Description
The focus of the book is on chapters 11, 12, and 13 of the Internal Revenue Code. Discusses selected income tax issues, but only in contrast with, or as an adjunct to, a discussion of the estate and gift tax treatment of those issues. This book is not an estate planning book or a comprehensive guide to the federal tax implications of all gratuitous transfers. Contains sections on deductions and credits and on the generation skipping transfer.
Features
- Examines property owned at death and special property interests by deceased
- Identifies the meaning of "gift" and transfers, and when a gift becomes complete
- Introduces the nature of the tax, valuation, and calculation
- Looks at expenses, losses, and charitable and marital deductions