciary Fees
11-17
Line 13Charitable Deduction from Schedule A Line
11-18
Line 14Attorney Accountant and Return Preparer Fees
11-19
Line 15aOther Deductions Not Subject to the 2 Percent Floor 1120 Line 15bAllowable Miscellaneous Itemized Deductions Subject to the 2 Percent Fl...
11-20
Estimated Tax Payments and Amount Applied from Previous Return
11-22
Line 26Estimated Tax Penalty 1131 Line 27Tax
11-25
Where to File Form 1041
11-27
1133 Schedule BIncome Distribution Deduction 1134 Tax ComputationSchedule G Line
11-28
Schedule D Form 1041Capital Gains and Losses
11-33
Other Information
11-39
q1137 Schedule IAlternative Minimum
11-40
1138 Schedule K1Beneficiarys Share of Income Deductions Credits
11-43
Termination of Estate
11-49
Sample Completed Form 1041 for Estate of Alan P Barber
11-52
Survivors Executors and Administrators Appendix AGlossary of Terms Index
11-62
Autortiesības

Bieži izmantoti vārdi un frāzes

$1 million allocation alternate valuation annual exclusion annuity apply assets attach beneficiary benefit buy-sell agreement capital gain charitable child claim closely held business column community property Computation corporation CUSIP date of death death taxes decedent decedent's death decedent's estate decedent's gross estate determined direct skip discount distribution dividends donor enter estate tax return Example executor expenses fair-market value federal estate tax Generation-Skipping Transfer Generation-Skipping Transfer Tax gift tax exclusion gift tax return GST exemption GST tax exemption included income interest income tax income tax return IRC Sec itemized deductions loan marital deduction paid partnership payable payment percent power of appointment QTIP election real property received remainder interest reported rules Schedule settlor skip person spouse's stock options surviving spouse taxable gifts taxpayer tenants transfer tax transferor transferred property treated trust trust instrument unified credit valuation date

Bibliogrāfiskā informācija

Nosaukums2007 Estate & Gift Tax Handbook
AutorsSusan Flax Posner
IzdevējsCCH, 2007
ISBN0808091093, 9780808091097
Apjoms1236 lappuses
  
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