Briefly discuss how inter vivos gifts can be used to reduce the size of the estate tax base.
What will be an ideal response?
The $14,000 per-donee per-year exclusion allows property to be transferred free of any transfer tax consequences. Postgift appreciation is removed from the estate tax base because adjusted taxable gifts are valued at the date of gift values. If the donor lives for more than three years after making a taxable gift, the gift tax paid is removed from the gross estate.
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The ____ directive needs to be included in the package specification to clearly state the purity levels applicable to the function.
A. PRAGMA REFERENCES B. PRAGMA RESTRICT C. PRAGMA RESTRICT_REFERENCES D. RESTRICT_REFERENCES
The closing of an adjustment message should A) guarantee that the problem will not recur if the customer continues doing business with you
B) express confidence in future business relations. C) assign blame to the responsible department and assure the reader that the department has been improved. D) remind readers of their responsibility in the product failure.
Buyer and seller enter into an agreement to sell a mobile home and lot. Before the deed can be
signed, the mobile home is destroyed by a tornado. Which of the following doctrines would most likely allow the buyer to avoid his contractual obligations? A) Frustration of purpose B) Impossibility C) Failure of a condition precedent D) Commercial impracticality
Social enterprises are organizations that pledge to behave in a socially responsible manner, even as they pursue profits
Indicate whether the statement is true or false