Question
Duke Anders transfers $800,000 to an irrevocable trust At the time of the transfer, 120 percent of the AFR rate was 70 percent, yielding a
Duke Anders transfers $800,000 to an irrevocable trust At the time of the transfer, 120 percent of the AFR rate was 70 percent, yielding a present value factor of 0.9155. What are the gift tax consequences associated with the transfer?
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The gift the tax consequences to the parties are different from those that result in the absence of such an agreement When a gift is made contingent u...
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Business
Authors: Willian M Pride, Robert J. Hughes, Jack R Kapoor
10th Edition
324829558, 978-0324829556
