admin | May 24, 2009
Credits against federal estate taxes are allowed for the following:
a. Credit for estate taxes paid to the state. There is a maximum limit for the amount of this credit.
b. Credit for federal gift tax paid on gifts regarded by Internal Revenue Service to be a part of the estate for estate tax purposes.
c. Credit for [...]
Category: Credits, Tax |
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Tags: Credits, estate, Estate tax, tax credit, taxes
admin | May 18, 2009
Estimating the tax liabilities under different alternatives is a part of good estate planning. The tax estimates and other transfer costs should include the costs for both the husband and wife. Well thought-out plans will explore the potential tax burden resulting from the unexpected death of either husband or wife.
Category: Estate tax |
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Tags: Estate tax, liabilities, tax return, taxes