Showing posts with label Pro-forma Computation of Net Taxable Estate & Estate Tax Due if Decedent was Married with Surviving Spouse. Show all posts
Showing posts with label Pro-forma Computation of Net Taxable Estate & Estate Tax Due if Decedent was Married with Surviving Spouse. Show all posts

Sunday, October 5, 2014

Pro-forma Computation of Net Taxable Estate & Estate Tax Due if Decedent was Married with Surviving Spouse


Conj./Comm.
Exclusive
Total
Gross Estate:
xx
xx

Real or immovable property
xx
xx

Tangible personal property
xx
xx

Intangible personal property
xx
xx

Certain transfers
xx
xx

total
xx
xx
xx




Less:  Ordinary Deductions
xx
xx

ELITe
xx
xx

Transfer for public use
xx
xx

Vanishing deduction
xx
xx

Amount received under RA4917
xx
xx

total
xx
xx
(xx)
Net
xx
xx
xx
Less:  Special Deductions



Standard deduction


(xx)
Medical expenses


(xx)
Family home


(xx)
Net Estate


xx
Less:  ½ share of the surviving spouse on the net conj./comm. property
(xx)
Net Taxable Estate


xx
Estate tax due based on estate tax table


xx