nnのCPA試験の旅 in Hawaii CPA試験の旅 in Hawaii

Hello again!


by nn_77
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--- 【Question from yuwa-san】------------------------------------------
2)Gift, Estate, Estate & Trust
I just want to confirm my understanding is proper.
Gift tax is charged to the gift when you give any gift during you are alive. The donor has to pay the tax. Estate tax is imposed on the remaining property owned by the person who was dead. The executor has to file through Form 706. Trust & Estate tax is charged to the income incurred from the trusted and estate assets and is filed through 1041. The trust tax is paid by trustee. The estate tax is paid by an executor.
I mixed up a little. Is this understanding proper?
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Like yesterday's article, nn's answer follows in blue text again.

2)Gift, Estate, Estate & Trust
I just want to confirm my understanding is proper.
Gift tax is charged to the gift when you give any gift during you are alive. The donor has to pay the tax. Estate tax is imposed on the remaining property owned by the person who was dead. The executor has to file through Form 706.
Yes, I think so, too.
Trust & Estate tax is charged to the income incurred from the trusted and estate assets and is filed through 1041. The trust tax is paid by trustee. The estate tax is paid by an executor. I mixed up a little. Is this understanding proper?

There isn’t such a thing as “Trust & Estate Tax,” actually. Form 1041 is used to file “Income tax” for Estate and Trust. Be careful for wording here, because there IS “Estate tax” separate from “Income tax for Estate.”

言葉尻の修正だけです。たぶんyuwaさんも普通に本件ご理解されていると思いますが、このあたりは、言葉尻を間違えて覚えると後々記憶があいまいになった時に混乱しますね。

では、あすはDNIへ。 See you tomorrow!
[PR]
by nn_77 | 2009-04-14 06:41 | >REG | Comments(0)