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This chapter was first published by ICICLE Press. Book containing this chapter and any forms referenced herein is available for purchase at www.iicle.com or by calling 800-252-8062. 7 Federal Estate,

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What is federal estate gift and?

Federal estate gift tax is a tax on the transfer of property upon death or as a gift during a person's lifetime.

Who is required to file federal estate gift and?

The executor or administrator of an estate is required to file federal estate gift tax returns.

How to fill out federal estate gift and?

Federal estate gift tax returns are typically filed using IRS Form 706.

What is the purpose of federal estate gift and?

The purpose of the federal estate gift tax is to prevent individuals from avoiding estate taxes by giving away their assets before death.

What information must be reported on federal estate gift and?

Information such as the value of the estate, the value of any gifts given during a person's lifetime, and deductions for administrative expenses must be reported on federal estate gift tax returns.

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