User Account

All Pages

Which value should the executor use

Assignment Help Accounting Basics
Reference no: EM132676886

Question - Jim inherits stock (a capital asset) from his brother, who died in March of 2018, when the property had a $15.3 million FMV. This property is the only property included in his brother's gross estate and there is a taxable estate. The FMV of the property as of the alternate valuation date was $14.9 million.

a. Why might the executor of the brother's estate elect to use the alternate valuation date to value the property?

b. Why might Jim prefer the executor to use FMV at time of the death to value the property?

c. If the marginal estate tax rate is 40% and Jim's marginal income tax rate is 24% and his rate on ANCG is 15%, which value should the executor use?

Reference no: EM132676886

Questions Cloud

Compare different training methods : Compare and contrast different training methods. How will the effectiveness of the training be evaluated, and why is evaluation critical?
Determine the correct amount to report on income statement : Evaluate the items below and determine the correct amount to report on income statement for each using the accrual basis of accounting
Explain the job order costing income statement : Explain the job order costing income statement and provide a hypothetical example of job order costing income statement in a manufacturing enterprise
Focus on empowering leadership and effective collaboration : This journal articles focus on empowering leadership and effective collaboration in geographically dispersed teams,
Which value should the executor use : If the marginal estate tax rate is 40% and Jim's marginal income tax rate is 24% and his rate on ANCG is 15%, which value should the executor use
What is Doral Corporation after-tax net cash inflow : Doral Corporation (a C corporation) sold $110,000 of merchandise for which it paid $40,000. What is Doral Corporation after-tax net cash inflow
Trends in the firm external environment : Reflect an analysis of the selected company's current situation, including trends in the firm's external environment and whether these trends are threats
How much will internal failure costs change : Metropolitan Manufacturing expects to spend $400,000 in 20x4 in appraisal costs. How much will internal failure costs change
Compete effectively in street vending industry : Discuss 2 resources and 2 capabilities that are required to compete effectively in the street vending industry.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd