Under the TRAIN law, a tax rate of 6 percent is imposed on the value of the net estate of the
decedent. Likewise, the estate tax amnesty rate of 6 percent is imposed on
decedent's total net estate.
In both 2012 and 2015, the largest percentage of male suicides (19%--20% of
decedents) occurred among those in the Construction and Extraction group (SOC 47) (Table 2); the largest percentage of female suicides in both years occurred among
decedents with unpaid occupations (29%).
2036 applied to include in the
decedent's gross estate the value of a 99% FLP interest transferred to a charitable lead annuity trust before death.
1022(a)(1), property acquired from a
decedent is treated as having been transferred by gift.
Age at death is an important factor in examining the income reported by these
decedents, especially when considering income from sources such as salaries and wages, pensions, and Social Security.
Median time from illness onset to death was 20 hours (range 3 hours-7 days) for health facility
decedents and 12 hours (range 2 hours-8 days) for community
decedents.
In general, the executor of the estate of a
decedent who died in 2010 may make the Section 1022 election by filing Form 8939, Allocation of Increase in Basis for Property Acquired From a
Decedent, on or before November 15, 2011.
More than forty-five (45) days have elapsed since the death of the
Decedent.
* For
decedents who are not citizens of the United States at the time of death, the general basis increase is reduced from $1.3 million to $60,000; and the property, spousal basis increase, and adjustments for losses are unavailable.
* Did the
decedent experience any conscious pain and suffering before he or she died?
The item of income would have been taxable to the
decedent if the
decedent had survived to receive the income;
Section 301(a) of the 2010 tax act retroactively imposed the federal estate tax on the estates of
decedents that died after December 31, 2009, and before January 1, 2011, with adjustments to calculate the tax.
