Detail Death and Taxes   Oleh:  Kevles, Barbara Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 195 no. 4 (2003) Topik: taxes; death; taxes Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Given rising federal budget deficits and the war on terrorism, it’s impossible to predict whether Congress will permanently retire the federal estate tax, which in 2001 produced revenues totaling a whopping $24.4 billion. The Economic Growth and Tax Relief Reconciliation Act of 2001 gradually repeals the tax; as of January 1, 2010, there is no federal estate tax at all. But these impending reforms should not cause CPA s to give up their estate tax practices. The 2001 act has a sunset provision. Unless Congress acts to make the repeal permanent, the estate tax comes back in full force in 2011 for estates of more than $1 million. Whatever the tax’s fate, CPA s still need to know how to navigate Form 706, United States Estate (and Generation - Skipping Transfer) Tax Return, due nine months after a client’s date of death. This article may help CPA s avoid some of the pitfalls of form 706, such as which assets and deductions to include or issues related to family limited partnerships. In this way they can work smarter on behalf of their clients’ estates. If CPA s understand the thorny 706 issues relevant to recording a decedent’s assets, debts and administrative deductions, they will be able to do a better job of reducing the estate’s tax liability. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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