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U.S. Estate PlanningConsiderationsforCanadianResidentsPresentedby: LindsayHistrop December7,2016EstateTax Generally Canada:deemeddispositionondeathofcapital propertyatFMV U.S.:estatetaxisimposedondeathonthevalueof
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What is estatetax generally?
Estate tax is a tax on the transfer of the estate of a deceased person.
Who is required to file estatetax generally?
The executor or administrator of the estate is generally required to file estate tax.
How to fill out estatetax generally?
The executor or administrator must complete and file Form 706 with the IRS.
What is the purpose of estatetax generally?
The purpose of estate tax is to collect revenue for the government and to prevent the accumulation of wealth in a few families.
What information must be reported on estatetax generally?
Information such as the value of the estate, deductions, and credits must be reported on estate tax.
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