The first step in the taxation procedure is to notify the Internal Revenue Service (IRS) that the taxpayer has died and that a fiduciary relationship now exists.
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Q2: In computing taxable income, an estate is
Q4: The net estate tax is the amount
Q5: Medical expenses paid before death by the
Q6: The Tax Relief Act provides tax exemptions
Q7: Usually, the donee must pay the gift
Q8: Paralegals are not allowed to assist in
Q9: A generation-skipping transfer tax is a tax
Q10: The amounts reported to the IRS on
Q11: Income in respect of the decedent must
Q17: Only income that was received up to
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