Explain the difference between the inclusion provisions of the federal estate tax and the federal gift tax.
Question:
Explain the difference between the inclusion provisions of the federal estate tax and the federal gift tax. Provide one policy justification for a transfer that orbits outside of the transfer tax "solar system" and justify your answer.
Explain what fair market value is and why fair market value can be a problematic standard of value.
As the Hermeneutics Article pointed out, there are three main sets of factors to be considered when evaluating an estate planning tool or technique: factors peculiar to the asset; factors peculiar to the particular tool or technique; and factors peculiar to the "players" (i.e., the stakeholders in the proposed tool or technique). Explain what a "mismatch" of any of the factors in an estate planning technique means to the operation of the technique, giving one example.
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson