U4 IP1.docx - Running head LIBRARY RESEARCH FOR TAXATION Library Research for Taxation Karen Allen American InterContinental University Taxation ACCT

U4 IP1.docx - Running head LIBRARY RESEARCH FOR TAXATION...

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Running head: LIBRARY RESEARCH FOR TAXATION 1 Library Research for Taxation Karen Allen American InterContinental University Taxation: ACCT. 430, Individual Project Unit 4 Professor, Larry Wolod March 13, 2017
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LIBRARY RESEARCH FOR TAXATION 2 Abstract By avoiding probate some heirs will receive more than others. Mr. and Mrs. Ybarra should consider many factors before finalizing any end of life decisions. I have included an explanation for state planning. By making better decisions the estate will be divided equally. Included in this research paper is an explanation of the transfer tax system, what is considered part of the estate, the things that are excluded from taxes, gross estate, and adjusted gross estate.
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LIBRARY RESEARCH FOR TAXATION 3 Transfer tax is a kind of tax which is charged on passing on of title to property from one individual to another. This tax is obligatory in the circumstances when, there is legal condition for registering of transfer. Allocations of real estate, shares or bonds require registration. There are certain kinds of allocation taxes imposed on individuals. Transfer taxes include estate tax, gift
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