Adjusted gross estate definition

Adjusted gross estate. , as it relates to a trust, means the same as defined in section 633.266.
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Adjusted gross estate generally means “net assets”
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Adjusted gross estate means the value of the gross estate reduced by the sum of the amounts allowable as a deduction under sec- tion 2053 or 2054. Such sum shall be deter- mined on the basis of the facts and cir- cumstances in existence on the date (includ- ing extensions) for filing the return of tax imposed by section 2001 (or, if earlier, the date on which such return is filed).
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Examples of Adjusted gross estate in a sentence

  • Important Acronyms and Terms QFOBI QFOB FOBDAdditional estate tax Adjusted gross estate Adjusted value of the QFOBI AgreementApplicable exclusion amount ArrangementFamily member Gross estate Material participation Qualified heirQualified Family-Owned Business Interest§2057(a)(1); §2057(e)Qualified Family-Owned BusinessFamily-Owned Business Deduction §2057§2057(f)(1)§2057(c)§2057(d)§ 2057(b)(1)(B); §2057(h)§2057(a)(2) and 2010 Reg.

Related to Adjusted gross estate

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.

  • Consolidated Cash Taxes means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the aggregate of all taxes, as determined in accordance with GAAP, to the extent the same are paid in cash during such period.

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.