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7 Credits and Tax Payments Students 2009

7 Credits and Tax Payments Students 2009 - CHAPTER 7...

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CHAPTER 7 CREDITS AND PAYMENTS OF THE TAX
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Estate Tax Formula Deductions -Funeral expenses -Administrative expenses -Debts -Losses -State death taxes Net wealth -Charitable deduction -Marital deduction Taxable estate + Post 1976 taxable gifts ( adjusted taxable gifts ) Total taxable transfers x Rate Tax on total taxable transfers -Gift taxes computed on post 1976 gifts -Unified credit -Other credits Estate Tax liability Gross estate
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