taxable estate

A decedent’s gross estate reduced by allowable deductions (such as administration costs and ESOP deductions). IRC (26 USCA) § 2051.

• The taxable estate is the amount that is subject to the federal unified transfer tax at death. [Cases: Internal Revenue 4168–4182.30. C.J.S. Internal Revenue §§ 500, 512, 525–538, 541–546.]

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词条贡献者

法律翻译Virginia，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与国际贸易与投资监管有关的法律文件。