Taxpayers die, but liability for their unpaid taxes remains. Someone must compute tax liability for the deceased taxpayer, file the decedent's final income tax return, and pay the taxes (or claim refunds) due. At the death of the decedent, a separate taxable entity--the decedent's estate--is created. The estate is liable for the tax on the income received during the period of its administration. In addition, trusts created by the decedent's will are taxed as separate entities. CCH's Federal Income Taxes of Decedents, Estates and Trusts (22nd Edition) provides concise, plain-English coverage of these issues and more. It presents the fundamental rules for preparing a decedent's final income tax return and highlights the income tax rules for the decedent's estate and related trusts. Also covered are the special rules regarding the taxation of grantor trusts and bankruptcy estates. Fiduciary duties, including liability for filing a return and paying any taxes due on behalf of the estate or trust, are also thoroughly discussed. Examples illustrating these rules are provided throughout. Among the subjects covered in this quick answer reference are: - Decedent's last return - Death of a partnership member - Decedent's stock holdings - Income tax return of estate or trust - Grantor trusts - Beneficiary's tax liability - Bankruptcy estates - Fiduciary duties and liabilities Latest changes to the Internal Revenue Code, as well as new regulations, rulings and cases, are reflected throughout the text through date of publication.
FREE Two-Day Shipping for Students. Learn more |
Book Description
Product Details
Would you like to update product info or give feedback on images?
|
Customer Reviews
|
There are no customer reviews yet.
|
|||
|
Video reviews
|
Inside This Book
(learn more)
Key Phrases - Statistically Improbable Phrases (SIPs):
(learn more)
grantor trusts, letter ruling, deceased taxpayer Key Phrases - Capitalized Phrases (CAPs): (learn more)
Code Sec, Federal Income Taxes of Decedents, Decedent's Last Return, United States, Tax Court, Supreme Court, Beneficiary's Tax, Partnership Member, Department of Defense, Statement of Person Claiming Refund Due, Individual Income Tax Return, Settlement Trust, Other Returns, Sixth Circuit, Deductions Rental, Service Center, Department of State, Nonresident Alien Income Tax Return, Eighth Circuit, Decedent's Stock Holdings, Armed Forces, Belinda Anderson, Andy Bensen Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
grantor trusts, letter ruling, deceased taxpayer Key Phrases - Capitalized Phrases (CAPs): (learn more)
Code Sec, Federal Income Taxes of Decedents, Decedent's Last Return, United States, Tax Court, Supreme Court, Beneficiary's Tax, Partnership Member, Department of Defense, Statement of Person Claiming Refund Due, Individual Income Tax Return, Settlement Trust, Other Returns, Sixth Circuit, Deductions Rental, Service Center, Department of State, Nonresident Alien Income Tax Return, Eighth Circuit, Decedent's Stock Holdings, Armed Forces, Belinda Anderson, Andy Bensen Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
What Other Items Do Customers Buy After Viewing This Item?
Tag this product(What's this?)Think of a tag as a keyword or label you consider is strongly related to this product.
Tags will help all customers organize and find favorite items. |
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
Customer Discussions
|
This product's forum
Active discussions in related forums
Search Customer Discussions
|
Related forums
|
