Section 2035 transfers /
" ... explains in detail the federal estate tax treatment of gifts made within three years of death. Under [section] 2035(a), certain gifts made within three years of the donor's death are included in the donor's gross estate. This rule minimizes the incentive for a decedent to transf...
Saved in:
| Main Author: | |
|---|---|
| Corporate Author: | |
| Other Authors: | , |
| Format: | Online |
| Language: | English |
| Published: |
Arlington, VA :
Tax Management,
[©2006]-
|
| Series: | Tax management portfolios ;
818-3rd |
| Subjects: | |
| Online Access: | https://www.bloomberglaw.com/product/tax/citation/tm%20818 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | " ... explains in detail the federal estate tax treatment of gifts made within three years of death. Under [section] 2035(a), certain gifts made within three years of the donor's death are included in the donor's gross estate. This rule minimizes the incentive for a decedent to transfer property shortly before death and thereby reduce federal estate taxes. It also prevents transfers within three years of death from qualifying an estate for favorable tax treatment such as deferral of estate tax under [section] 6166. The rule generally does not apply to transfers for adequate consideration or to gifts, other than with respect to life insurance policies that do not have to be reported on gift tax returns." |
|---|---|
| Item Description: | Authors: Lawrence Brody, Lucinda A. Althauser, and Richard L. English. 2000 (818 T.M.) Formerly published in Washington, D.C., 2006-2007 Title from title screen (viewed March 7, 2014) |
| Publication Frequency: | Updated irregularly |
| Format: | Mode of access: World Wide Web |
| Bibliography: | Includes bibliographical references |