| 释义 |
`1`unified estate and gift tax`2`
"LAW.COM Dictionary":
n. in federal estate taxes, the value of the estate plus gifts upon which no gift tax has been paid are combined to determine the assets upon which the tax is calculated. The estate tax "kicks in" at $600,000 for each deceased person. In larger estates an experienced accountant is virtually mandatory to determine the estate tax (if any) and prepare the tax return.
See also: estate tax gift tax |