Instead of a discharge certificate, the IRS will then issue a Letter 1352 evidencing no estate tax return filing requirement. The Form 4422 indicates that the estate is non-taxable, based on the estimated gross estate and estimated deductions. However, if the collection officer has a question ...
this requirement presumes that the estate would have enough liquid assets to pay the estate tax if the special-use valued property is a lower percentage of the estateTo ensure that the property is used for at least 10 years afterwards in its current use, the IRS registers a federal estate ...
as well as any taxes owed by him or the estate. She also must pay the expenses of operating the estate, such as court filing fees or professional fees for an attorney or accountant
The 2015 budget proposal first proposed eliminating the "present interest" requirement for gifts in order to qualify for the gift tax annual exclusion. The 2015 proposal creates a new category of transfers and imposes an annual limit of $50,000 per donor on the donor's transfers of property ...