Federal estate tax definition

Federal estate tax means the tax levied and imposed under the provisions of the internal revenue code, in effect on the date of death of the decedent.

Federal estate tax means the tax due to the United States

Federal estate tax means, for deaths occurring after September 30, 2002, and before January 1, 2008, the federal estate tax as computed under the federal estate tax law in effect on December 31, 2000, and for deaths occurring after December 31, 2007, the federal estate tax as computed under the federal estate tax law in effect on the day of the decedent’s death.

Examples of Federal estate tax in a sentence

• Therefore, in the event of your death, your IRA balance will be includible in your gross estate for Federal estate tax purposes.

• Therefore, in the event of your death, the value of your Xxxx XXX will be includible in your gross estate for Federal estate tax purposes.

• Generally there is no specific exclusion for Xxxx IRAs under the Federal estate tax rules.

• Federal estate tax return includes any federal form, or other action which establishes, changes, or amends either the federal estate or the generations skipping tax liability.

• An election under this subsection shall be deemed a waiver of the right to claim a cred- it, against the Federal estate tax, under a death tax convention with any foreign coun- try for any tax or portion thereof in respect of which a deduction is taken under this sub- section.

• In any case where the tax imposed by section 2001 is equitably appor- tioned among all the transferees of property included in the gross estate, including those described in sections 2055 and 2106(a)(2) (taking into account any exemptions, credits, or de- ductions allowed by this chapter), in deter- mining such decrease, there shall be dis- regarded any decrease in the Federal estate tax which any transferees other than those de- scribed in sections 2055 and 2106(a)(2) are re- quired to pay.

• If the estate of the surviving spouse meets the requirements of section 303 with respect to any property described in subparagraph (A), for purposes of section 303, the tax im- posed by paragraph (1)(B) with respect to such property shall be treated as a Federal estate tax payable with respect to the estate of the surviving spouse.

• For purposes of this section and § 1.1014–1, the value of property as of the date of the dece- dent’s death as appraised for the pur- pose of the Federal estate tax or the al- ternate value as appraised for such pur- pose, whichever is applicable, shall be deemed to be its fair market value.

• A decedent’s gross estate for Federal estate tax purposes may therefore be very different from the same decedent’s estate for local probate purposes.

• However, in such a case, the basis of any property acquired by such donee in exchange for the original property, or of any property acquired by the donee through reinvesting the proceeds of the sale of the original property, shall be the fair market value of the property thus acquired at the date of the decedent’s death (or ap- plicable alternate valuation date) if the property thus acquired is properly included in the decedent’s gross estate for Federal estate tax purposes.

More Definitions of Federal estate tax

Federal estate tax means the tax due to the United States with respect to a taxable transfer under Chapter 11 of the Internal Revenue Code.

Federal estate tax means the tax imposed by the provisions of the Federal Estate Tax Act.

Federal estate tax means the tax imposed under the United States Internal Revenue Code (26 U.S.C. § 2001 et seq.), as it was in effect on January 1, 2001, and as amended thereafter with respect to the duty to file a return and the calculation of the taxable estate.

Federal estate tax means the tax imposed under the United States Internal Revenue Code (26 U.S.C. § 2001 et seq.), as amended.”.

Federal estate tax means the tax imposed by the