What ESTATE means: This term is most commonly used for a taxable entity that is established upon the death of a taxpayer. It consists of all the decedent's property and personal effects. The estate exists until the final distribution of its assets to the heirs and other beneficiaries. During the period of administration, the executor must usually file a return. An estate is also created when a taxpayer files bankruptcy under Chapter 7 or CHapter 11 of the bankruptcy code.
- Definition Estimated Tax:
- Dictionary The amount of tax a taxpayer expects to owe for the year after subtracting expected amounts withheld and the amount of any expected credits estate definition.
- Definition Employee Stock Option:
- Dictionary An option granted to an employee to purchase the employer's stock. Employee stock options to which special income tax treatment is accorded are known as statutory options estate explain.
- Definition Excludable Amount Of Pension:
- Dictionary The portion of pension distributions that is not taxable estate what is.
- Definition Expenses Of Sale:
- Dictionary When paid by the seller, these expenses reduce the sale price of property. Examples are commissions to a broker or real estate agent, title search, title insurance, legal fees, and transfer taxes estate meaning.
How works Estate meaning in Tax definitions E .
