Estate & Gift Tax Handbook (2022)

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Estate & Gift Tax Handbook (2022)

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A practical exploration of federal estate and gift taxation, the Estate & Gift Tax Handbook (2020) provides timely and effective advice on estate and gift tax practice and procedure, and is a useful resource for estate-planning practitioners, fiduciaries, attorneys, and others dealing with the complexities of the estate and gift tax system. Now, in one place, you can find all the information and tools necessary to arrange a person's affairs, both before and after death, to minimize the estate and gift tax burden and maximize wealth transfers through lifetime and testamentary giving. Written in concise, easy-to-understand language to demystify this complicated area of the law, the book is a valuable resource for readers approaching the subject from varied backgrounds and disciplines.

The 2020 edition of the Estate & Gift Tax Handbook updates the volume to reflect all legislative, judicial and administrative changes to the wealth transfer tax laws that occurred in the past year. These changes are important for the estate planner when advising clients on strategies designed to minimize wealth transfer tax and when preparing documents such as wills, trusts, and federal income, estate and gift tax returns. Included in the 2020 Estate & Gift Tax Handbook are important IRS revenue rulings, forms and publications, private letter rulings and IRS treasury regulations and significant developments from the federal courts including the U.S. Tax Court and the U.S. Courts of Appeal around the country.
Chapter 1: Estate and Gift Tax Planning in Light of Tax Relief Act of 2010
Chapter 2: The Federal Gift Tax
Chapter 3: Revocable Living Trusts
Chapter 4: Life Insurance
Chapter 5: Anti-Freeze Valuation Rules
Chapter 6: GRITs, GRATs, GRUTs
Chapter 7: Qualified Personal Residence Truats (QPRTs)
Chapter 8: Penalties Imposed on Estate and Gift Tax Preparers
Chapter 9: Tax-Free Gifts
Chapter 10: Charitable and Split Interest Transfers
Chapter 11: Marital Deduction
Chapter 12: Disclaimers--A Powerful Post-Mortem Tax Planning Tool
Chapter 13: Family Limited Partnerships (FLPs)
Chapter 14: Calculation of the Gift Tax
Chapter 15: Portability
Chapter 16: Transfer Taxes Imposed on Expatriates
Chapter 17: The Gift Tax Return--Form 709
Chapter 18: The Federal Estate Tax
Chapter 19: Valuation
Chapter 20: Estate Tax Deductions
Chapter 21: Estate Tax Credits
Chapter 22: Computation of Estate Tax
Chapter 23: Opinions for Paying the Estate Tax
Chapter 24: The Estate Tax Return--Form 706
Chapter 25: Generation-Skipping Transfer Tax
Chapter 26: Decedent's Final Income Tax Return
Chapter 27: Sample of Decedent's Final Income Tax Return
Chapter 28: Income Taxation of Trusts and Estates
Chapter 29: Sample Income Tax Returns for Trusts
Chapter 30: Sample Income Tax Returns for Estates
Appendix A: Glossary of Terms
Index
Susan Flax Posner received her LL.M. in taxation from The George Washington University National Law Center in 1983. She served as a law clerk to Judge Irene F. Scott, U.S. Tax Court from 1984-1986. Ms. Posner currently writes a monthly newsletter for CCH entitled "The Federal Tax Course Letter." She is also the author the Estate & Gift Tax Handbook and the Taxation of Investments Handbook, both published by CCH. She is a graduate of McGill University (1976) and University of Baltimore Law School (1981). She has practiced law in Washington, DC and in Baltimore, Maryland.