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9. Computing the federal transfer tax-Practice 2 Eric Juarez died in 2012, leaving an estate...

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9. Computing the federal transfer tax-Practice 2 Eric Juarez died in 2012, leaving an estate of $27,000,000. Eric's wife died in 2009. In 2009, Eric gave his son property that resulted in a taxable gift of $6,000,000 and upon which Eric paid $1,300,000 in transfer taxes. Eric had made no other taxable gifts during his life. Eric's will provided a charitable bequest of $900,000 to his church. Extibit 15.7 - Unified Credits and Applicable Exclusion Amounts for Estates and Gins: Sourcel IMemat Revensie FService Source: Internal Revenue Code, Section 2001. Assignment: Chapter 15 Preserving Your Estate 9. Computing the federal transfer tax-Practice 2 Eric Juarez died in 2012, leaving an estate of $27,000,000. Eric's wife died in 2009. In 2009, Eric gave his son property that resulted in a taxable gift of $6,000,000 and upon which Eric paid $1,300,000 in transfer taxes. Eric had made no other taxable gifts during his life. Eric's will provided a charitable bequest of $900,000 to his church. Extibit 15.7 - Unified Credits and Applicable Exclusion Amounts for Estates and Gins: Sourcel IMemat Revensie FService Source: Internal Revenue Code, Section 2001. Assignment: Chapter 15 Preserving Your Estate

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